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Impact of intangible cultural capital on regional economic development: A study on culture-based development in Greece

Tubadji, Annie; Nijkamp, Peter

Authors

Annie Tubadji

Peter Nijkamp



Abstract

The main aim of the paper is to explore the nature and consequences of intangible cultural capital, i.e., the local 'milieu' comprising inter alia attitudes and preferences, for the case study of Greece, 2002-2009. To pursue this study empirically, we combine basic economic and social indicators from two main sources: the EUROSTAT Regional Database and the European Social Survey (ESS). Employing a three-stage least squares (3SLS) model for both a normal and a pooled cross-sectional data set, we find that local cultural factors play an important role in the emergence and existence of spatial economic disparities in Greece. Most interestingly, among all the approximations of intangible cultural capital examined, the historical cultural variable appeared to show the most consistent results throughout all specifications. This suggests the existence of cultural persistence traits in local economic development in Greece, a phenomenon which merits further investigation.

Citation

Tubadji, A., & Nijkamp, P. (2016). Impact of intangible cultural capital on regional economic development: A study on culture-based development in Greece. Journal of Regional Analysis and Policy, 46(1), 1-21

Journal Article Type Article
Acceptance Date Jun 1, 2016
Publication Date Jun 1, 2016
Journal Journal of Regional Analysis & Policy
Print ISSN 1090-4999
Peer Reviewed Peer Reviewed
Volume 46
Issue 1
Pages 1-21
Keywords cultural capital, intangible resources, Greece
Public URL https://uwe-repository.worktribe.com/output/911230
Publisher URL http://www.jrap-journal.org/pastvolumes/2010/v46/index461.html
Related Public URLs https://www.questia.com/library/journal/1P3-4201425951/impact-of-intangible-cultural-capital-on-regional


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