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The Economics and Finance of Cultural Heritage

The Economics and Finance of Cultural Heritage
Author: Vincenzo Pacelli
Publisher: Routledge
Total Pages: 157
Release: 2020-07-26
Genre: Business & Economics
ISBN: 1000095584

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This book analyses the economic and financial profiles of heritage assets as tourist attractions. Offering both theoretical insights, methods, and global empirical examples, it considers how heritage assets can create economic and social value for a region. It offers an analysis of micro- and macroeconomic characteristics of heritage assets and their financial management. The importance of innovation in light of technological and market transformations is considered, as well as the sustainable management of heritage assets environmentally and in terms of sustainable tourism. The book delves into the financial assessment of heritage assets with a focus on evaluation models, the technique of project financing and wealth management in the art sector. These topics are illustrated with cases studies of heritage assets managed as tourist attractions to outline successful management strategies. The book draws on examples from a range of sites and locations across Italy, Spain, the United Kingdom, New Zealand, and the United States to show how heritage assets can be an economic stimulus for the development of local economies. The book will be of interest to academics and students at both undergraduate and postgraduate levels in the fields of tourism economics, cultural studies and environmental studies.


Handbook on the Economics of Cultural Heritage

Handbook on the Economics of Cultural Heritage
Author: Ilde Rizzo
Publisher: Edward Elgar Publishing
Total Pages: 673
Release: 2013-01-01
Genre: Political Science
ISBN: 0857931008

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Cultural heritage is a complex and elusive concept, constantly evolving through time, and combining cultural, aesthetic, symbolic, spiritual, historical and economic values. The Handbook on the Economics of Cultural Heritage outlines the contribution of economics to the design and analysis of cultural heritage policies and to addressing issues related to the conservation, management and enhancement of heritage. The Handbook takes a multidisciplinary approach, using cultural economics as a theoretical framework to illustrate how crucial and stimulating cross-disciplinary dialogue actually is. Contributors scrutinise the co-existence of cultural and economic values as well as the new challenges that arise from changes brought about by technology, and relationships between the different actors engaged in the production, distribution and consumption of heritage services. The roles of public, private and non-profit organizations are also explored. Case studies underpin the discussion, demonstrating the clear and vital link between theory and practice. This highly unique Handbook will prove a fascinating and informative read for academics, researchers, students and policymakers with an interest in cultural economics.


The Heritage Game

The Heritage Game
Author: Alan Peacock
Publisher: OUP Oxford
Total Pages: 230
Release: 2008-03-27
Genre: Business & Economics
ISBN: 0191607452

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A notable feature in cultural life is the growing demand to preserve and promote public access to historical buildings and sites, and artistic treasures of the past. Governments are increasingly involved in financing and regulating private attempts to meet this growing demand as well as extending their own provision of these treasures in state and locally owned museums and galleries. These developments raise important issues about the scope, content, and relevance of heritage policies in today's world. Written by two leading figures in the field of cultural economics, this authoritative book focuses on the impact of economic analysis on the formulation and implementation of heritage policy.


Cultural Heritage

Cultural Heritage
Author: Adriana Campelo
Publisher: Routledge
Total Pages: 242
Release: 2018-11-15
Genre: Architecture
ISBN: 1351606565

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Cultural Heritage is a systematic, interdisciplinary examination of cultural heritage, which provides an up-to-date view of the field by drawing on various disciplines. The book offers a thorough, structured review of extant literature on heritage in tourism and pertinent challenges for cultural heritage. This book offers new ways of looking at cultural heritage assets against a backdrop of increasing economic and environmental pressures. It comprises a number of sections that each examine cultural heritage from the perspective of ethics and values, community relations and development, cultural entrepreneurship, economic viability and conservation, methodologies, impacts of tourism research, consumption, and urban and immaterial heritage. Encompassing global research perspectives from public management, visual culture, environmental management, and cultural entrepreneurship, Cultural Heritage is a crucial text for those working or interested in the heritage field.


