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World Heritage Listing of Australian Natural Sites: Tourism Stimulus and its Economic Value

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  • Tisdell, Clement A.
  • Wilson, Clevo

Abstract

Australia has 14 areas inscribed on the UNESCO World Heritage list, on the basis of their globally outstanding natural and in some cases also cultural values. Many regard listing as prestigious and believe that it acts as a signalling device like a brand name. But to what extent and in what ways does the extra prestige bestowed by this listing translate into increased economic value for listed properties? This article deals with two main aspects of World Heritage listing. First, examines the hypothesis that World Heritage listing increases tourist visitation numbers, and available international visitor time-series data are examined to provide empirical evidence. It is found that although visitor numbers are likely to increase as a result of World Heritage listing, the increase is not as large as is often perceived. Some properties continue to experience low visitation rates despite World Heritage listing, and reasons for this phenomenon are advanced. Likely reasons for the inequalities in growth patterns of visits to different World Heritage properties are highlighted. Secondly, the article considers how the economic value of the tourism stimulus provided by World Heritage listing can be measured in principle and relates this to economic impact analysis and total economic valuation. Important and new limitations to the use of the travel cost method in this context are identified.

Suggested Citation

  • Tisdell, Clement A. & Wilson, Clevo, 2001. "World Heritage Listing of Australian Natural Sites: Tourism Stimulus and its Economic Value," Economics, Ecology and Environment Working Papers 48382, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqseee:48382
    DOI: 10.22004/ag.econ.48382
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    References listed on IDEAS

    as
    1. Herath, Gamini, 1999. "Estimation of Community Values of Lakes: A Study of Lake Mokoan in Victoria, Australia," Economic Analysis and Policy, Elsevier, vol. 29(1), pages 31-44, March.
    2. Clem Tisdell, 2001. "Tourism Economics, the Environment and Development," Books, Edward Elgar Publishing, number 1972, December.
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    Citations

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    Cited by:

    1. Bruno S. Frey & Paolo Pamini, 2009. "World Heritage: Where Are We? An Empirical Analysis," CREMA Working Paper Series 2009-31, Center for Research in Economics, Management and the Arts (CREMA).
    2. Clem Tisdell, 2006. "Valuation of Tourism's Natural Resources," Chapters, in: Larry Dwyer & Peter Forsyth (ed.), International Handbook on the Economics of Tourism, chapter 16, Edward Elgar Publishing.
    3. Yu-Xia Lin & Ming-Hsiang Chen & Bi-Shu Lin & Shu-Yin Tseng & Ching-Hui (Joan) Su, 2021. "Nonlinear impact of World Heritage Sites on China’s tourism expansion," Tourism Economics, , vol. 27(4), pages 795-819, June.
    4. Bruno S. Frey & Paolo Pamini, 2009. "Making World Heritage Truly Global: The Culture Certificate Scheme," CREMA Working Paper Series 2009-13, Center for Research in Economics, Management and the Arts (CREMA).
    5. 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.
    6. Natalia Porto & Matías Ciaschi, 2021. "Reformulating the tourism-extended environmental Kuznets curve: A quantile regression analysis under environmental legal conditions," Tourism Economics, , vol. 27(5), pages 991-1014, August.
    7. Tiziana Cuccia & Calogero Guccio & Ilde Rizzo, 2013. "Does Unesco inscription affect the performance of tourism destinations? A regional perspective," ACEI Working Paper Series AWP-04-2013, Association for Cultural Economics International, revised Oct 2013.
    8. Cuccia, Tiziana & Guccio, Calogero & Rizzo, Ilde, 2016. "The effects of UNESCO World Heritage List inscription on tourism destinations performance in Italian regions," Economic Modelling, Elsevier, vol. 53(C), pages 494-508.
    9. Bruno S. Frey & Paolo Pamini & Lasse Steiner, 2011. "What Determines The World Heritage List? An Econometric Analysis," CREMA Working Paper Series 2011-01, Center for Research in Economics, Management and the Arts (CREMA).
    10. Elina Simone & Rosaria Rita Canale & Amedeo Maio, 2019. "Do UNESCO World Heritage Sites Influence International Tourist Arrivals? Evidence from Italian Provincial Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 146(1), pages 345-359, November.
    11. Tisdell, Clement A., 2003. "Ecotourism/Wildlife based Tourism as Contributor to Nature Conservation with Reference to Vanni, Sri Lanka," Economics, Ecology and Environment Working Papers 48956, University of Queensland, School of Economics.
    12. Bruno S. Frey & Lasse Steiner, 2013. "World Heritage List," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 8, pages i-i, Edward Elgar Publishing.
    13. Jean-Bernard Marsat & Boris Kokou & Jacques Veslot & Etienne Polge, 2024. "Tourist frequentation and its economic effects: challenges for the policies of management and valorization of natural heritage sites [La fréquentation touristique et ses effets économiques : des en," Post-Print hal-04796161, HAL.
    14. Hongyu Li & Jie Chen & Konomi Ikebe & Takeshi Kinoshita, 2023. "Survey of Residents of Historic Cities Willingness to Pay for a Cultural Heritage Conservation Project: The Contribution of Heritage Awareness," Land, MDPI, vol. 12(11), pages 1-22, November.
    15. 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.
    16. Canale, Rosaria Rita & De Simone, Elina & Di Maio, Amedeo & Parenti, Benedetta, 2019. "UNESCO World Heritage sites and tourism attractiveness: The case of Italian provinces," Land Use Policy, Elsevier, vol. 85(C), pages 114-120.
    17. Gillespie, Robert & Bennett, Jeff, 2017. "Costs and Benefits of Rodent Eradication on Lord Howe Island, Australia," Ecological Economics, Elsevier, vol. 140(C), pages 215-224.
    18. Tisdell, Clement A., 2020. "The Fiftieth year of Economic Analysis and Policy: How, why, and to what extent has it changed?," Economic Analysis and Policy, Elsevier, vol. 68(C), pages 1-9.

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    More about this item

    Keywords

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    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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