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

Calogero Guccio (), Domenico Lisi, Anna Mignosa and Ilde Rizzo

No AWP-02-2017, ACEI Working Paper Series from Association for Cultural Economics International

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.

Keywords: cultural heritage; monetary value; cultural visitors; tourist arrivals (search for similar items in EconPapers)
JEL-codes: Z11 Z18 Z32 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2017-02, Revised 2017-02
New Economics Papers: this item is included in nep-cul, nep-eur, nep-his and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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