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How Does a City Benefit from Culture? Evidence from Milan

Listed author(s):
  • Riccardo, Borgoni
  • Alessandra, Michelangeli
  • Nicola, Pontarollo

Cultural amenities are the expression of a cultural environment, given by a combination of aesthetics factors, styles, rhythms, behaviours, which contribute to make vibrant and more enjoyable a neighbourhood. Within the theoretical framework of the hedonic approach, we propose an empirical strategy to capture the multiple effects of cultural amenities. The results are used to determine whether cultural amenities are optimally provided by the municipality of Milan. It turns out that government should devote far more resources to culture.

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File URL: http://dems.unimib.it/repec/pdf/mibwpaper335.pdf
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Paper provided by University of Milano-Bicocca, Department of Economics in its series Working Papers with number 335.

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Length: 32
Date of creation: 16 May 2016
Date of revision: 16 May 2016
Handle: RePEc:mib:wpaper:335
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  7. Andrés Rodríguez-Pose & Edna M. Villarreal Peralta, 2015. "Innovation and Regional Growth in Mexico: 2000–2010," Growth and Change, Wiley Blackwell, vol. 46(2), pages 172-195, 06.
  8. Walter Santagata, 2002. "Cultural Districts, Property Rights and Sustainable Economic Growth," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 26(1), pages 9-23, 03.
  9. Francesco Andreoli & Alessandra Michelangeli, 2014. "Welfare Measures to Assess Urban Quality of Life," Working Papers 278, University of Milano-Bicocca, Department of Economics, revised Jun 2014.
  10. 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.
  11. Gelfand, Alan E. & Banerjee, Sudipto & Sirmans, C.F. & Tu, Yong & Eng Ong, Seow, 2007. "Multilevel modeling using spatial processes: Application to the Singapore housing market," Computational Statistics & Data Analysis, Elsevier, vol. 51(7), pages 3567-3579, April.
  12. Liv Osland, 2010. "Spatial variation in job accessibility and gender: an intraregional analysis using hedonic house-price estimation," Environment and Planning A, Pion Ltd, London, vol. 42(9), pages 2220-2237, September.
  13. Goodman, Allen C. & Thibodeau, Thomas G., 1998. "Housing Market Segmentation," Journal of Housing Economics, Elsevier, vol. 7(2), pages 121-143, June.
  14. Liv Osland, 2010. "Spatial Variation in Job Accessibility and Gender: An Intraregional Analysis using Hedonic House-Price Estimation," Environment and Planning A, , vol. 42(9), pages 2220-2237, September.
  15. Gyourko, Joseph & Kahn, Matthew & Tracy, Joseph, 1999. "Quality of life and environmental comparisons," Handbook of Regional and Urban Economics,in: P. C. Cheshire & E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 3, chapter 37, pages 1413-1454 Elsevier.
  16. Scott Orford, 2000. "Modelling Spatial Structures in Local Housing Market Dynamics: A Multilevel Perspective," Urban Studies, Urban Studies Journal Limited, vol. 37(9), pages 1643-1671, August.
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