Culture based development: measuring an invisible resource using the PLS-PM method

Annie Tubadji and Frank Pelzel

International Journal of Social Economics, 2015, vol. 42, issue 12, 1050-1070

Abstract: Purpose - – The purpose of this paper is to conduct an in-depth exploratory test of the innovative culture-based development (CBD) concept and to evaluate its potential for empirical research. Design/methodology/approach - – The authors use the partial least squares path modelling (PLS-PM) method to look closely at the latently present factor culture and investigate its various possible relationships with the rest of the sub-components of socio-economic development. The authors estimate two alternative specifications of the CBD model, with regional data for Germany in 2006. Findings - – The main finding is that according to the PLS-PM quality criteria, the CBD model is a suitable approach for measuring the cultural impact on regional level. The expected sign of the cultural effect suggested by the CBD concept is also confirmed by the results. Originality/value - – The authors identify interesting potential bottlenecks in applying the CBD concept incorrectly and demonstrate the PLS-PM potential to control for them.

Keywords: Cultural capital; PLS-PM; Regional development; CBD (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:42:y:2015:i:12:p:1050-1070

DOI: 10.1108/IJSE-01-2014-0005

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