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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, Rimini Centre for Economic Analysis, 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

    as
    1. Bruno S. Frey & Lasse Steiner, 2010. "World Heritage List: does it make sense?," IEW - Working Papers 484, Institute for Empirical Research in Economics - University of Zurich.
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    Cited by:

    1. repec:eee:touman:v:60:y:2017:i:c:p:67-78 is not listed on IDEAS
    2. 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.

    More about this item

    Keywords

    World Heritage designation; UNESCO; Tourism;

    JEL classification:

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

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