Cultural Action and Regional Economic Development: An Audit in the Cameroonian Context

Marcel Dama dié ()
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Marcel Dama dié: ESSEC, University of Douala, Cameroon

Economics Bulletin, 2020, vol. 40, issue 1, 516-533

Abstract: This article highlights the cultural action's usefulness on Cameroonian regions' economic development. The implementation of a spatial econometric model based on cultural corporate data from the GCC (2009) yields the following findings: -A 1% increase in innovation spending on cultural activities in a given region leads to an increase of 1.213% of the region's added value. -A 1% increase in innovation spending by its neighbors increases its added value by 0.782%. -A 1% increase in a region's economic activity level increases its added value by 1.952%. -The increase in subsidies of a unit decreases its added value by 0.330%. Theoretical implications are also presented as well as future research avenues.

JEL-codes: O1 Z1 (search for similar items in EconPapers)
Date: 2020-02-15
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