The cultural heritage: An approach to analyzing income and employment effects

Abstract

The cultural heritage of a nation consists of three parts: the artistic, the natural and the . historical heritages. While over recent years there has been much debate over supporting the continuous existence of the heritage, conducted mainly in terms of welfare economics and in particular merit good arguments in favor of the arts, an increasingly important part of the debate has focused attention of the economic impact of the heritage. In Britain, for instance, SAVE Britain's Heritage produced "Preservation Pays" (Binney and Hanna, 1978) which examined the economic benefits of preserving historic buildings, while in the United States "studies devoted in whole or in part to assessing the economic effects of one or more cultural activities have been conducted in at least