| Title: | Effects of renewal investments in immovable cultural heritage on Slovenian public finances : convergence with selected EU countries |
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| Authors: | ID Vojinović, Borut (Author)
ID Križanič, France (Author)
ID Kolšek, Vasja (Author) |
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| Files: |  Vojinovic-2020-EFFECTS_OF_RENEWAL_INVESTMENTS.pdf (229,93 KB)
MD5: 6BC01EA9116F4EEB68B5288287728104
 https://doi.org/10.5559/di.29.3.03
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | FT - Faculty of Tourism
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| Abstract: | In our paper we provide a measure of the optimal state incentive needed for the purpose of regular investment in maintaining immovable cultural heritage. Slovenia annually needs 32.7 million euros of investment for the maintenance of its immovable cultural heritage, which is feasible with 16.4 million euros of state subsidies. Comparing the mechanisms of selected EU countries, we show convergence occurrences using an indirect approach. Investments in cultural heritage represent an increase in one of the components of final
demand with a positive impact on the economy. This was assessed with Leontief's production function (effect via reproduction chain). Investments in the maintenance of immovable cultural heritage also have a positive impact on tourism revenue. According to the results of the input-output analysis, regular maintenance annually results in 60.9 million euros' value added with 22.4 million euros higher general government revenue. The net fiscal effect of incentives for these investments is positive for 36.5% of public funds spent. |
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| Keywords: | cultural property, cultural heritage, investments, fiscal policy, convergence (economics), European Union, EU |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Submitted for review: | 16.03.2019 |
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| Publication date: | 01.09.2020 |
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| Publisher: | Institut društvenih znanosti Ivo Pilar |
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| Year of publishing: | 2020 |
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| Number of pages: | Str. 395-412 |
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| Numbering: | Letn. 29, št. 3 |
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| PID: | 20.500.12556/DKUM-91473  |
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| UDC: | 338.246.027(497.4:4-6EU):351.85 |
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| ISSN on article: | 1330-0288 |
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| COBISS.SI-ID: | 26766851 |
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| DOI: | 10.5559/di.29.3.03 |
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| Note: | Ključne besede v slovenščini: kulturna dediščina, naložbe, fiskalna politika, konvergenca (ekonomija), Evropska unija |
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| Publication date in DKUM: | 06.01.2025 |
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| Views: | 160 |
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| Downloads: | 339 |
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| Metadata: |    |
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| Categories: | Misc.
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