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The Economics of Uniqueness

The Economics of Uniqueness

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In a world where half of the population lives in cities and more than 90 percent of urban growth is occurring in the developing world, cities struggle to modernize without completely losing their unique character, which is embodied by their historic cores and cultural heritage assets. As countries develop, cultural heritage can provide a crucial element of continuity and stability: the past can become a foundation for the future. This book collects innovative research papers authored by leading scholars and practitioners in heritage economics, and presents the most current knowledge on how heritage assets can serve as drivers of local economic development. What this book tries to suggest is a workable approach to explicitly take into account the cultural dimensions of urban regeneration in agglomerations that have a history and possess a unique character, going beyond an approach based solely on major cultural heritage assets or landmarks. The knowledge disseminated through this book will help stakeholders involved in preparation, implementation, and supervision of development investments to better assess the values of cultural heritage assets and incorporate them in urban development policies.

In a world where half of the population lives in cities and more than 90 percent of urban growth is occurring in the developing world, cities struggle to modernize without completely losing their unique character, which is embodied by their historic cores and cultural heritage assets. As countries develop, cultural heritage can provide a crucial element of continuity and stability: the past can become a foundation for the future. This book collects innovative research papers authored by leading scholars and practitioners in heritage economics, and presents the most current knowledge on how heritage assets can serve as drivers of local economic development. What this book tries to suggest is a workable approach to explicitly take into account the cultural dimensions of urban regeneration in agglomerations that have a history and possess a unique character, going beyond an approach based solely on major cultural heritage assets or landmarks. The knowledge disseminated through this book will help stakeholders involved in preparation, implementation, and supervision of development investments to better assess the values of cultural heritage assets and incorporate them in urban development policies.

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Publish date: Oct 1, 2012
Added to Scribd: Sep 27, 2012
Copyright:AttributionISBN:9780821396506

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02/05/2016

333

9780821396506

Variables

(1)
Growth

(2)
Growth

(3)

Growth

(4)
Growth

(5)

Growth

(6)
Growth

(7)
Growth

(8)

Growth

Tourism

0.015***0.015***0.016***0.017***0.017***0.022***0.022***0.022***

[0.005]

[0.005]

[0.005]

[0.005]

[0.005]

[0.005]

[0.005]

[0.006]

Income

–0.082

–0.081

–0.081

–0.082-0–0.079

–0.079

–0.078

–0.076

[0.070]

[0.070]

[0.070]

[0.070]

[0.070]

[0.071]

[0.071]

[0.071]

Education

0.156**0.156**

0.154*

0.152**0.15

0.150**

0.145**

0.145**

[0.067]

[0.067]

[0.067]

[0.067]

[0.067]

[0.067]

[0.067]

[0.067]

Distance

0.013***0.013***0.013***0.013***0.013***0.013***0.013***0.013***

[0.004]

[0.004]

[0.004]

[0.004]

[0.004]

[0.004]

[0.004]

[0.004]

Constant

–0.037

–0.038

–0.047

–0.054

–0.058

–0.064

–0.073

–0.090

[0.437]

[0.437]

[0.438]

[0.439]

[0.439]

[0.442]

[0.442]

[0.445]

Century cut-off point
for cultural sites

All

XX

XVIII

XV

XIII

X

V

V BC

Kleibergen-Paap rk
Wald F statistic

19.72

18.23

18.20

65.439

66.91

17.28

17.77

18.92

Stock-Yogo weak
ID test critical values
(10 percent maximal
IV size)

16.38

16.38

16.38

16.38

16.38

16.38

16.38

16.38

Stock-Yogo weak
ID test critical values
(15 percent maximal
IV size)

8.96

8.96

8.96

8.96

8.96

8.96

8.96

8.96

(continued next page)

UNESCO WORLD HERITAGE LIST, TOURISM, AND ECONOMIC GROWTH ■ 205

Stock-Yogo weak
ID test critical values
(20 percent maximal
IV size)

6.66

6.66

6.66

6.66

6.66

6.66

6.66

6.66

Observations

96

96

96

96

96

96

96

96

R-squared

0.205

0.204

0.196

0.1960

0.187

0.171

0.171

0.152

Robust standard errors in brackets.
*** p<0.01,** p<0.05, *p<0.1

Source: Authors.

TABLE 7.8 continued

Variables

(1)
Growth

(2)
Growth

(3)

Growth

(4)
Growth

(5)

Growth

(6)
Growth

(7)
Growth

(8)

Growth

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