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Has cultural heritage monetary value an impact on visits? An assessment using Italian official data

Author

Listed:
  • Calogero Guccio

    (Department of Economics and Business, University of Catania)

  • Domenico Lisi

    () (Department of Economics and Business, University of Catania)

  • Anna Mignosa

    (Department of Economics and Business, University of Catania)

  • Ilde Rizzo

    (Department of Economics and Business, University of Catania)

Abstract

In this paper we try to investigate which factors affect the visits to Cultural Heritage (CH), using Italy as a case study. We adopt a broad definition of CH including archaeological and historical sites, historical buildings and, also, museums, focusing our attention on State CH. In our empirical analysis we use a rather innovative indicator of CH value, i.e. the monetary value of State CH, officially provided by the Ministry of Economy and Finance. Using these data, this paper aims at evaluating if such monetary value has a significant role in stimulating visits to cultural sites for the years 1996-2010. We also control for other factors potentially affecting the number of visits to cultural sites, such as alternative tourist attractors and the regional performance in the tourism sector. To the best of our knowledge, this is the first study that attempts to investigate the effect of CH monetary value on cultural participation.

Suggested Citation

  • Calogero Guccio & Domenico Lisi & Anna Mignosa & Ilde Rizzo, 2017. "Has cultural heritage monetary value an impact on visits? An assessment using Italian official data," ACEI Working Paper Series AWP-02-2017, Association for Cultural Economics International, revised Feb 2017.
  • Handle: RePEc:cue:wpaper:awp-02-2017
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    References listed on IDEAS

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    1. F. Di Lascio & Simone Giannerini & Antonello Scorcu & Guido Candela, 2011. "Cultural tourism and temporary art exhibitions in Italy: a panel data analysis," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 20(4), pages 519-542, November.
    2. JG. Brida & M. Meleddu & M. Pulina, 2011. "The attractiveness of a modern and contemporary art museum," Working Paper CRENoS 201106, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    3. Roberto Cellini & Tiziana Cuccia, 2013. "Museum and monument attendance and tourism flow: a time series analysis approach," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3473-3482, August.
    4. Harris, Richard D. F. & Tzavalis, Elias, 1999. "Inference for unit roots in dynamic panels where the time dimension is fixed," Journal of Econometrics, Elsevier, vol. 91(2), pages 201-226, August.
    5. Victoria Ateca Amestoy, 2013. "Demand for cultural heritage," Chapters,in: Handbook on the Economics of Cultural Heritage, chapter 4, pages i-i Edward Elgar Publishing.
    6. Victoria Ateca-Amestoy, 2008. "Determining heterogeneous behavior for theater attendance," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(2), pages 127-151, June.
    7. Peter Johnson & Barry Thomas, 1992. "Tourism, Museums And The Local Economy," Books, Edward Elgar Publishing, number 255.
    8. Ateca-Amestoy, Victoria & Prieto-Rodriguez, Juan, 2013. "Forecasting accuracy of behavioural models for participation in the arts," European Journal of Operational Research, Elsevier, vol. 229(1), pages 124-131.
    9. repec:kap:jculte:v:41:y:2017:i:2:d:10.1007_s10824-017-9295-z is not listed on IDEAS
    10. 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.
    11. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
    12. Trilce Navarrete, 2013. "Digital cultural heritage," Chapters,in: Handbook on the Economics of Cultural Heritage, chapter 12, pages i-i Edward Elgar Publishing.
    13. Seaman, Bruce A, 2006. "Empirical Studies of Demand for the Performing Arts," Handbook of the Economics of Art and Culture, Elsevier.
    14. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
    15. Juan Gabriel Brida & Chiara Dalle Nogare & Raffaele Scuderi, 2016. "Frequency of museum attendance: motivation matters," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(3), pages 261-283, August.
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    Cited by:

    1. Andrej Srakar & Eva Kodric-Dacic & Klemen Koman & Damjan Kavas, 2017. "Efficiency of Slovenian General Public Libraries: A Data Envelopment Analysis Approach," ACEI Working Paper Series AWP-07-2017, Association for Cultural Economics International, revised Sep 2017.
    2. repec:kap:jculte:v:43:y:2019:i:1:d:10.1007_s10824-018-9330-8 is not listed on IDEAS
    3. repec:kap:jculte:v:41:y:2017:i:2:d:10.1007_s10824-017-9295-z is not listed on IDEAS
    4. Víctor Fernández-Blanco & Ana Rodríguez-Álvarez & Aleksandra Wiśniewska, 2019. "Measuring technical efficiency and marginal costs in the performing arts: the case of the municipal theatres of Warsaw," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(1), pages 97-119, March.

    More about this item

    Keywords

    cultural heritage; monetary value; cultural visitors; tourist arrivals;

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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