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

Tubadji, Annie; Pelzel, Frank

Abstract

© Emerald Group Publishing Limited. 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.

• Journal Article Type: Article
• Acceptance Date: Aug 1, 2015
• Online Publication Date: Nov 23, 2015
• Publication Date: Jan 1, 2015
• Journal: International Journal of Social Economics
• Print ISSN: 0306-8293
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• Volume: 42
• Issue: 12
• Pages: 1050-1070
• DOI: https://doi.org/10.1108/IJSE-01-2014-0005
• Keywords: s cultural capital, PLS-PM, regional development, CBD
• Public URL: https://uwe-repository.worktribe.com/output/802278
• Publisher URL: https://doi.org/10.1108/IJSE-01-2014-0005