RT Journal Article
T1 Approximation of the Value of an Asset Inscribed on the List of Intangible Cultural Heritage of UNESCO: Estimation of a Hedonic Price Model for the Fiesta of the Patios in Cordoba
A1 García del Hoyo, Juan José
A1 Jiménez de Madariaga, Celeste
A1 Castilla Espino, David
AB The city of Cordoba (Spain) stands out due to the fact that it has different inscriptions both in the List of World Heritage Sites and the List of Intangible Cultural Heritage (LICH) of UNESCO. In 2012 the Fiesta of the Patios was inscribed on the LICH. Currently, this event held during two weeks in May involves visits by the public to traditional dwellings. This event is becoming a magnet for tourists from outside the city and has established itself as a further tourist attraction, with the risk that it may lose part of its authenticity. This paper aims to use the hedonic price methodology to examine the externalities deriving from the “Fiesta” in order to verify whether the possible benefits/disadvantages of its existence are capitalised in real estate prices and quantify these effects. The results indicate that the “Fiesta” constitutes an added value for housing properties.
PB Alexandru Ioan Cuza University Press
SN 2501-1960
SN 2501-3165 (electrónico)
YR 2019
FD 2019
LK https://hdl.handle.net/10272/23618
UL https://hdl.handle.net/10272/23618
LA eng
NO García del Hoyo, J. J., Jiménez de Madariaga, C., & Castilla Espino, D. (2019). Approximation of the Value of an Asset Inscribed on the List of Intangible Cultural Heritage of UNESCO: Estimation of a Hedonic Price Model for the Fiesta of the Patios in Cordoba. Scientific Annals of Economics and Business, 66(Special issue - dedicated to the VIII Wo), 5–23. https://doi.org/10.47743/saeb-2019-0020
NO This paper has been financed by the research project “Intangible Cultural Heritage of Humanity: Heritage Promotion, Management and Good Practices” (CSO2016-77413-P) of the State Plan for Scientific and Technical Innovation and Research 2013-2016, financed by the State Research Agency (AEI) and the European Regional Development Fund (ERDF).
DS Repositorio Institucional de la Universidad de Huelva
RD 13 jun 2026