Cost Benefit Analysis of UNESCO World Heritage Site Designation in Nova Scotia
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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- 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.
- Bruno S. Frey & Lasse Steiner, 2010. "World Heritage List: Does it Make Sense?," CESifo Working Paper Series 3078, CESifo Group Munich.
- 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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