Does the housing market reflect cultural heritage? A case study of Greater Dublin
AbstractDoes the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.
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Bibliographic InfoPaper provided by University of Stirling, Division of Economics in its series Stirling Economics Discussion Papers with number 2011-07.
Date of creation: May 2011
Date of revision:
Contact details of provider:
Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
Phone: +44 (0)1786 467473
Fax: +44 (0)1786 467469
Web page: http://www.econ.stir.ac.uk/
More information through EDIRC
non-market valuation; hedonic price; hedonic regression; cultural heritage; cultural economics;
Other versions of this item:
- Mirko Moro & Karen Mayor & Seán Lyons & Richard S J Tol, 2013. "Does the housing market reflect cultural heritage? A case study of Greater Dublin," Environment and Planning A, Pion Ltd, London, vol. 45(12), pages 2884-2903, December.
- Moro, Mirko & Mayor, Karen & Lyons, Seán & Tol, Richard S. J., 2011. "Does the housing market reflect cultural heritage? A case study of Greater Dublin," Papers WP386, Economic and Social Research Institute (ESRI).
- NEP-ALL-2011-05-14 (All new papers)
- NEP-CUL-2011-05-14 (Cultural Economics)
- NEP-EUR-2011-05-14 (Microeconomic European Issues)
- NEP-TUR-2011-05-14 (Tourism Economics)
- NEP-URE-2011-05-14 (Urban & Real Estate Economics)
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