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Deep-Rooted Culture and Economic Development: Taking the Seven Deadly Sins to Build A Well-Being Composite Indicator

Author

Listed:
  • Luis Cesar Herrero-Prieto

    (Department of Applied Economics, University of Valladolid)

  • Ivan Boal-San Miguel

    (Department of Applied Economics, University of Valladolid)

  • Mafalda Mafalda Gomez-Vega

    (Department of Applied Economics, University of Valladolid)

Abstract

This work involves undertaking a reappraisal of the Seven Deadly Sins in order to construct synthetic indicators of well-being aimed at measuring spatial economic disparities and their link to economic development. The Seven Deadly Sins constitute a way of describing vices vis-à -vis Christian moral education. Yet they might also be viewed as general norms of social behaviour and interpreted today as notions related to the concept of well-being. For example, the level of concentration of wealth (greed), sustainability of resources (gluttony), safety index (wrath), problems adapting to the labour market or workplace absenteeism (sloth), etc. The Seven Deadly Sins have also yielded emblematic examples of artistic iconography and cultural production. How they are perceived and expressed may also differ depending on each group’s cultural idiosyncrasy, in the sense of a series of beliefs and attitudes forged over the centuries. Based on these premises, the current work first seeks to compile variables that reflect each conceptual dimension so as to later construct a synthetic indicator of well-being with territorial disaggregation. This enables us to explore spatial disparities and the extent to which they relate to economic development. This is applied to a group of countries in the European Union with NUTS 2 territorial disaggregation (regions). The sources of information are basically Eurostat. The method involves applying Data Envelopment Analysis to construct the synthetic indicator, and spatial econometrics to pinpoint spatial dependence effects.

Suggested Citation

  • Luis Cesar Herrero-Prieto & Ivan Boal-San Miguel & Mafalda Mafalda Gomez-Vega, 2018. "Deep-Rooted Culture and Economic Development: Taking the Seven Deadly Sins to Build A Well-Being Composite Indicator," ACEI Working Paper Series AWP-04-2018, Association for Cultural Economics International, revised Jul 2018.
    • Handle: RePEc:cue:wpaper:awp-04-2018
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    Cited by:

    1. Iván Boal-San Miguel & Luis César Herrero-Prieto, 2020. "Reliability of Creative Composite Indicators with Territorial Specification in the EU," Sustainability, MDPI, vol. 12(8), pages 1-27, April.
    2. Qi Guo & Aurea Grané & Irene Albarrán, 2023. "A Global Indicator to Track Well-Being in the Silver and Golden Age," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(3), pages 1057-1086, October.

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    More about this item

    Keywords

    cultural identity; welfare indicators; economic development; synthetic indicators; Deadly Sins; Europe;
    All these keywords.

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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