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Culture‐based development: empirical evidence for Germany / Annie, Tubadji

International Journal of Social Economics, Volume: 39, Issue: 9, Pages: 690 - 703

Swansea University Author: Annie, Tubadji

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Abstract

Purpose– The purpose of this paper is to provide a comprehensive concept for the role of culture in economic growth.Design/methodology/approach– The paper overviews the culture based development (CBD) concept and its precise definition of culture as an encompassing socio‐economic factor. The outline...

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Published in: International Journal of Social Economics
ISSN: 0306-8293
Published: 2012
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URI: https://cronfa.swan.ac.uk/Record/cronfa52003
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Abstract: Purpose– The purpose of this paper is to provide a comprehensive concept for the role of culture in economic growth.Design/methodology/approach– The paper overviews the culture based development (CBD) concept and its precise definition of culture as an encompassing socio‐economic factor. The outlined CBD mechanism of impact is expressed in a testable empirical model. Alternative approaches for operationalizing the CBD definition of cultural capital are suggested and a real data application on intra‐regional level (for German Kreise) is presented.Findings– The findings illustrate the ability of the CBD model to capture the statistical significance of culture.Originality/value– The paper demonstrates the two innovative elements of the CBD approach to culture: first, measuring culture with a factor variable as a better alternative to the mono‐dimensional variables inferred by the state of the art; and second, thus capturing the overall economic meaning of the cultural factor (not just one aspect of it) for local socio‐economic development.
Keywords: Germany, economic growth, national economy, culture, religion, local economies, resources
College: School of Management
Issue: 9
Start Page: 690
End Page: 703