ISBN: 978-0-478-18476-1 (online)

New Zealand - International Document

Value and culture: An economic framework

Author(s):*Listed Alphabetically
Motu Economic and Public Policy Research

Year of Publication:

Ministry for Culture and Heritage

Publication Type:


This paper, commissioned and funded by the Ministry for Culture and Heritage, seeks to clarify the understanding of value in the cultural context, using economics concepts. It develops an economic framework for thinking about value in the cultural context and examines how well various valuation techniques are able to account for such values.

The paper also examines why actual outcomes for the production of cultural and heritage services may differ from what would be considered ‘optimal’ in the economic context. The aim is to outline a framework which can assist policy makers in the cultural sector to intervene more cost effectively and be more conscious of trade-offs amongst different cultural values.

Evidence Type: Policy Document

Main Focus: Wellbeing / Quality of life

Research Purpose: Discussion / Debate

Art Forms: Multi-Arts

Access Type: Free Download

APA Citation:

Motu Economic and Public Policy Research (2013). Value and culture: An economic framework. Wellington: Manatū Taonga – Ministry for Culture and Heritage.