TY - JOUR
KW - Benefit transfer
KW - C5
KW - CLIMATE-CHANGE
KW - contingent valuation
KW - Europe
KW - Intangible cultural heritage
KW - Meta-regression analysis
KW - Q53
KW - Q54
KW - TRAVEL COST METHOD
KW - Tangible cultural heritage
KW - Value transfer
KW - Willingness-To-pay
KW - willingness to pay
KW - Z1
KW - Z18
KW - cultural heritage
KW - environmental economics
KW - global economy
KW - meta-analysis
KW - parameterization
KW - regression analysis
KW - willingness to pay
AU - George Halkos
AU - Phoebe Koundouri
AU - Panagiotis-Stavros Aslanidis
AU - Angelos Plataniotis
AB - Sustainable development ensures the longevity of civilization by balancing economic growth, environmental protection, and social equity. The present study evaluates cultural heritage assets via a meta-regression analysis function transfer, in which 85 studies were examined that revealed 106 different willingness-to-pay (WTP) values in the period 1995-2022. The meta-regression 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 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 in the sustainable development agenda. The empirical findings present that the WTP for the European sample is 37.6\textlesseuro\textgreater and for the non-European is 60.12\textlesseuro\textgreater. In essence, the 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 both tangible and intangible cultural goods and services is imperative for sustainable development.
DO - 10.1007/s43621-024-00398-w
M1 - 1
N1 - Num Pages: 16 Place: London Publisher: Springernature Web of Science ID: WOS:001293429800001
N2 - Sustainable development ensures the longevity of civilization by balancing economic growth, environmental protection, and social equity. The present study evaluates cultural heritage assets via a meta-regression analysis function transfer, in which 85 studies were examined that revealed 106 different willingness-to-pay (WTP) values in the period 1995-2022. The meta-regression 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 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 in the sustainable development agenda. The empirical findings present that the WTP for the European sample is 37.6\textlesseuro\textgreater and for the non-European is 60.12\textlesseuro\textgreater. In essence, the 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 both tangible and intangible cultural goods and services is imperative for sustainable development.
EP - 187
TI - Evaluating the tangible and intangible parameters of cultural heritage: an economic meta-analysis in a global context
UR - https://link.springer.com/article/10.1007/s43621-024-00398-w
VL - 5
SN - 2662-9984
ER -