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Considerations regarding the Valuation and Valorization of Cultural Heritage

Author

Listed:
  • 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.

Suggested Citation

  • Filip IORGULESCU & Felicia ALEXANDRU & Georgiana Camelia CREŢAN & Meral KAGITCI & Mihaela IACOB, 2011. "Considerations regarding the Valuation and Valorization of Cultural Heritage," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(12(565)), pages 15-32, December.
    • Handle: RePEc:agr:journl:v:12(565):y:2011:i:12(565):p:15-32
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    Cited by:

    1. Cristian Silviu Banacu, 2012. "The Role Of Project Management In The Formation Of Historical Tourism Attractiveness Factors," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 411-418, November.

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