Human capital, cultural values and economic performance in European regions
Bibliographic Data
| ID | 7997632 |
|---|---|
| Authors | Mikko Weckroth (0000-0002-1697-2125, University of Helsinki, corresponding author), Teemu Kemppainen (0000-0002-0450-4439, University of Helsinki) |
| Year | 2016 |
| Volume | 3 |
| Issue | 1 |
| Pages | 239-257 |
| Publication date | 2016-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Regional Studies Regional Science (JOURNAL) |
| Journal identifiers | ISSN: 2168-1376 • E-ISSN: 2168-1376 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/21681376.2016.1177467 |
| OpenAlex | W2345951536 |
| Language | EN |
| Citations received | 14 |
| References cited | 45 |
This study examines the cross-sectional association of three value orientations (self-direction, achievement and power) and level of gross domestic product (GDP) in 289 NUTS regions. Regional value aggregates, drawn from Schwartz’s Human Value Scale included in the European Social Survey, are taken to indicate value-based human capital. Regression analysis shows that self-direction, indicating independent thought, action and creativity, is a strong predictor for regional GDP after controlling for standard control variables and spatial autocorrelation. Additionally, analysis implements welfare regimes as indicators of larger socio-historic frames and finds significant geographical variations within these frames regarding the relationship between prevailing value climate and level of economic performance. The study contrasts perspectives from economic geography and cultural studies to the literature on alternative definitions and measures for human capital and argues that a synthesis of these perspectives can enrich one’s understanding of the economic geography in Europe
Classical economics · Econometrics · Economic geography · Economic growth · Economics · Geography · Gross domestic product · Human capital · Statistics · Value (mathematics · Welfare · Cultural Industries and Urban Development · Mathematics · Regional resilience and development · Social and Cultural Dynamics
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Education or Creativity
Agency, Values, and Well-Being
| Unique citing works | 14 |
|---|---|
| Citations per year | 1,75 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 14 |