Evaluation of the Economic Values of Urban Heritage in the Central Area of Ploieşti Municipality

Abstract

Heritage buildings incorporate multiple values (architectural, historical, cultural, aesthetic, social, symbolic, authenticity value) to which the economic one (they can be used as commercial and residential spaces, or it can offer cultural experiences for tourists) is added. The cultural services generated by the heritage properties are also used by the local population. The aim of this paper is to analyse the economic values of use and non-use of heritage properties in the central area of Ploieşti Municipality. The authors used the contingent valuation method to identify the non-used economic value. The economic use value of heritage properties was estimated by using the hedonic price method (e.g. expressed in accessibility from homes to shops on foot). Moreover, the economic value was evaluated using the indicator types of use of the heritage buildings. The results obtained by using the non-market valuation highlight the economic potential of the heritage properties located in the central area of Ploieşti city.

Quantification of the Sustainable use of the Cultural Heritage in the Central Area of the Municipality of Ploieşti using the Cobachrem Model

“…The municipality of Ploieşti represents a particular case study, as a result of the evolution registered by the historical monuments marked by destructions during the Second World War or during the communist period [3]. The municipality also owns a number of historic buildings that are categorized at seismic risk [5] and that require consolidation interventions.…”

“…For the most complex highlighting of the ways of analysis and capitalization of the cultural heritage, one of the most complex models currently used for this purpose was selected, namely: Community-Based Cultural Heritage Resources Management (COBACHREM). The selected case study is the central area of Ploieşti Municipality, which, although it has lost historical buildings over time [3], it concentrates within its limits a variety of historical monuments valued from a cultural point of view, representing symbols of history and local culture.…”

Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study

“…The multitude of valences associated with cultural heritage justifies, on the one hand, its tourist attractiveness, and, on the other hand, the complexity of analyzing its usage values [5,6,9,12,17,18,21,24,27] correlated with understanding the artistic significance of arts and culture and the value of cultural experience [35]. The economic evaluation of cultural heritage is performed using nonmarket valuation techniques that can be classified into two categories: revealed preference methods based on observed behaviors (transport cost method, hedonic price method) and stated preference methods (contingent valuation method).…”

“…The importance of the built heritage is associated, on the one hand, with a varied typology, but, on the other, with the multiple values that it incorporates (historical, architectural, artistic, aesthetic, social, authenticity, symbolic, cultural, and scientific) [1][2][3][4][5][6][7][8][9][10][11][12][13]. These values justify the need for cultural heritage to be preserved properly and reused [12][13][14][15][16][17] to ensure a sustainable development that means cultural heritage can be passed on to future generations [12].…”

“…These values justify the need for cultural heritage to be preserved properly and reused [12][13][14][15][16][17] to ensure a sustainable development that means cultural heritage can be passed on to future generations [12]. At the same time, heritage buildings have an economic value [3][4][5][6]9,[11][12][13][14][15][16][17][18][19][20][21][22] due to the fact that they have multiple possibilities for adaptive reuse [3,6,12]: for hosting various economic activities (hotels, restaurants, offices, shops, etc.) [1,6,23,24].…”