Cultural assets and sustainable development: the economic significance of Cultural Heritage

  • Juan Alonso Hierro Universidad Complutense
  • Juan Martín Fernández Universidad Complutense de Madrid
Keywords: cultural economics, cultural heritage, sustainable development, cultural assets, cultural demand, cultural tourism

Abstract

This article assesses the condition of the Cultural Heritage as a form of capital that gives rise to a significant flow of economic returns widely outweighing the effort it takes to preserve it. More specifically, the data related to Spain is provided from the perspective of aggregate demand drawing up an estimation of both the direct and indirect economic impacts arising from the Cultural Heritage valuation. The results highlight again the relevance of cultural tourism in the delivery of these economic returns and as a catalyst of activities leading to the sustainable socioeconomic devel-opment of multiple territories.

Downloads

Download data is not yet available.

Author Biographies

Juan Alonso Hierro, Universidad Complutense

 

Juan Martín Fernández, Universidad Complutense de Madrid

 

View citations

Crossmark

Metrics

Published
2013-12-20
How to Cite
Alonso Hierro J. y Martín Fernández J. (2013). Cultural assets and sustainable development: the economic significance of Cultural Heritage. Política y Sociedad, 50(3), 1133-1147. https://doi.org/10.5209/rev_POSO.2013.v50.n3.41861