20.500.12556/RUL-182204 Evaluating the economic impact of cultural heritage comparative analysis of the multiplier and the value chain approaches Purpose - In line with the European Commission's efforts to measure the impact of cultural heritage for evidence-based policy, this study examines the macroeconomic effects of cultural heritage, comparing the multiplier and value chain approaches. Design/methodology/approach - The study contrasts the two methods across several dimensions: impact assessment nature and purpose, data requirements, identification of cross-industry linkages and the capture of direct, indirect and induced effects. These methods are applied to assess cultural heritage's macroeconomic impact in Slovenia. Findings - The multiplier approach offers a comprehensive view of macroeconomic impacts by considering indirect and induced effects through intersectoral linkages but is limited by a narrow statistical categorization of cultural heritage. The value chain approach is easier to implement but lacks indicators for assessing the contribution of cultural heritage across the value chain. The economic impacts identified by the two methods differ significantly. Practical implications - Clear distinction between the approaches is crucial for interpreting economic impact assessments accurately. Originality/value - The study suggests that the multiplier and value chain approaches should be used complementarily, not as substitutes, to cover different macroeconomic effects. slovenia cultural heritage macroeconomics value chain multipliers macroeconomic effects multiplier C67 Z10 H40 Slovenija kulturna dediščina makroekonomija veriga vrednosti multiplikatorji true false true Angleški jezik Slovenski jezik Članek v reviji 2026-04-30 12:24:18 2026-04-30 12:26:35 2026-05-01 04:26:53 0000-00-00 00:00:00 2025 0 0 [in press] 2025 0000-00-00 Zaloznikova VTisku NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.3 2044-1266 10.1108/JCHMSD-05-2024-0118 263009539 Attached_standard_file-.PDF Attached_standard_file-.PDF 1 BFDBB4F8E24DEC86C8C3DDE1407EB3D1 a9f54067d1bc889cb8ef89787c94eb2b3d438af0f5095e152a5f3aa282fbdd42 b9d16f4d-447e-11f1-b0ab-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=233211 https://www.emerald.com/jchmsd/article/doi/10.1108/JCHMSD-05-2024-0118/1332075/Evaluating-the-economic-impact-of-cultural 0 bcf32f58-447e-11f1-b0ab-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=233212 Ekonomska fakulteta 0 0 0