Culture and Economic Growth of Cities; Evidence from Liberia
AbstractCulture can now be used as an instrument for sustainable economic growth and developmental instrument of cities. By reorganizing the socio-economic fiber of cities and using cultural activities for economic growth, we can drive these cities towards sustainable development. This was successfully demonstrated in case of Monrovia, the capital of Liberia, which remained in crises for 10 years. This paper examines the role of culture in overall economic growth sighting evidences from Liberia. Data was collected from few selected cultural spots and analyzed statistically. It was concluded from study that cultural economy is now playing an enhanced role in the sustainable economic development of Liberia. Because of the ongoing cultural activities at the selected cultural spots, Monrovia is in better economic position as compare to cities lacking cultural activities. This study forms a useful contribution on the role of culture in sustainable economic growth of cities.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48541.
Date of creation: 19 Oct 2009
Date of revision:
Cities; culture; data; development; economic; growth; statistics; sustainable;
Other versions of this item:
- Gul, Ejaz, 2013. "Economic Philosophy of Khewa Gul, an Unknown Tribal Economist of 18th Century," MPRA Paper 48374, University Library of Munich, Germany.
- Gul, Ejaz, 2009. "Case Study of Liberian Economic Growth: Pertinent Lessons for Developing Countries," MPRA Paper 48462, University Library of Munich, Germany.
- Gul, Ejaz, 2010. "Economic Suitability Mapping – a New Trend in Establishing Economic Suitability of Project Site," MPRA Paper 48460, University Library of Munich, Germany.
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
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- Joel M. Guttman, 2003. "Repeated interaction and the evolution of preferences for reciprocity," Economic Journal, Royal Economic Society, vol. 113(489), pages 631-656, 07.
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