The Economics and Finance of Cultural Heritage

The Economics and Finance of Cultural Heritage
Author: Vincenzo Pacelli
Publisher: Routledge
Total Pages: 140
Release: 2020-07-26
Genre: Business & Economics
ISBN: 1000095606

Download The Economics and Finance of Cultural Heritage Book in PDF, ePub and Kindle

This book analyses the economic and financial profiles of heritage assets as tourist attractions. Offering both theoretical insights, methods, and global empirical examples, it considers how heritage assets can create economic and social value for a region. It offers an analysis of micro- and macroeconomic characteristics of heritage assets and their financial management. The importance of innovation in light of technological and market transformations is considered, as well as the sustainable management of heritage assets environmentally and in terms of sustainable tourism. The book delves into the financial assessment of heritage assets with a focus on evaluation models, the technique of project financing and wealth management in the art sector. These topics are illustrated with cases studies of heritage assets managed as tourist attractions to outline successful management strategies. The book draws on examples from a range of sites and locations across Italy, Spain, the United Kingdom, New Zealand, and the United States to show how heritage assets can be an economic stimulus for the development of local economies. The book will be of interest to academics and students at both undergraduate and postgraduate levels in the fields of tourism economics, cultural studies and environmental studies.


Cultural Heritage, Creativity and Economic Development

Cultural Heritage, Creativity and Economic Development
Author: Silvia Cerisola
Publisher: Edward Elgar Publishing
Total Pages: 208
Release: 2019
Genre: Business & Economics
ISBN: 1788975294

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The book explores the relationship between cultural heritage and local economic development by introducing the original idea that one possible mediator between the two can be identified as creativity. The book econometrically verifies this idea and demonstrates that cultural heritage, through its inspirational role on different creative talents, generates an indirect positive effect on local economic development. These results justify important new policy recommendations in the field of cultural heritage.


Economics of Art and Culture

Economics of Art and Culture
Author: Bruno S. Frey
Publisher: Springer
Total Pages: 134
Release: 2019-03-30
Genre: Business & Economics
ISBN: 3030157482

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This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness.


The Economics of Cultural Policy

The Economics of Cultural Policy
Author: David Throsby
Publisher: Cambridge University Press
Total Pages: 295
Release: 2010-06-03
Genre: Business & Economics
ISBN: 1107717701

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Cultural policy is changing. Traditionally, cultural policies have been concerned with providing financial support for the arts, for cultural heritage and for institutions such as museums and galleries. In recent years, around the world, interest has grown in the creative industries as a source of innovation and economic dynamism. This book argues that an understanding of the nature of both the economic and the cultural value created by the cultural sector is essential to good policy-making. The book is the first comprehensive account of the application of economic theory and analysis to the broad field of cultural policy. It deals with general principles of policy-making in the cultural arena as seen from an economic point of view, and goes on to examine a range of specific cultural policy areas, including the arts, heritage, the cultural industries, urban development, tourism, education, trade, cultural diversity, economic development, intellectual property and cultural statistics.


Economic Perspectives on Cultural Heritage

Economic Perspectives on Cultural Heritage
Author: M. Hutter
Publisher: Springer
Total Pages: 252
Release: 1997-10-13
Genre: Business & Economics
ISBN: 1349258245

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The maintenance and effective use of cultural heritage involves important economic aspects yet the field of contemporary cultural policy is surprisingly void of comprehensive analysis from an economic perspective. Prominent academics and practitioners here fill this gap. They examine the theoretical background on the value of cultural heritage, consider policies from Italy, France, Britain and Japan and make concrete proposals for changes in cultural heritage policy.


Global Tourism

Global Tourism
Author: Sarah M. Lyon
Publisher: Rowman Altamira
Total Pages: 321
Release: 2012-03-15
Genre: Social Science
ISBN: 0759120935

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Global tourism is perhaps the largest scale movement of goods, services, and people in history. Consequently, it is a significant catalyst for economic development and sociopolitical change. While tourism increasingly accounts for ever greater segments of national economies, the consequences of this growth for intercultural interaction are diverse and uncertain. The proliferation of tourists also challenges classic theoretical descriptions of just what an economy is. What are the commodities being consumed? What is the division of labor between producers and clients in creating the value of tourist exchanges? How do culture, power, and history shape these interactions? What are the prospects for sustainable tourism? How is cultural heritage being shaped by tourists around the world? These critical questions inspired this volume in which the contributors explore the connections among economy, sustainability, heritage, and identity that tourism and related processes makes explicit. The volume moves beyond the limits of place-specific discussions, case studies, and best practice examples. Accordingly, it is organized according to three overarching themes: exploring dimensions of cultural heritage, the multi-faceted impacts of tourism on both hosts and guests, and the nature of touristic encounters. Based on ethnographic and archaeological research conducted in distinct locations, the contributors’ conclusions and theoretical arguments reach far beyond the limits of isolated case studies. Together, they contribute to a new synthesis for the anthropology of tourism while simultaneously demonstrating how emerging theories of the economics of tourism can lead to the rethinking of traditionally non-touristic enterprises—from farming to medical occupations.