Architectural Heritage as an Economic Asset: Supply Side Sustainability Approach

By:
Dr Izabella Parowicz
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Architectural heritage is usually perceived by public at large as a valuable, worth preserving asset, mainly because of its historic, cultural and aesthetic features. The costs of maintenance of monuments are however very high and the resources available are usually inadequate, so gaining of necessary financial means is, as a rule, very difficult for persons in charge of heritage preservation as well as for monuments' owners. It is therefore important that economists be involved in discussions regarding heritage preservation. For an economist, architectural heritage is simply an economic asset, subject to demand and supply. The particular nature of monuments makes it however necessary to explain in detail the way they can become marketable goods (and carriers of various heritage-related services), who can be regarded as supplier or customer of monuments or of the services derived and what is the role of these individuals. This paper deals with the above issues; its main aim is to explain the interdependence occurring between supply of and demand for architectural monuments and the consequences resulting from this interdependence for the sustainable heritage preservation.


Keywords: Economics of Cultural Heritage, Sustainable Approach, Demand, Dupply, Architectural Heritage
Stream: Cultural Sustainability
Presentation Type: Virtual Presentation in English
Paper: Architectural Heritage as an Economic Asset

Dr Izabella Parowicz

Chairperson, Dobro Kultury - Foundation for Preservation of European Cultural Heritage
Poland

Izabella Parowicz's career has been in economics and management of cultural heritage. She studied Management at the University of Economics in Poznan, Poland and European Cultural Heritage at the European University Viadrina in Frankfurt (Oder), Germany. In the years 2004-2005 she was an intern at the Documentation Division & Conservation and Restoration Projects Management Office of Malta Centre for Restoration/Heritage Malta. Since 2003 she has been the Chairperson of the Dobro Kultury Foundation for Preservation of European Cultural Heritage in Slubice, Poland. 2006 she defended her PhD thesis titled: Sustainable Funding: The Effectiveness of Financing Architectural Conservation in the European Perspective. Her scientific interests are sustainability of heritage preservation, marketing of cultural heritage, other economic aspects of heritage preservation.

Ref: S07P0146