Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/18895
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Does the housing market reflect cultural heritage? A case study of Greater Dublin
Authors: Moro, Mirko
Mayor, Karen
Lyons, Sean
Tol, Richard S J
Contact Email: mirko.moro@stir.ac.uk
Keywords: cultural economics
cultural heritage
hedonic price
hedonic regression
nonmarket valuation
Ireland
Issue Date: Dec-2013
Publisher: Pion
Citation: Moro M, Mayor K, Lyons S & Tol RSJ (2013) Does the housing market reflect cultural heritage? A case study of Greater Dublin, Environment and Planning A, 45 (12), pp. 2884-2903.
Abstract: Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to, and density of, cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. We use a very rich dataset of housing and neighbourhood characteristics and include 104 location-fixed effects, which represent very small areas, ensuring the identification of the price effects on similar houses in similar areas. Our results show that some types of cultural heritage sites, such as historic buildings, memorials, and Martello towers, provide positive spillovers to property prices while archaeological sites seem to be a negative amenity. We interpret these premiums (or lack thereof) as capturing aesthetic beauty.
Type: Journal Article
URI: http://hdl.handle.net/1893/18895
DOI Link: http://dx.doi.org/10.1068/a45524
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
Trinity College, Dublin
Trinity College, Dublin
Trinity College, Dublin

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