| Title |
Assessing the causal impact of culture on socio-economic variables in European countries / |
| Authors |
Mažeikaitė, Kristina |
| DOI |
10.1177/02601079241232775 |
| Full Text |
|
| Is Part of |
Journal of interdisciplinary economics.. New Delhi : SAGE Publications. 2024, Early Access, p. [1-20].. ISSN 0260-1079. eISSN 2321-5305 |
| Keywords [eng] |
cultural economy ; research methods for cultural studies ; cultural capital ; economics & development studies ; Granger causality ; panel VAR |
| Abstract [eng] |
Despite the growing attention to the impact of culture on socio-economic indicators, there is a lack of causality evidence. Scholars have noted that cultural values or norms, as well as, a vibrant cultural environment can have a positive impact on GDP growth, labour productivity, the attraction of human capital and the improvement of human well-being. However, the issue of endogeneity is not thoroughly debated. Not only can culture impact economic development, but socio-economic environment also affects the cultural indicators. Therefore, it is essential to identify the causal effects of culture. This article aims to assess whether culture has a causal impact on socio-economic variables. The Granger procedure is utilised to evaluate causal relationships, describing the cultural environment with a comprehensive set of 45 cultural indicators across 30 European countries. This enables the comparison of the relationship between culture and socio-economic variables using the same method across different countries. Additionally, cultural indices are constructed. The research is extended by employing a panel vector autoregression (VAR) model. The key finding of this article demonstrates a causal impact of culture on socio-economic indicators, confirmed by both the Granger procedure and panel VAR estimations. |
| Published |
New Delhi : SAGE Publications |
| Type |
Journal article |
| Language |
English |
| Publication date |
2024 |
| CC license |
|
