Abstract
This study attempts to quantify the value of the Changgyonggung - Jogmyo Shrine severed road restoration project. Through this study, the importance of the Changgyonggung - Jogmyo Shirine servered road restoration project is expected to be more clarified. This study applies the contingent valuation method. According to estimating results, annually WTP per household is 1,314 Korean won. Consequently, the annual benefit of the Changgyonggung(palace) - Jogmyo Shrine severed road restoration project is about 110.6 billion Korean won. This study can provide policy-makers with useful methodological framework and quantitative information in the decision-making process related to the policy of cultural heritage project.
| Translated title of the contribution | Economic Value Analysis of the Changgyeonggung(palace) - Jongmyo Shrine Severed Road Restoration Project |
|---|---|
| Original language | Korean |
| Pages (from-to) | 17-28 |
| Number of pages | 12 |
| Journal | 서울도시연구 |
| Volume | 15 |
| Issue number | 2 |
| DOIs | |
| State | Published - Jun 2014 |