CZECH EXPERIENCE IN USING CULTURE SATELLITE ACCOUNT

This paper focuses on the economic impact of tourism, specifically on the economic evaluation that includes its impact on jobs creation and economic growth, exportation of EU best practices to developing countries, its contribution to the generation of spin-offs, and the development of tourism and other cultural industries. The paper analyzes the best practices of implementation is the creation and utilization of the socalled satellite accounts of culture and various countries and describes the Czech experience with using culture satellite account. It appears that the share of culture in the value added of the Czech economy is oscillating around 2% which is comparable with the other EU countries. Nevertheless, our analysis point at advantages and disadvantages of currently used methods, and suggests ways for further improvement and development.