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Safeguarding Cultural Heritage, Fostering Sustainable Development: The threats of Climate Change and Acid Rain

Author

Listed:
  • George Halkos
  • Phoebe Koundouri
  • Panagiotis Stavros Aslanidis
  • Angelos Plataniotis
Abstract
Sustainable development incorporates the sustainable pathway of each civilization. However, cultural heritage assets can be heavily impacted by pollution, such as acid rain and climate change. The present study evaluates cultural heritage assets via a meta-regression analysis function transfer, in which we examined 106 studies, mainly from different countries, in the period 1995 - 2022. This 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 willingness-to-pay (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 inthe sustainable development agenda. The results present that the WTP for the two examined models for Europe and non-European is 37.6�, and 60.12� respectively.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 intangible cultural heritage is imperative for sustainable development in an era of multi-crisis.

Suggested Citation

  • George Halkos & Phoebe Koundouri & Panagiotis Stavros Aslanidis & Angelos Plataniotis, 2024. "Safeguarding Cultural Heritage, Fostering Sustainable Development: The threats of Climate Change and Acid Rain," DEOS Working Papers 2407, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2407
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    References listed on IDEAS

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    1. Faroek Lazrak & Peter Nijkamp & Piet Rietveld & Jan Rouwendal, 2014. "The market value of cultural heritage in urban areas: an application of spatial hedonic pricing," Journal of Geographical Systems, Springer, vol. 16(1), pages 89-114, January.
    2. P. Poor & Jamie Smith, 2004. "Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 28(3), pages 217-229, August.
    3. Allen J Scott & Mark Ellis, 2000. "The Culture Economy of Paris∗," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 24(3), pages 567-582, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Willingnesstopay; Tangible cultural heritage; Intangible cultural heritage; Meta-regression analysis; Benefit transfer; Value transfer;
    All these keywords.

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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