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Accounting for cultural heritage -- A theoretical and empirical exploration with focus on Swedish reindeer husbandry

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  • Bostedt, Göran
  • Lundgren, Tommy

Abstract

The aim of this paper is to explore some of the theoretical and empirical aspects of an economy which includes cultural capital. We use a simple dynamic growth model and the concept of a social accounting matrix (SAM) to illustrate how the addition of income flows and net changes of various natural and cultural resources can be incorporated into a broader measure of welfare. The Swedish reindeer industry, managed by the indigenous Sami people, is used as an example since it is generally regarded to have significant cultural heritage value, beyond its contribution to conventional national accounts. We discuss a theoretically correct compensation to a cultural sector for preserving and maintaining a cultural heritage. Furthermore, we attempt to estimate the cultural value of the Sámi Reindeer sector in Sweden using a CVM survey. The results suggest that the willingness to pay (per year) to maintain cultural heritage at least at the current level may be quite substantive, estimates showing it can be several times the industry's turnover per year.

Suggested Citation

  • Bostedt, Göran & Lundgren, Tommy, 2010. "Accounting for cultural heritage -- A theoretical and empirical exploration with focus on Swedish reindeer husbandry," Ecological Economics, Elsevier, vol. 69(3), pages 651-657, January.
    • Handle: RePEc:eee:ecolec:v:69:y:2010:i:3:p:651-657
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    Cited by:

    1. Barrena, José & Nahuelhual, Laura & Báez, Andrea & Schiappacasse, Ignacio & Cerda, Claudia, 2014. "Valuing cultural ecosystem services: Agricultural heritage in Chiloé island, southern Chile," Ecosystem Services, Elsevier, vol. 7(C), pages 66-75.
    2. Zugravu-Soilita, Natalia & Kafrouni, Rajwane & Bouard, Séverine & Apithy, Leïla, 2021. "Do cultural capital and social capital matter for economic performance? An empirical investigation of tribal agriculture in New Caledonia," Ecological Economics, Elsevier, vol. 182(C).
    3. Irmelin Slettemoen Helgesen & Anne Borge Johannesen, 2023. "Climate change and reindeer herding – a bioeconomic model on the economic implications for Saami reindeer herders in Sweden and Norway," Working Paper Series 19723, Department of Economics, Norwegian University of Science and Technology.
    4. Parkatti, Vesa-Pekka & Tahvonen, Olli, 2021. "Economics of multifunctional forestry in the Sámi people homeland region," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
    5. Saarikoski, Heli & Mustajoki, Jyri & Barton, David N. & Geneletti, Davide & Langemeyer, Johannes & Gomez-Baggethun, Erik & Marttunen, Mika & Antunes, Paula & Keune, Hans & Santos, Rui, 2016. "Multi-Criteria Decision Analysis and Cost-Benefit Analysis: Comparing alternative frameworks for integrated valuation of ecosystem services," Ecosystem Services, Elsevier, vol. 22(PB), pages 238-249.
    6. Federico Revelli, 2013. "Tax incentives for cultural heritage conservation," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 6, pages i-i, Edward Elgar Publishing.
    7. O’Garra, Tanya, 2017. "Economic value of ecosystem services, minerals and oil in a melting Arctic: A preliminary assessment," Ecosystem Services, Elsevier, vol. 24(C), pages 180-186.
    8. Fei Zhao & Min Huang, 2020. "Exploring the Non-Use Value of Important Agricultural Heritage System: Case of Lingnan Litchi Cultivation System (Zengcheng) in Guangdong, China," Sustainability, MDPI, vol. 12(9), pages 1-14, May.
    9. Godwin Kofi Vondolia & Albert Mensah Kusi & Sylvana Rudith King & Ståle Navrud, 2022. "Valuing Intangible Cultural Heritage in Developing Countries," Sustainability, MDPI, vol. 14(8), pages 1-20, April.
    10. Wright, William C.C. & Eppink, Florian V., 2016. "Drivers of heritage value: A meta-analysis of monetary valuation studies of cultural heritage," Ecological Economics, Elsevier, vol. 130(C), pages 277-284.

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