TY - JOUR KW - cost-benefit analysis KW - Carnival of Blacks KW - Cost-benefit analysis KW - Cultural public goods KW - Economics of culture KW - Whites of Pasto KW - economía de la cultura KW - análisis de costo-beneficio KW - analyse coûts-avantages KW - bienes culturales KW - biens culturels KW - Carnaval de Negros y Blancos de Pasto KW - Carnaval des Noirs et Blancs KW - Carnival of Blacks and Whites of Pasto KW - cultural public goods KW - economics of culture KW - économie de la culture AU - Mario Hidalgo AB - The Carnival of Blacks and Whites held in the city of Pasto, Colombia, was inscribed by UNESCO on the Representative List of the Intangible Cultural Heritage of Humanity in 2009. The objective of this article is to evaluate the economic and social impact of this carnival using data from the 2017 version. To this end, some of the analytical tools of the economics of culture are used, such as the methods of input-output analysis, cost-benefit analysis, the contingent valuation method and matrices of qualitative assessment. Use of these analytical tools allow concluding that this carnival is profitable both economically and socially because it expands the local productive capacity, generates material wealth, creates new jobs and increases investment. BT - Lecturas de Economía DO - 10.17533/udea.le.n90a07 LA - Spanish M1 - 90 N1 - Publisher: Universidad de Antioquia N2 - The Carnival of Blacks and Whites held in the city of Pasto, Colombia, was inscribed by UNESCO on the Representative List of the Intangible Cultural Heritage of Humanity in 2009. The objective of this article is to evaluate the economic and social impact of this carnival using data from the 2017 version. To this end, some of the analytical tools of the economics of culture are used, such as the methods of input-output analysis, cost-benefit analysis, the contingent valuation method and matrices of qualitative assessment. Use of these analytical tools allow concluding that this carnival is profitable both economically and socially because it expands the local productive capacity, generates material wealth, creates new jobs and increases investment. PY - 2019 SP - 195 EP - 225 T2 - Lecturas de Economía TI - Valuing the economic and social impact of the Carnival of Blacks and Whites of Pasto, Colombia UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85059271012&doi=10.17533%2fudea.le.n90a07&partnerID=40&md5=7adb9ccb3972da2b80693b2625ddd33b SN - 01202596 (ISSN) ER -