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The Value of Cultural Heritage Sites in Armenia: Evidence From a Travel Cost Method Study

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  • Anna Alberini
  • Alberto Longo

Abstract

This paper applies the travel cost method to visits to cultural sites in Armenia by domestic visitors. Respondents intercepted at four cultural monuments provided information on their visitation patterns, experience at the site, perception of the state of conservation of the monuments, and rating of the quality of the services and infrastructures. We combine actual trips with stated trips under hypothetical programs that would enhance the conservation of the monuments and improve one of (i) the cultural experience at the site, (ii) the quality of the infrastructure, or (iii) the quality of the services, and use the combined actual and stated trips to fit a panel data model. Our investigation shows that that there are significant use values associated with the four study monuments, and that conservation programs and initiatives that improve the cultural experience, or simply make it easier for the respondent to reach and spend time at the monument, are valued by domestic visitors and would encourage higher visitation rates.

Suggested Citation

  • Anna Alberini & Alberto Longo, 2006. "The Value of Cultural Heritage Sites in Armenia: Evidence From a Travel Cost Method Study," ERSA conference papers ersa06p487, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa06p487
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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa06/papers/487.pdf
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    References listed on IDEAS

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    Cited by:

    1. Jan MELICHAR, 2010. "Assessment of the Recreation Value of Public Programs in the Jizerske Hory Mountains Using a Contingent Behaviour Model," Regional and Urban Modeling 284100028, EcoMod.
    2. Jan Špaček & Michaela Antoušková, 2013. "Individual single-site travel cost model for Czech paradise geopark," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2851-2858.
    3. Anne-Kathrin LAST, 2008. "The Monetary Value of Cultural Goods: A Contingent Valuation Study of the Municipal Supply of Cultural Goods in Lueneburg, Germany," EcoMod2008 23800074, EcoMod.
    4. Awan Setya Dewanta, 2010. "Valuation of Mount Merapi National Park: A travel cost analysis," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 2(1), pages 79-88, April.
    5. Shou-Lin Yang & Chiung-Ying Lee, 2015. "Analysis of the medical demands of elderly dementia patients considering the caregiver cost of medical accompaniment: an application of the travel cost method and altruistic utility function," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(1), pages 423-439, January.

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    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General

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