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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<strong>Economic</strong> Impact <strong>of</strong> <strong>Ireland's</strong> <strong>Historic</strong> <strong>Environment</strong><br />
<strong>The</strong> approach to measuring the aggregate level <strong>of</strong> economic activity attributable to <strong>Ireland's</strong> historic<br />
environment is centred on an income expenditure framework, with this used as the basis for modelling<br />
direct, indirect and induced impacts, and for each <strong>of</strong> three major historic environment components (Figure<br />
1).<br />
Figure 1 <strong>Economic</strong> Impact Components: <strong>Ireland's</strong> <strong>Historic</strong> <strong>Environment</strong><br />
Construction/Built<br />
<strong>Heritage</strong><br />
„Inner Wheel‟ <strong>of</strong> HE<br />
Sector<br />
Tourism<br />
Direct repair and maintenance<br />
output in relation to pre-1919<br />
building stock<br />
Direct employment,<br />
expenditure and income<br />
Direct tourism expenditure by<br />
tourists principally attracted to<br />
Ireland by the HE<br />
Less expenditure on<br />
conservation/repair/<br />
maintenance; grants and<br />
income from visitors<br />
(admission and retail)<br />
Indirect and Induced effects<br />
(Irish I-O tables)<br />
Total economic impact<br />
Source: Ecorys (2011)<br />
In summary (Table 1), the economic impact analysis demonstrates that:<br />
<strong>The</strong> historic environment is a highly significant contributor to <strong>Ireland's</strong> national economy, directly<br />
supporting almost 25,000 FTE jobs.<br />
Including indirect and induced effects, it is estimated that the historic environment sector supports<br />
approaching 40,000 FTE employment positions in Ireland.<br />
In terms <strong>of</strong> contribution to national income, <strong>Ireland's</strong> historic environment is estimated to account for<br />
some €1.5 billion annually to the nation's Gross <strong>Value</strong> Added (GVA).<br />
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