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Valuing the Economic Benefits of Preserving Cultural Heritage: The My Son Sanctuary World Heritage Site in Vietnam

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  • Tran Huu Tuan

    ()
    (College of Economics, Hue University)

Abstract

This study estimates the value of the preservation of a World Heritage Site in Vietnam, the My Son Temple complex in Quanguam province. Despite its designation, the site is in poor repair and is in danger from the ravages of the weather and from the pressure of visitor numbers. Two complementary approaches - the Contingent Valuation (CV) method and the Choice Experiment (CE) method - were used to gauge the value that foreign and local visitors placed on the temple's preservation. It was found that foreign visitors in particular would be willing to pay substantially more than the current entrance fee to ensure the temple's safe future. This represents a significant new potential source of income. In light of this finding, the report recommends a new dual tariff system. The fact that the temple is considered to be so important also provides a vital justification for continued investment in cultural heritage conservation, not just in Vietnam, but elsewhere in the region.

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File URL: http://www.eepsea.net/pub/rr/11851730651Tuan_RR6.pdf
File Function: First version, 2007
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Bibliographic Info

Paper provided by Economy and Environment Program for Southeast Asia (EEPSEA) in its series EEPSEA Research Report with number rr2007072.

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Date of creation: Jul 2007
Date of revision: Jul 2007
Handle: RePEc:eep:report:rr2007072

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Keywords: economic benefit; cultural heritage; Vietnam;

References

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  1. Susana Mourato & Ece Ozdemiroglu & Tannis Hett & Giles Atkinson, 2004. "Pricing Cultural Heritage," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(3), pages 95-113, July.
  2. Dale Whittington, 1996. "Administering Contingent Valuation Surveys in Developing Countries," EEPSEA Special and Technical Paper sp199601t1, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 1996.
  3. Boxall, Peter C. & Adamowicz, Wiktor L. & Swait, Joffre & Williams, Michael & Louviere, Jordan, 1996. "A comparison of stated preference methods for environmental valuation," Ecological Economics, Elsevier, vol. 18(3), pages 243-253, September.
  4. R. K. Blamey & J. W. Bennett & M. D. Morrison, 1999. "Yea-Saying in Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 75(1), pages 126-141.
  5. Navrud, StAle & Mungatana, E. D., 1994. "Environmental valuation in developing countries: The recreational value of wildlife viewing," Ecological Economics, Elsevier, vol. 11(2), pages 135-151, November.
  6. Lisa C. Chase & David R. Lee & William D. Schulze & Deborah J. Anderson, 1998. "Ecotourism Demand and Differential Pricing of National Park Access in Costa Rica," Land Economics, University of Wisconsin Press, vol. 74(4), pages 466-482.
  7. Boxall, Peter C. & Englin, Jeffrey & Adamowicz, Wiktor L., 2003. "Valuing aboriginal artifacts: a combined revealed-stated preference approach," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 213-230, March.
  8. Adamowicz, Wiktor L. & Boxall, Peter C. & Williams, Michael & Louviere, Jordan, 1995. "Stated Preference Approaches for Measuring Passive Use Values: Choice Experiments versus Contingent Valuation," Staff Paper Series 24126, University of Alberta, Department of Resource Economics and Environmental Sociology.
  9. Ian Bateman & Ian Langford, 1997. "Non-users' Willingness to Pay for a National Park: An Application and Critique of the Contingent Valuation Method," Regional Studies, Taylor & Francis Journals, vol. 31(6), pages 571-582.
  10. Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
  11. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November.
  12. K hlin, Gunnar, 2001. "Contingent valuation in project planning and evaluation: the case of social forestry in Orissa, India," Environment and Development Economics, Cambridge University Press, vol. 6(02), pages 237-258, May.
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