How Does a City Benefit from Culture? Evidence from Milan

Riccardo Borgoni, Alessandra Michelangeli and Nicola Pontarollo

No 335, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: 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.

Keywords: culture; city; hedonic approach; multilevel models (search for similar items in EconPapers)
JEL-codes: R11 R12 R23 (search for similar items in EconPapers)
Pages: 32
Date: 2016-05-16, Revised 2016-05-16
New Economics Papers: this item is included in nep-cul, nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:mib:wpaper:335

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