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Cost Benefit Analysis of UNESCO World Heritage Site Designation in Nova Scotia

Author

Listed:
  • Burc Kayahan

    (Department of Economics, Acadia University)

  • Brian Vanblarcom

    (Department of Economics, Acadia University)

Abstract

The objective of this research is to compare the economic benefits (defined as visitor spending) and costs of a UNESCO World Heritage (WH) designation. The study focuses on two sites in Nova Scotia; Old Town Lunenburg (designated as a WH site in 1995) and Grand Pr‚ National Historic Site (which has applied for a WH status). Pre/post designation visitation data from Lunenburg was used to quantify the impact (6.2%) in the Nova Scotia context. A proportional (to visitation) impact was projected for Grand Pr‚. The analysis indicates that the level of visitation is important in determining economic viability and that the rising costs of a WH designation further challenge smaller scale attractions.

Suggested Citation

  • Burc Kayahan & Brian Vanblarcom, 2012. "Cost Benefit Analysis of UNESCO World Heritage Site Designation in Nova Scotia," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 4(2), pages 247-273, December.
    • Handle: RePEc:ren:journl:v:4:y:2012:i:2:p:247-273
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    References listed on IDEAS

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    1. Catherine M. Chambers & Paul E. Chambers & John C. Whitehead, 1998. "Contingent Valuation of Quasi-Public Goods: Validity, Reliability, and Application To Valuing a Historic Site," Public Finance Review, , vol. 26(2), pages 137-154, March.
    2. Bruno S. Frey & Lasse Steiner, 2010. "World Heritage List: Does It Make Sense?," CREMA Working Paper Series 2010-11, Center for Research in Economics, Management and the Arts (CREMA).
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    Cited by:

    1. Nuno Antonio & Marisol B. Correia & Filipa Perdigão Ribeiro, 2020. "Exploring User-Generated Content for Improving Destination Knowledge: The Case of Two World Heritage Cities," Sustainability, MDPI, vol. 12(22), pages 1-19, November.
    2. Jones, Thomas E. & Yang, Yang & Yamamoto, Kiyotatsu, 2017. "Assessing the recreational value of world heritage site inscription: A longitudinal travel cost analysis of Mount Fuji climbers," Tourism Management, Elsevier, vol. 60(C), pages 67-78.
    3. David Wuepper & Marc Patry, 2017. "The World Heritage list: Which sites promote the brand? A big data spatial econometrics approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(1), pages 1-21, February.
    4. Arja Lemmetyinen & Lenita Nieminen & Johanna Aalto, 2021. "A gentler structure to life: co-creation in branding a cultural route," Place Branding and Public Diplomacy, Palgrave Macmillan, vol. 17(3), pages 268-277, September.
    5. David Wuepper, 2017. "What is the value of world heritage status for a German national park? A choice experiment from Jasmund, 1 year after inscription," Tourism Economics, , vol. 23(5), pages 1114-1123, August.

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    More about this item

    Keywords

    World Heritage designation; UNESCO; Tourism;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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