Economic Value of Ireland's Historic Environment - The Heritage ...
Economic Value of Ireland's Historic Environment - The Heritage ...
Economic Value of Ireland's Historic Environment - The Heritage ...
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4 <strong>Economic</strong> Impact <strong>of</strong> <strong>Ireland's</strong> <strong>Historic</strong><br />
<strong>Environment</strong><br />
This section <strong>of</strong> the report focuses on the specific nature <strong>of</strong> operations and activities attributable to<br />
<strong>Ireland's</strong> historic environment sector, and presents the results <strong>of</strong> our analytical work in the form <strong>of</strong> an<br />
economic impact assessment <strong>of</strong> the historical environment on the national economy. Our impact<br />
assessment is structured around three principal components: (1) economic activity corresponding to core<br />
organisations comprising the 'inner wheel' <strong>of</strong> the historic environment sector; (2) the built heritage repair<br />
and maintenance sector; and (3) expenditure resulting from tourists attracted to Ireland principally<br />
because <strong>of</strong> the historic environment.<br />
For the purposes <strong>of</strong> compiling the impact assessment we have deliberately adopted a conservative<br />
approach to the estimation <strong>of</strong> economic values, with this intended to further enhance the robustness and<br />
reliability <strong>of</strong> selected inputs and underlying assumptions.<br />
4.1 Approach to Impact Assessment<br />
<strong>The</strong> impact assessment is directed at establishing estimates for the aggregate level <strong>of</strong> economic activity<br />
attributable to the historic environment in respect <strong>of</strong> the Irish economy overall. This process entails<br />
developing estimates <strong>of</strong> the direct (initial) impact as well as associated multiplier (indirect/ induced)<br />
impacts:<br />
Direct impact – refers to direct expenditure and associated employment by organisations within the<br />
'inner wheel' <strong>of</strong> the historic environment sector; built heritage repair and maintenance expenditure<br />
relating to historic environment assets; and, expenditure by tourists who have been attracted to<br />
Ireland principally because <strong>of</strong> its historic environment.<br />
Indirect impact – refers to purchases <strong>of</strong> inputs made by firms that are supplying goods and services to<br />
the 'inner wheel' <strong>of</strong> the historic environment sector; the built heritage construction sector; and,<br />
organisations associated with tourism, including hotels and restaurants.<br />
Induced impact – refers to those benefits which accrue in the Irish economy as a result <strong>of</strong> increased<br />
income and spending by people who work in the historic environment sector 'inner wheel'; the built<br />
heritage construction sector; and, tourism sector, together with those businesses that supply goods<br />
and services to these sectors.<br />
A schematic representation <strong>of</strong> the modelling framework adopted for the impact analysis is presented in<br />
Figure 4.1 (below).<br />
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