IDEAS home Printed from https://ideas.repec.org/p/aue/wpaper/2407.html

Safeguarding Cultural Heritage, Fostering Sustainable Development: The threats of Climate Change and Acid Rain

Author

Listed:
  • George Halkos
  • Phoebe Koundouri

  • Panagiotis Stavros Aslanidis
  • Angelos Plataniotis

Abstract

Sustainable development incorporates the sustainable pathway of each civilization. However, cultural heritage assets can be heavily impacted by pollution, such as acid rain and climate change. The present study evaluates cultural heritage assets via a meta-regression analysis function transfer, in which we examined 106 studies, mainly from different countries, in the period 1995 - 2022. This methodology enables the valuation of cultural heritage - tangible and intangible - goods and services, as well as cultural values (e.g. aesthetic, spiritual, symbolic, etc.).The utilization of willingness-to-pay (WTP) would enable us to compare the two models (i.e., European and non-European) on how much a citizen would value cultural heritage based on non-market valuation.The results would inform policymakers about the importance of cultural heritage assets inthe sustainable development agenda. The results present that the WTP for the two examined models for Europe and non-European is 37.6�, and 60.12� respectively.Europeans are influenced mainly by intangible cultural assets, whereas non-Europeans are influenced by oral tradition. Overall, cultural heritage conservation necessitates for proper economic valuation through a holistic approach, in short - the valuation of intangible cultural heritage is imperative for sustainable development in an era of multi-crisis.

Suggested Citation

  • George Halkos & Phoebe Koundouri & Panagiotis Stavros Aslanidis & Angelos Plataniotis, 2024. "Safeguarding Cultural Heritage, Fostering Sustainable Development: The threats of Climate Change and Acid Rain," DEOS Working Papers 2407, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2407
    as

    Download full text from publisher

    File URL: http://wpa.deos.aueb.gr/docs/2024.Cultural.Economics.Manuscript.pdf
    File Function: First version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James Heckman, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    2. George Halkos, 1996. "Incomplete information in the acid rain game," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 23(2), pages 129-148, June.
    3. P. Poor & Jamie Smith, 2004. "Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 28(3), pages 217-229, August.
    4. Allen J Scott & Mark Ellis, 2000. "The Culture Economy of Paris∗," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 24(3), pages 567-582, September.
    5. George Halkos, 1994. "Optimal abatement of sulphur emissions in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(2), pages 127-150, April.
    6. Faroek Lazrak & Peter Nijkamp & Piet Rietveld & Jan Rouwendal, 2014. "The market value of cultural heritage in urban areas: an application of spatial hedonic pricing," Journal of Geographical Systems, Springer, vol. 16(1), pages 89-114, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. George Halkos & Panagiotis Stavros Aslanidis & Angelos Plataniotis & Phoebe Koundouri, 2024. "Evaluating the Tangible and Intangible Parameters of Cultural Heritage: An Economic Meta-Analysis in a Global Context," DEOS Working Papers 2413, Athens University of Economics and Business.
    2. Halkos, George & Kitsos, Christos, 2018. "Mathematics vs. Statistics in tackling Environmental Economics uncertainty," MPRA Paper 85280, University Library of Munich, Germany.
    3. Halkos, George, 2018. "Environment and Sustainable Development," MPRA Paper 86490, University Library of Munich, Germany.
    4. George E. Halkos & Dimitra C. Kitsou, 2018. "Weighted location differential tax in environmental problems," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 1-15, January.
    5. Halkos, George & Kitsos, Christos, 2018. "Uncertainty in environmental economics: The problem of entropy and model choice," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 127-140.
    6. Adamus, Jagoda, . "Ile warte są przestrzenie publiczne? Alternatywne metody wyceny w wartościowaniu przestrzeni publicznych," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2023(2).
    7. Halkos, George & Tsilika, Kyriaki, 2017. "Computational analysis of source receptor air pollution problems," MPRA Paper 77305, University Library of Munich, Germany.
    8. Halkos, George & Papageorgiou, George, 2012. "Pollution abatement and reservation prices in a market game," MPRA Paper 42150, University Library of Munich, Germany.
    9. Halkos, George & Barmpoudaki, Kyriaki & Voulagkas, George & Tsilika, Kyriaki, 2018. "Exploring the EMEP Input-Output model of air pollution," MPRA Paper 90267, University Library of Munich, Germany.
    10. Halkos, George & Kitsou, Dimitra, 2014. "A weighted location differential tax method in environmental problems," MPRA Paper 59502, University Library of Munich, Germany.
    11. George, Halkos E. & George, Papageorgiou J. & Emmanuel, Halkos G. & John, Papageorgiou G., 2019. "Environmental regulation and economic cycles," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 172-177.
    12. Halkos, George & Managi, Shunsuke & Tsilika, Kyriaki, 2018. "Spatiotemporal distribution of inclusive wealth data: An illustrated guide," MPRA Paper 85711, University Library of Munich, Germany.
    13. George E. Halkos & Kyriaki D. Tsilika, 2021. "Towards Better Computational Tools for Effective Environmental Policy Planning," Computational Economics, Springer;Society for Computational Economics, vol. 58(3), pages 555-572, October.
    14. George Halkos & Shunsuke Managi & Kyriaki Tsilika, 2018. "Measuring air polluters’ responsibility in transboundary pollution networks," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(3), pages 619-639, July.
    15. Halkos, George & Kitsos, Christos, 2024. "Measuring uncertainty, transfer entropy and G-causality In Environmental Economics," MPRA Paper 121764, University Library of Munich, Germany.
    16. Jagoda Adamus, 2023. "How Much Are Public Spaces Worth? Non-Market Valuation Methods in Valuing Public Spaces," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 66-89.
    17. Wright, William C.C. & Eppink, Florian V., 2016. "Drivers of heritage value: A meta-analysis of monetary valuation studies of cultural heritage," Ecological Economics, Elsevier, vol. 130(C), pages 277-284.
    18. Darima Fotheringham & Michael A. Wiles, 2023. "The effect of implementing chatbot customer service on stock returns: an event study analysis," Journal of the Academy of Marketing Science, Springer, vol. 51(4), pages 802-822, July.
    19. Robert B. Ekelund & John D. Jackson & Robert D. Tollison, 2013. "Are Art Auction Estimates Biased?," Southern Economic Journal, John Wiley & Sons, vol. 80(2), pages 454-465, October.
    20. Song, Wei-Ling & Uzmanoglu, Cihan, 2016. "TARP announcement, bank health, and borrowers’ credit risk," Journal of Financial Stability, Elsevier, vol. 22(C), pages 22-32.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aue:wpaper:2407. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ekaterini Glynou (email available below). General contact details of provider: https://edirc.repec.org/data/diauegr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.