@article{Tisdell:48382,
      recid = {48382},
      author = {Tisdell, Clement A. and Wilson, Clevo},
      title = {World Heritage Listing of Australian Natural Sites:  Tourism Stimulus and its Economic Value},
      address = {2001-09},
      number = {1741-2016-140550},
      series = {Economics, Ecology and the Environment Working Paper},
      pages = {26},
      year = {2001},
      abstract = {Australia has 14 areas inscribed on the UNESCO World  Heritage list, on the basis of their globally outstanding  natural and in some cases also cultural values. Many regard  listing as prestigious and believe that it acts as a  signalling device like a brand name. But to what extent and  in what ways does the extra prestige bestowed by this  listing translate into increased economic value for listed  properties? This article deals with two main aspects of  World Heritage listing. First, examines the hypothesis that  World Heritage listing increases tourist visitation  numbers, and available international visitor time-series  data are examined to provide empirical evidence. It is  found that although visitor numbers are likely to increase  as a result of World Heritage listing, the increase is not  as large as is often perceived. Some properties continue to  experience low visitation rates despite World Heritage  listing, and reasons for this phenomenon are advanced.  Likely reasons for the inequalities in growth patterns of  visits to different World Heritage properties are  highlighted. Secondly, the article considers how the  economic value of the tourism stimulus provided by World  Heritage listing can be measured in principle and relates  this to economic impact analysis and total economic  valuation. Important and new limitations to the use of the  travel cost method in this context are identified.},
      url = {http://ageconsearch.umn.edu/record/48382},
      doi = {https://doi.org/10.22004/ag.econ.48382},
}