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How Can Street Art Have Economic Value?

Author

Listed:
  • Fabiana Forte

    (Department of Architecture and Industrial Design, University of Campania “Luigi Vanvitelli”, Via San Lorenzo ad Septimum, 81031 Aversa, Italy)

  • Pierfrancesco De Paola

    (Department of Industrial Engineering, University of Naples “Federico II”, Piazzale Vincenzo Tecchio 80, 80125 Naples, Italy)

Abstract

The following paper analyzes the phenomenon of Street Art with particular attention to the increasing correlation between practices of Street Art and socio-economic dynamics. From the perspective of recognizing a possible formulation of the economic value of Street Art, the paper aims to describe the impacts which Street Art is having in some urban contexts, where the regeneration processes have found in this new form of “re-signification” an innovative modality of intervention. Some impacts have economic nature (direct, indirect or inducted), others are only social and cultural. Starting from an overview concerning the impacts of Street Art on the property market in several urban contexts, a first evaluation of what is happening in some neighborhoods of the metropolitan city of Naples is presented.

Suggested Citation

  • Fabiana Forte & Pierfrancesco De Paola, 2019. "How Can Street Art Have Economic Value?," Sustainability, MDPI, vol. 11(3), pages 1-11, January.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:3:p:580-:d:200021
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    References listed on IDEAS

    as
    1. Vincenzo Del Giudice & Pierfrancesco De Paola & Benedetto Manganelli & Fabiana Forte, 2017. "The Monetary Valuation of Environmental Externalities through the Analysis of Real Estate Prices," Sustainability, MDPI, vol. 9(2), pages 1-16, February.
    2. Stuart Cameron & Jon Coaffee, 2005. "Art, Gentrification and Regeneration -- From Artist as Pioneer to Public Arts," European Journal of Housing Policy, Taylor and Francis Journals, vol. 5(1), pages 39-58, April.
    3. Fabiana Forte & Luigi Fusco Girard, 2009. "Creativity and new architectural assets: the complex value of beauty," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 12(2/3/4), pages 160-191.
    4. Carl Grodach & Nicole Foster & James Murdoch, 2014. "Gentrification and the Artistic Dividend: The Role of the Arts in Neighborhood Change," Journal of the American Planning Association, Taylor & Francis Journals, vol. 80(1), pages 21-35, January.
    5. Stuart Cameron & Jon Coaffee, 2005. "Art, Gentrification and Regeneration - From Artist as Pioneer to Public Arts," International Journal of Housing Policy, Taylor & Francis Journals, vol. 5(1), pages 39-58.
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    Cited by:

    1. Marco Boffi & Nicola Rainisio & Paolo Inghilleri, 2023. "Nurturing Cultural Heritages and Place Attachment through Street Art—A Longitudinal Psycho-Social Analysis of a Neighborhood Renewal Process," Sustainability, MDPI, vol. 15(13), pages 1-17, July.
    2. Ludovico Centis & Ezio Micelli, 2021. "Regenerating Places outside the Metropolis. A Reading of Three Global Art-Related Processes and Development Trajectories," Sustainability, MDPI, vol. 13(22), pages 1-23, November.
    3. María José Piñeira Mantiñán & Francisco R. Durán Villa & Ramón López Rodríguez, 2020. "Citizen Action as a Driving Force of Change. The Meninas of Canido, Art in the Street as an Urban Dynamizer," Sustainability, MDPI, vol. 12(2), pages 1-22, January.
    4. Andreea-Loreta Cercleux, 2021. "Street Art Participation in Increasing Investments in the City Center of Bucharest, a Paradox or Not?," Sustainability, MDPI, vol. 13(24), pages 1-22, December.

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