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

Anna Alberini and Alberto Longo

No 2005.112, Working Papers from Fondazione Eni Enrico Mattei

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.

Keywords: Valuation of cultural heritage sites; Non-market valuation; Travel cost; Consumer surplus; Contingent behavior (search for similar items in EconPapers)
JEL-codes: Z10 (search for similar items in EconPapers)
Date: 2005-09
New Economics Papers: this item is included in nep-agr, nep-cul and nep-tur
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2005.112

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