Abstract
This study is to estimate the fluctuation of economic value through the change of historic landscape of Geongju Historic Areas using the Contingent Valuation Method. Two investigations, at 2011 and 2019, were implemented on the site. In comparison with 2011, the landscape of site was improved by restoration. The Hicksian compensating variations were estimated using Hanemann''s methods as a Non-market value. Some variables were found significant in the derived models such as the concern for heritage, knowledge for the historic areas, satisfaction, re-visiting opinion, age, marriage, job, income, educational level in the both models. The derived amount of willingness to pay price for the historic landscape was 3,868 Korean Won, per visiting, as a non-market value at 2011. In addition, the WTP was 4,083 Korean Won at 2019. During 8years, the WTP amount was increased through the change of landscape.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
