How Does a City Benefit from Culture? Evidence from Milan
32 Pages Posted: 9 May 2016
Date Written: May 6, 2016
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
JEL Classification: R11, R12, R23
Suggested Citation: Suggested Citation