Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study
Because heritage buildings represent a special category of goods due to characteristics such as uniqueness and irreversibility, they are associated with multiple possibilities of use. This article aims to present a complex analysis of the values associated with using heritage buildings in the histor...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-09-01
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| Series: | Heritage |
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| Online Access: | https://www.mdpi.com/2571-9408/4/3/133 |
| _version_ | 1797519045465997312 |
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| author | Florentina-Cristina Merciu Alexandru-Ionuţ Petrişor George-Laurenţiu Merciu |
| author_facet | Florentina-Cristina Merciu Alexandru-Ionuţ Petrişor George-Laurenţiu Merciu |
| author_sort | Florentina-Cristina Merciu |
| collection | DOAJ |
| description | Because heritage buildings represent a special category of goods due to characteristics such as uniqueness and irreversibility, they are associated with multiple possibilities of use. This article aims to present a complex analysis of the values associated with using heritage buildings in the historical center of Bucharest and their correlation with corresponding conservation measures using the travel cost method. The authors used two computation methods: the zonal travel cost and the individual travel cost methods. The application of Bravais–Pearson’s coefficient of linear correlation confirmed that the demand for a cultural heritage site is inversely related to the travel costs and distance. The results reflect that the demand also depends on other factors, such as the satisfaction level of the tourist experience and tourists’ income and motivations. The study highlights the usefulness of the travel cost method, which facilitates analyzing the relationship between the significant value of using historical monuments and the extremely important conservation process in the current context, marked by socioeconomic dynamics that determine many reuses of cultural heritage. |
| first_indexed | 2024-03-10T07:37:38Z |
| format | Article |
| id | doaj.art-4ecd646d5a27457981683266af48965a |
| institution | Directory Open Access Journal |
| issn | 2571-9408 |
| language | English |
| last_indexed | 2024-03-10T07:37:38Z |
| publishDate | 2021-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Heritage |
| spelling | doaj.art-4ecd646d5a27457981683266af48965a2023-11-22T13:20:34ZengMDPI AGHeritage2571-94082021-09-01432356237610.3390/heritage4030133Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case StudyFlorentina-Cristina Merciu0Alexandru-Ionuţ Petrişor1George-Laurenţiu Merciu2Faculty of Geography, Interdisciplinary Center of Advanced Research on Territorial Dynamics, University of Bucharest, 010041 Bucharest, RomaniaDoctoral School of Urban Planning, Ion Mincu University of Architecture and Urbanism, 010014 Bucharest, RomaniaFaculty of Geography, Interdisciplinary Center of Advanced Research on Territorial Dynamics, University of Bucharest, 010041 Bucharest, RomaniaBecause heritage buildings represent a special category of goods due to characteristics such as uniqueness and irreversibility, they are associated with multiple possibilities of use. This article aims to present a complex analysis of the values associated with using heritage buildings in the historical center of Bucharest and their correlation with corresponding conservation measures using the travel cost method. The authors used two computation methods: the zonal travel cost and the individual travel cost methods. The application of Bravais–Pearson’s coefficient of linear correlation confirmed that the demand for a cultural heritage site is inversely related to the travel costs and distance. The results reflect that the demand also depends on other factors, such as the satisfaction level of the tourist experience and tourists’ income and motivations. The study highlights the usefulness of the travel cost method, which facilitates analyzing the relationship between the significant value of using historical monuments and the extremely important conservation process in the current context, marked by socioeconomic dynamics that determine many reuses of cultural heritage.https://www.mdpi.com/2571-9408/4/3/133nonmarket evaluationwillingness to payrevealed preference methodcontingent behaviorrecreation |
| spellingShingle | Florentina-Cristina Merciu Alexandru-Ionuţ Petrişor George-Laurenţiu Merciu Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study Heritage nonmarket evaluation willingness to pay revealed preference method contingent behavior recreation |
| title | Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study |
| title_full | Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study |
| title_fullStr | Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study |
| title_full_unstemmed | Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study |
| title_short | Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study |
| title_sort | economic valuation of cultural heritage using the travel cost method the historical centre of the municipality of bucharest as a case study |
| topic | nonmarket evaluation willingness to pay revealed preference method contingent behavior recreation |
| url | https://www.mdpi.com/2571-9408/4/3/133 |
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