Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/3002
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
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
Citation: Moro M, Mayor K, Lyons S & Tol RSJ (2011) Does the housing market reflect cultural heritage? A case study of Greater Dublin. Stirling Economics Discussion Paper, 2011-07.
Keywords: cultural economics
cultural heritage
hedonic regression
hedonic price
non-market valuation
JEL Code(s): Housing Prices Dublin (Ireland) Evaluation
Historic sites Economic aspects Dublin (Ireland)
Human geography Dublin (Ireland)
Issue Date: May-2011
Series/Report no.: Stirling Economics Discussion Paper, 2011-07
Abstract: Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/3002
Affiliation: Economics
Trinity College, Dublin
Trinity College, Dublin
Trinity College, Dublin

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