IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2019i90p195-225.html
   My bibliography  Save this article

Valuing the economic and social impact of the Carnival of Blacks and Whites of Pasto, Colombia

Author

Listed:
  • Mario Eduardo Hidalgo Villota

    (Universidad de Nariño)

Abstract

The Carnival of Blacks and Whites held in the city of Pasto, Colombia, was inscribed by UNESCO on the Representative List of the Intangible Cultural Heritage of Humanity in 2009. The objective of this article is to evaluate the economic and social impact of this carnival using data from the 2017 version. To this end, some of the analytical tools of the economics of culture are used, such as the methods of input-output analysis, cost-benefit analysis, the contingent valuation method and matrices of qualitative assessment. Use of these analytical tools allow concluding that this carnival is profitable both economically and socially because it expands the local productive capacity, generates material wealth, creates new jobs and increases investment.

Suggested Citation

  • Mario Eduardo Hidalgo Villota, 2019. "Valuing the economic and social impact of the Carnival of Blacks and Whites of Pasto, Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 90, pages 195-225, Enero - J.
    • Handle: RePEc:lde:journl:y:2019:i:90:p:195-225
    DOI: 10.17533/udea.le.n90a07
    as

    Download full text from publisher

    File URL: http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/336850
    Download Restriction: no
    File URL: https://libkey.io/10.17533/udea.le.n90a07?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Devesa Fernández, María & Herrero Prieto, Luis César & Sanz Lara, José Ángel, 2009. "Análisis económico de la demanda de un festival cultural/," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 27, pages 139-160, Abril.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jose A Bermudez Trivino & Lina M Medina Hurtado & Luis Fernando Aguado Quintero, 2015. "Analyzing the decision to listen to recorded music. A microeconometric approach," Working Papers 3, Faculty of Economics and Management, Pontificia Universidad Javeriana Cali.
    2. Javier García-Enríquez & Cruz A. Echevarría, 2018. "Demand for culture in Spain and the 2012 VAT rise," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 42(3), pages 469-506, August.
    3. Andrey David Ramos Ramírez & Nora Elena Espinal Monsalve, 2020. "Aplicación de modelos de elección discreta regularizados para el análisis de los determinantes del consumo cultural en Colombia: el caso de los bienes del patrimonio cultural [Aplicação de modelos reg," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 30(1), pages 37-68, January-A.
    4. María Palma & Luis Palma & Luis Aguado, 2013. "Determinants of cultural and popular celebration attendance: the case study of Seville Spring Fiestas," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 37(1), pages 87-107, February.
    5. Luis César Herrero & José ángel Sanz & María Devesa, 2011. "Measuring the Economic Value and Social Viability of a Cultural Festival as a Tourism Prototype," Tourism Economics, , vol. 17(3), pages 639-653, June.
    6. Luisa Fernanda Bernat & Jhon James Mora & Blanca Zuluaga, 2012. "La elasticidad ingreso del consumo cultural en Cali," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 14(27), pages 165-192, July-Dece.
    7. Muñiz, Cristina & Rodríguez, Plácido & Suárez, María J., 2014. "Sports and cultural habits by gender: An application using count data models," Economic Modelling, Elsevier, vol. 36(C), pages 288-297.
    8. Hidalgo Villota, Mario Eduardo, 2019. "Valoración del impacto económico y social del Carnaval de Negros y Blancos de Pasto, Colombia," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 90, pages 195-225, January.
    9. Andrea Báez-Montenegro & María Devesa-Fernández, 2017. "Motivation, satisfaction and loyalty in the case of a film festival: differences between local and non-local participants," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 173-195, May.
    10. Escalona Orcao, Ana Isabel & Sáez Pérez, Luis Antonio & Sánchez-Valverde García, Belén, 2017. "Patterns and drivers of cultural economy in Spain’s extra-metropolitan small towns," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 38, pages 27-45.

    More about this item

    Keywords

    Carnival of Blacks and Whites of Pasto; cost-benefit analysis; economics of culture; cultural public goods;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Z10 - Other Special Topics - - Cultural Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2019:i:90:p:195-225. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: https://edirc.repec.org/data/deantco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.