Economic Sustainability of Culture and Cultural Tourism
A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Tourism: Economics, Finance and Management".
Deadline for manuscript submissions: closed (28 February 2022) | Viewed by 51840
Special Issue Editor
Interests: cultural tourism; creative industries; experience economy; cultural heritage management; sustainability of culture and tourism; innovations in culture; social entrepreneurship
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Lately, a lot has been talked about economic sustainability of culture and cultural tourism, especially due to the pandemic crisis. Regardless the crisis, sustainable growth is in the focus of a number of international organisations’ strategic documents, e.g. UN Millennium Development Goals, or Europe 2020 Strategy, and substantial public and private funds have been invested in cultural and cultural tourism projects. However, it is rarely the case that investment of funds, especially in the case of public money, is carefully planned and its feasibility and cost-effectiveness consequently measured. Ensuring sustainability of funded cultural and cultural tourism projects should be embedded in every project plan. The case is, however, that most of the projects do well on this task in theory, when preparing a project proposal, but often fail to prove it in practice, thus not being able to justify the investments. With the ever growing need for funding of cultural and cultural tourism projects, sound and evidenced-based assessments preceding the investment should become an indispensable part of every project planning. Cultural and cultural tourism managers are often not trained in the specific topics related to economic sustainability, mostly focusing only on safeguarding intrinsic cultural values. However, without an integrated approach to sustainability, including the economic one, it is hardly possible to ensure overall project soundness and its durability in time.
Economic sustainability in cultural and cultural tourism project refers to all management phases, from cultural/cultural tourism product development, project funding, marketing, including branding, human resources management. Cultural and cultural tourism projects have proven to have a strong developmental potential influencing both territorial and social development. At the same time, they are specifically sensitive; their economic sustainability cannot be regarded separately from other aspects of sustainability (cultural, social and environmental), otherwise, a project may bring economic benefits but at the same time put at risk its social, cultural or environmental values.
This Special issue focuses on the economic sustainability of cultural and cultural tourism projects, but taking into account also other aspects. Thus, an integrated approach is put forward. Papers in different areas of culture as well as cultural tourism related to economic sustainability of projects are welcome. This may entail papers in the field of cultural heritage, cultural/creative industries, contemporary art, etc. as well as different types of cultural tourism projects and its sub-types (e.g. creative tourism, film tourism, literary tourism, etc.). The issue especially welcomes papers focusing on (1) economic sustainability impact assessment methods in culture/cultural tourism, (2) feasibility methods and financial evaluation tools used in cultural and cultural tourism projects, (3) policy provisions to ensure economic sustainability in culture/cultural tourism.
Researchers are invited to contribute original research articles in theory and practice. Conceptual papers alongside applied research studies are particularly welcome. All submissions must contain original unpublished work not being considered for publication elsewhere.
Prof. Daniela Angelina Jelinčić
Guest Editor
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- culture and tourism impacts, planning and management
- grants and financial instruments for culture/cultural tourism (debts, guarantee, equity funds, etc.)
- innovative and alternative financial instruments for culture/cultural tourism (private equity, mini bonds, crowdfunding and digital financing platforms (fin tech), impact finance and payment by results, public-private partnership)
- market revenues ensuring sustainability of culture/cultural tourism
- hybrid financial instruments (combination of grants, debts and equity capitals) in culture/cultural tourism
- cultural/cultural tourism project appraisal methods (e.g. ex ante evaluation, feasibility studies, cost-benefit analysis, cost-effectiveness analysis, economic impact studies, multi-criteria analysis)
- policy interventions ensuring economic sustainability in culture/cultural tourism
- culture/cultural tourism sustainability indicators
- sustainable cultural and cultural tourism consumption and production
- sustainable strategies for overtourism and undertourism in cultural destinations
- climate change impacts on cultural and cultural tourism projects
- behavioural economics in culture/cultural tourism
- sustainable economy in culture/cultural tourism (green economy, circular economy, social responsibility, etc.)
- integrated management of cultural and cultural tourism projects
- good governance and participatory governance in culture/cultural tourism
- innovative interpretation/storytelling for ensuring sustainability of cultural and cultural tourism projects
- innovative approaches to economic sustainability in culture/cultural tourism
- financial management ensuring economic sustainability in culture/cultural tourism
- risk management in culture/cultural tourism (resilience and security)
- sustainable regional economic growth due to culture/cultural tourism
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