Template-type: ReDIF-Paper 1.0
Author-Name: Bertacchini, Enrico    
Author-Email: enrico.bertacchini@unito.it
Author-Name: Revelli, Federico  
Author-Email: federico.revelli@unito.it
Author-Name: Zotti, Roberto 
Author-Email: roberto.zotti@unito.it 
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Lord, how I want to be in that number! On the blessing of UNESCO World Heritage listing.
Abstract: This paper studies the impact of UNESCO World Heritage List (WHL) in-
scription on income and property values in the Italian municipalities that had
their sites inscribed during the past two decades. To address the selection bias
and identify the causal impact of inscription, we focus on sites included in the
national ‘tentative list’ (i.e., list of candidates for subsequent nomination) and
exploit the plausibly exogenous timing of inscription conditional upon entering
the list. The evidence from an event study analysis suggests that WHL list-
ing has a significant impact on the level and distribution of income. Possible
underlying mechanisms are discussed.
Length: pages 41
Creation-Date: 2023-03
File-URL: https://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2023dip/wp_04_2023.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:202304