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Cost Benefit Analysis of UNESCO World Heritage Site Designation in Nova Scotia

2013; Rimini Centre for Economic Analysis; Volume: 4; Issue: 2 Linguagem: Inglês

10.15353/rea.v4i2.1386

1973-3909

Burç Kayahan, Brian VanBlarcom,

Urban Transport and Accessibility

The objective of this research is to compare the economic benefits (defined as visitor spending) and costs of a UNESCO World Heritage (WH) designation. The study focuses on two sites in Nova Scotia; Old Town Lunenburg (designated as a WH site in 1995) and Grand Pré National Historic Site (which has applied for a WH status). Pre/post designation visitation data from Lunenburg was used to quantify the impact (6.2%) in the Nova Scotia context. A proportional (to visitation) impact was projected for Grand Pré. The analysis indicates that the level of visitation is important in determining economic viability and that the rising costs of a WH designation further challenge smaller scale attractions.