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Considerations regarding the Valuation and Valorization of Cultural Heritage

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Author Info

  • Filip IORGULESCU

    (Bucharest Academy of Economic Studies)

  • Felicia ALEXANDRU

    (Bucharest Academy of Economic Studies)

  • Georgiana Camelia CREŢAN

    (Bucharest Academy of Economic Studies)

  • Meral KAGITCI

    (Bucharest Academy of Economic Studies)

  • Mihaela IACOB

    (Bucharest Academy of Economic Studies)

Abstract

This paper presents the theoretical framework for the valuation of cultural heritage and of the economic effects produced by investments in the preservation and restoration of cultural heritage. The following methods are considered: impact studies, hedonic pricing method, contingent valuation method and travel cost method. The paper focuses on methodological issues, difficulties encountered when implementing the methods, as well as on their specific limitations. Moreover, each method is illustrated through the results of quantitative studies in the field.

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Bibliographic Info

Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): XVIII(2011) (2011)
Issue (Month): 12(565) (December)
Pages: 15-32

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Handle: RePEc:agr:journl:v:12(565):y:2011:i:12(565):p:15-32

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Related research

Keywords: cultural heritage; economic value; hedonic pricing; contingency value; travel cost method.;

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