Assessing the Economic Value of Cultural Heritage Site: A Case of the Kekayon Puppet Museum in Yogyakarta

Endah Saptutyningsih, Pandhu Nugroho Yoga Pamungkas

2019

Abstract

The main objective of this study is to estimate the economic value of a cultural heritage site, namely The Kekayon Puppet Museum (Museum Wayang Kekayon) in Yogyakarta, Indonesia. This study seeks to identify what factors affect the willingness to pay (WTP) for the Museum using Contingent Valuation Method. The data were gathered from a sample of visitors. The results indicate that the visitors contribute less in entrance fee of the Museum which indicated by average willingness to pay. The mean WTP value were IDR12,000 (USD 0.83). There are 81.39 percent of respondents willing to contribute as the mean WTP. This indicates that most of the visitors had a low contribution for the Museum. The maintenance of the Museum can thus be legitimized on the basis of the public's willingness-to-pay.

Paper Citation

in Harvard Style

Saptutyningsih E. and Pamungkas P. (2019). Assessing the Economic Value of Cultural Heritage Site: A Case of the Kekayon Puppet Museum in Yogyakarta.In Proceedings of the International Conference on Creative Economics, Tourism and Information Management - Volume 1: ICCETIM, ISBN 978-989-758-451-0, pages 230-234. DOI: 10.5220/0009867702300234

in Bibtex Style

@conference{iccetim19,
author={Endah Saptutyningsih and Pandhu Nugroho Yoga Pamungkas},
title={Assessing the Economic Value of Cultural Heritage Site: A Case of the Kekayon Puppet Museum in Yogyakarta},
booktitle={Proceedings of the International Conference on Creative Economics, Tourism and Information Management - Volume 1: ICCETIM,},
year={2019},
pages={230-234},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009867702300234},
isbn={978-989-758-451-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Creative Economics, Tourism and Information Management - Volume 1: ICCETIM,
TI - Assessing the Economic Value of Cultural Heritage Site: A Case of the Kekayon Puppet Museum in Yogyakarta
SN - 978-989-758-451-0
AU - Saptutyningsih E.
AU - Pamungkas P.
PY - 2019
SP - 230
EP - 234
DO - 10.5220/0009867702300234