nep-tur New Economics Papers
on Tourism Economics
Issue of 2009‒07‒28
two papers chosen by
Antonello Scorcu
University of Bologna

  1. Making World Heritage Truly Global: The Culture Certificate Scheme By Bruno S. Frey; Paolo Pamini
  2. Mapping of Forest Biodiversity Values: A Plural Perspective By Paulo A.L.D. Nunes; Elena Ojea; Maria Loureiro

  1. By: Bruno S. Frey; Paolo Pamini
    Abstract: Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.
    Keywords: Global public good; World Heritage; Cultural Certificates; Monuments; UNESCO
    JEL: Z11 D6 F5 H87
    Date: 2009–06
  2. By: Paulo A.L.D. Nunes (Venice International University and Fondazione Eni Enrico Mattei); Elena Ojea (IDEGA-Universidade de Santiago de Compostela); Maria Loureiro (Universidade de Santiago de Compostela)
    Abstract: The Millennium Ecosystem Assessment is built on a conceptual framework that links biodiversity to the services ecosystems provide to society. Based on this framework, we first compile market and non-market forest valuation studies and, secondly, explore the potential of an econometric modeling exercise by conducting a world wide meta-analysis. This exercise aims to highlight the mapping of biodiversity indicators and assesses their respective role on the valuation exercise. Our results show that biodiversity loss is having an effect on forest ecosystem values. In addition, these effects reveal to be dependent on the type of services and global geo-climatic regions.
    Keywords: Millennium Ecosystems Approach, Biodiversity Loss, Meta-Analysis, Market Valuation, Non-Market Valuation, Forests
    JEL: Q57
    Date: 2009–01

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