Characteristics of Consumption Changes in Alignment with Renovation Investments of Immovable Cultural Heritage




investment, GDP, reproductive chains, input-output analysis, EU, cultural heritage, do-no-significant-harm


In our paper we present the impact of final consumption change on a product by applying the meaning of the autonomous consumption multiplier. Similar to Leontief and Kahn we introduced the multiplier of autonomous consumption, and with it the concept of the influence of change in final consumption on production in the order of a series of subsequent periods. In our analysis, the Slovenian economic investments in the renovation of Slovenian cultural heritage buildings affect the revenue of the Slovenian economy by a multiplier of 2,945. The impact on value added is 1,236. With one million investments in the renovation of Slovene cultural heritage buildings, the revenue of the Slovene economy will increase by more than 2.9 million euros and value added by 1.2 million euros after the adjustment period. The analysed investments will enable employments of 32 employees and the utilization of 3 million euros in fixed assets.

Author Biographies

Borut Vojinovic, EIPF, Institute of Economics, Slovenia

Borut Vojinović is PhD in Economics, Professor, EIPF, Institute of Economics, Ljubljana. His research interests are: General Economics, Macroeconomics and International Economics. He is an author of several research papers published in different scientific journals and listed on ORCiD number 0000-0002-6417-6166. He is also a member of Editorial Team at Lex localis, Journal of Local Self Government, an JCR listed journal. During his professional training, he lectured at several international universities.

France Krizanic, EIPF, Institute of Economics, Slovenia

France Križanič is PhD in Economics. He received PhD from the Faculty of Economics in Zagreb (1997). He is a scientific councillor at EIPF, Institute of Economics in Ljubljana. His research interests are: External Exchange and Capital Flow, Economic Growth, Energy and Ecology. His research papers are published in numerous international JCR journals and are listed under his Open Researcher and Contributor identifier (ORCiD) 0000-0002-8609-7856. He served as Chairman of the Council of Experts of the Insurance Supervision Agency of the Republic of Slovenia (2000 - 2005), Director of EIPF Economic Institute (2001 - 2008), the Minister of Finance in the Government of the Republic of Slovenia (2008-2012) and the Member of the National Assembly of the Republic of Slovenia (2014 – 2015).

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