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The Economics of Uniqueness : Investing in Historic City Cores and Cultural Heritage Assets for Sustainable Development

Author

Listed:
  • Guido Licciardi
  • Rana Amirtahmasebi

Abstract

With rapid urbanization, cities featuring valuable historic cores and heritage assets struggle to modernize without completely losing their uniqueness. The good news is that there is an increasing trend toward financing projects aimed at conserving and incorporating heritage into development strategies. This book presents approaches to balance conservation and development. There are many interesting papers surrounding the topic, but policy and decision makers do not have any easy-to-digest compendium to guide them on how to decide when an element of conservation is warranted, and how much it is worth spending on it. This book presents approaches to combine investment on landmarks and on their surrounding areas, with investment to create jobs and prosperity for local communities, many of them poor, while also contributing to sustainable urbanization and inclusive growth.

Suggested Citation

  • Guido Licciardi & Rana Amirtahmasebi, 2012. "The Economics of Uniqueness : Investing in Historic City Cores and Cultural Heritage Assets for Sustainable Development," World Bank Publications - Books, The World Bank Group, number 12286, December.
    • Handle: RePEc:wbk:wbpubs:12286
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    References listed on IDEAS

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    1. Xavier Greffe, 1999. "La gestion du patrimoine culturel," Post-Print halshs-00272092, HAL.
    2. Patrizia Riganti & Peter Nijkamp, 2004. "Valuing cultural heritage benefits to urban and regional development," ERSA conference papers ersa04p314, European Regional Science Association.
    3. Xavier Greffe, 1999. "La gestion du patrimoine culturel," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00272092, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Hamed Tavakoli & Massoomeh Hedayati Marzbali, 2021. "Urban Public Policy and the Formation of Dilapidated Abandoned Buildings in Historic Cities: Causes, Impacts and Recommendations," Sustainability, MDPI, vol. 13(11), pages 1-25, May.
    2. Min Yin & Jiangang Xu & Zhongyuan Yang, 2019. "Preliminary Research on Planning of Decentralizing Ancient Towns in Small-Scale Famous Historic and Cultural Cities with a Case Study of Tingchow County, Fujian Province," Sustainability, MDPI, vol. 11(10), pages 1-19, May.
    3. Inês Gusman & Pedro Chamusca & José Fernandes & Jorge Pinto, 2019. "Culture and Tourism in Porto City Centre: Conflicts and (Im)Possible Solutions," Sustainability, MDPI, vol. 11(20), pages 1-21, October.
    4. Kostakis, Ioannis & Lolos, Sarantis & Doulgeraki, Charikleia, 2020. "Cultural Heritage led Growth: Regional evidence from Greece (1998-2016)," MPRA Paper 98443, University Library of Munich, Germany.
    5. Christer Gustafsson & Elisabetta Lazzaro, 2021. "The Innovative Response of Cultural and Creative Industries to Major European Societal Challenges: Toward a Knowledge and Competence Base," Sustainability, MDPI, vol. 13(23), pages 1-20, November.
    6. Martina Bosone & Pasquale De Toro & Luigi Fusco Girard & Antonia Gravagnuolo & Silvia Iodice, 2021. "Indicators for Ex-Post Evaluation of Cultural Heritage Adaptive Reuse Impacts in the Perspective of the Circular Economy," Sustainability, MDPI, vol. 13(9), pages 1-29, April.
    7. Lawrence W.C. Lai, 2020. "Sustainable development of heritage conservation and tourism: A Hong Kong case study on colonial heritage," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1181-1188, September.
    8. Andris Kairiss & Ineta Geipele & Irina Olevska-Kairisa, 2023. "Sustainability of Cultural Heritage-Related Projects: Use of Socio-Economic Indicators in Latvia," Sustainability, MDPI, vol. 15(13), pages 1-29, June.
    9. Kevin McQuillan & Michael Laszlo, 2021. "An Urban Nation: The Shifting Fortunes of Canadian Cities," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 4(29), November.
    10. L. E. Limonov & M. V. Nesena & A. A. Semenov, 2020. "Application of Cost-Benefit Analysis to Evaluate the Efficiency of Cultural Heritage Preservation Projects in Historic Towns of Russia," Regional Research of Russia, Springer, vol. 10(4), pages 530-537, October.
    11. Sandra Fatorić & Robbert Biesbroek, 2020. "Adapting cultural heritage to climate change impacts in the Netherlands: barriers, interdependencies, and strategies for overcoming them," Climatic Change, Springer, vol. 162(2), pages 301-320, September.
    12. Martina Bosone & Francesca Ciampa, 2021. "Human-Centred Indicators (HCI) to Regenerate Vulnerable Cultural Heritage and Landscape towards a Circular City: From the Bronx (NY) to Ercolano (IT)," Sustainability, MDPI, vol. 13(10), pages 1-36, May.
    13. Bonnie Burnham, 2022. "A Blended Finance Framework for Heritage-Led Urban Regeneration," Land, MDPI, vol. 11(8), pages 1-16, July.
    14. Rodrigo Caimanque, 2023. "The life and death of the ‘Baron mall’: The shifting politics of urban regeneration in Valparaiso," Environment and Planning C, , vol. 41(5), pages 884-902, August.

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