Theoretical and Applied Economics
No. 12 / 2011 (565)
Considerations regarding the Valuation and Valorization of Cultural Heritage
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.
Keywords: cultural heritage; economic value; hedonic pricing; contingency value; travel cost method.
Contents
- The Monetary Policy and the Real Estate Market
Vasile DEDU
Tiberiu STOICA
- Considerations regarding the Valuation
and Valorization of Cultural Heritage
Filip IORGULESCU
Felicia ALEXANDRU
Georgiana Camelia CREŢAN
Meral KAGITCI
Mihaela IACOB
- Oltenia – Micro-destination of Cultural
and Medical Spa Tourism
Aurelia-Felicia STĂNCIOIU
Ion PÂRGARU
Anca-Daniela VLĂDOI
Nicolae TEODORESCU
Carmen PUIU
- The Challenges of Basel III
for Romanian Banking System
Anca Elena NUCU
- A Static Analysis of Pakistan’s Trade Policy
with Selected Asian Countries
Summaira MALIK
Amatual R. CHAUDHARY
- Social and Environmental Issues in Corporative
Management: A Romanian Story
Cornelia DASCĂLU
Chiraţa CARAIANI
Gina Raluca GUŞE
Camelia Iuliana LUNGU
Anca CODREANU
- General Equilibrium Analysis of Electricity Market
Liberalization in Singapore:
A Comparative Study
Fenglong XIAO
- Equity Risk Premium for Investments Projects
in Renewable Resources
Carmen LIPARĂ
Anamaria ALDEA
Anamaria CIOBANU