IDEAS home Printed from https://ideas.repec.org/p/idb/wpaper/4739.html
   My bibliography  Save this paper

The importance of public resources in the quality of local life: The case of Manizales, Colombia

Author

Listed:
  • Liliana Velasquez

Abstract

This paper applies a method designed by the BID to monitor of urban quality based on the combination of two approaches: hedonic prices and lifestile satisfaction. This combination allows the assessment of local public resources from both the market point of view and that of profitability. Unlike other monitoring systems, this one focuses on few dimensions (those related to the occupancy of the urban surroundings) and offers valuable information for the design and prioritization of public policies. The results of the application of the method for the city of Manizales, Colombia, reveal that, although for some public resources the assessment carried out by the market is suitable, for others there is an additional assessment represented in the well-being passed on to the inhabitants and which the market does not manage to capture.

Suggested Citation

  • Liliana Velasquez, 2011. "The importance of public resources in the quality of local life: The case of Manizales, Colombia," Research Department Publications 4739, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4739
    as

    Download full text from publisher

    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=
    Download Restriction: no

    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:idb:wpaper:4739. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Felipe Herrera Library). General contact details of provider: http://edirc.repec.org/data/iadbbus.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.