Economic and social impacts of cultural tourism in the Czech Republic

The work observes the positive relationship between culture and tourism and quantifies the economic and social (or socio-economic) impacts of cultural tourism in the Czech Republic. The first part showcases successful cultural projects in the Czech Republic and abroad, which attract tourists and provide destinations with financial resources and create new jobs. The author characterizes these positive economic and social impacts and benefits on the development of the region and analyzes existing studies of socio-economic impacts, normally processed abroad for cultural organizations and attractions. While in the Czech Republic, these studies are not yet very widespread, they represent a a useful document for the organization itself, but also for providers of grants and financial contributions, or for agencies and authorities designing concepts of culture and tourism. The work presents the basic methodologies used by the economic impact studies and further elaborates the most accurate and also the most demanding method of calculating the impacts, input-output analysis. Using this method, the author proposes a comprehensive model for calculating the economic and socio-economic impacts and benefits. The model uses statistical data of Czech national accounts and is intended for Czech cultural organizations attracting visitors. After using financial data of the surveyed organization and the expenditure of visitors, the model can easily determine the impacts of the organization to increase production, gross value added, employment and income of workers in the Czech Republic. The work builds on a lot of foreign findings, which seeks to apply in domestic conditions while using local data.