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

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  • Burc Kayahan

    (Department of Economics, Acadia University)

  • Brian Vanblarcom

    (Department of Economics, Acadia University)

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    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.

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    Bibliographic Info

    Article provided by Rimini Centre for Economic Analysis in its journal Review of Economic Analysis.

    Volume (Year): 4 (2012)
    Issue (Month): 2 (December)
    Pages: 247-273

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    Handle: RePEc:ren:journl:v:4:y:2012:i:2:p:247-273

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    Related research

    Keywords: World Heritage designation; UNESCO; Tourism;

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    1. 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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