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

Tubadji, Annie; Pelzel, Frank

Authors

Frank Pelzel



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
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
Institution Citation Tubadji, A., & Pelzel, F. (2015). Culture based development: Measuring an invisible resource using the PLS-PM method. International Journal of Social Economics, 42(12), 1050-1070. https://doi.org/10.1108/IJSE-01-2014-0005
DOI https://doi.org/10.1108/IJSE-01-2014-0005
Keywords s cultural capital, PLS-PM, regional development, CBD
Publisher URL https://doi.org/10.1108/IJSE-01-2014-0005