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A proposal to measure the impact of culture for sustainable development

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  • Fabio Bacchini
  • Roberto Iannaccone
  • Pietro A. Valentino

Abstract

The importance of culture as a multifaceted concept in fostering both human well-being and development sustainability has been increasingly recognized in recent literature and policy discussions. However, while the connections between culture and well-being, and those between culture and sustainability, have been studied separately, there remains a need for a more integrated approach that examines these relationships simultaneously. Such an approach would enable for the development of more comprehensive definitions and indicators. Our objective is to contribute to this debate by proposing a methodology suited to exploring the interplay among culture, well-being and sustainable over time. According to the available data, we propose the estimation of both a panel model and a dynamic factor mode thereby extending previous analysis, mainly based on cross-sectional data. By broadening the empirical evidence, our study provides an important contribution toward a comprehensive framework able to describe the implicit connections among these three dimensions.

Suggested Citation

  • Fabio Bacchini & Roberto Iannaccone & Pietro A. Valentino, 2024. "A proposal to measure the impact of culture for sustainable development," Economia della Cultura, Società editrice il Mulino, issue 2-3, pages 267-284.
    • Handle: RePEc:mul:jkrece:doi:10.1446/116284:y:2024:i:2-3:p:267-284
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    1. Jushan Bai & Serena Ng, 2002. "Determining the Number of Factors in Approximate Factor Models," Econometrica, Econometric Society, vol. 70(1), pages 191-221, January.
    2. Christian Bjørnskov & Axel Dreher & Justina Fischer, 2008. "Cross-country determinants of life satisfaction: exploring different determinants across groups in society," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(1), pages 119-173, January.
    3. Bacchini Fabio & Baldazzi Barbara & De Carli Rita & Di Biagio Lorenzo & Savioli Miria & Sorvillo Maria Pia & Tinto Alessandra, 2021. "The Evolution of the Italian Framework to Measure Well-Being," Journal of Official Statistics, Sciendo, vol. 37(2), pages 317-339, June.
    4. Fabio Bacchini & Pietro Antonio Valentino, 2020. "Culture for a sustainable development: from theory to evidence," Economia della Cultura, Società editrice il Mulino, issue 3-4, pages 413-424.
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