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Cultural Capital and Local Development Nexus: Does the Local Environment Matter?

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Socioeconomic Environmental Policies and Evaluations in Regional Science

Part of the book series: New Frontiers in Regional Science: Asian Perspectives ((NFRSASIPER,volume 24))

Abstract

This chapter discusses the relationship between cultural capital and regional development. Our idea is that the culture/development nexus is mediated by the endowment of social, ethical, and behavioral values of places. Adopting an approach in which culture is shaped and defined by the socioeconomic elements present in an area, this work develops an operational definition of cultural capital and an empirical analysis pointing out that the cultural elements considered in the literature (heritage and the cultural industry) are not place-neutral. Instead, their economic effects arise only when they are embedded in particular cultural environments.

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Notes

  1. 1.

    This part of the empirical analysis made use of model-based clustering, where data are assumed to originate from a mixture of probability distributions (Fraley and Raftery 2002). The main advantage of model clustering is that it makes it possible to test several parameterizations with a variety of distributions (spherical, diagonal, and ellipsoidal) with variable shape and volume.

  2. 2.

    The results were obtained through an analysis of variance based on Bonferroni, Scheffe, and Sidak (Savin 1980) multiple comparison tests, performed in order to show the main differences across clusters.

  3. 3.

    Nevertheless, as a consistency check of our findings, the same analysis has been conducted on the ARIMA estimates of regional GDP growth between 2004 and 2011, following the same approach as adopted by Capello and Lenzi (2015). The results were consistent with the findings reported here.

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Authors and Affiliations

  1. Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Piazza Leonardo da Vinci 32, 20133, Milano, Italy

    Roberta Capello & Giovanni Perucca

Authors
  1. Roberta Capello
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  2. Giovanni Perucca
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Correspondence to Giovanni Perucca .

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Editors and Affiliations

  1. Toyohashi University of Technology, Toyohashi, Aichi, Japan

    Hiroyuki Shibusawa

  2. Rissho University , Shinagawa-ku, Tokyo, Japan

    Katsuhiro Sakurai

  3. University of Tsukuba, Tsukuba, Ibaraki, Japan

    Takeshi Mizunoya

  4. College of Agriculture, Ibaraki University, Inashiki, Ibaraki, Japan

    Susumu Uchida

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Capello, R., Perucca, G. (2017). Cultural Capital and Local Development Nexus: Does the Local Environment Matter?. In: Shibusawa, H., Sakurai, K., Mizunoya, T., Uchida, S. (eds) Socioeconomic Environmental Policies and Evaluations in Regional Science. New Frontiers in Regional Science: Asian Perspectives, vol 24. Springer, Singapore. https://doi.org/10.1007/978-981-10-0099-7_6

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  • DOI: https://doi.org/10.1007/978-981-10-0099-7_6

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