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Abstract:
Heritage
is a valuable resource that can bring great and lasting benefits not only to a
locality but also to the nation and even to the world as well. However, in many
cases, the important role of the heritage is overlooked, not properly preserved
or exploited in an abusive manner, leading to unfortunate losses. Preserving
and promoting the value of the heritage should be based on the correlation of
the retional costs and benefits that the heritage could bring to the economy in
the long term. This is the nature of the heritage economics. This
article introduces basic theory of heritage economics, including: the important
position of heritage in the socio-economy; methods of measuring values,
mechanisms and principles to promote the optimal benefits of the heritage. How
to valuate, analyse the optimum cost for preservation, and to calculate the
carrying capacity of a heritage site would be key issues of policies for
preserving and and promoting the sustainable value of the heritage.
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