Influence of cultural heritage protection on high-quality economic development

IF 6.9 2区 经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-04-01 Epub Date: 2025-02-11 DOI:10.1016/j.frl.2025.106932
Luxin Zhang
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Abstract

The relationship between cultural heritage protection and economic development remains incompletely understood, especially regarding the mechanisms through which heritage resources contribute to sustainable growth. This study investigates how cultural heritage protection drives high-quality economic development in China, using provincial data from 2010–2021. Through econometric analyses, the research reveals that heritage protection enhances economic development both directly and indirectly, with tourism mediating 23% of the total effect. Human capital strengthens this relationship, as regions with higher education levels show greater heritage-driven development. Central-western provinces benefit more from cultural heritage than eastern ones, while areas outside the Yangtze River Economic Belt show stronger positive effects than those within. The findings support integrated policies combining cultural preservation with human capital investment.
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文化遗产保护对经济高质量发展的影响
文化遗产保护与经济发展之间的关系仍不完全清楚,特别是关于遗产资源促进可持续增长的机制。本研究利用2010-2021年的省级数据,考察了文化遗产保护如何推动中国经济高质量发展。通过计量分析,研究发现遗产保护对经济发展具有直接和间接的促进作用,其中旅游业在总效应中起着23%的中介作用。人力资本加强了这种关系,因为教育水平较高的地区表现出更大的遗产驱动型发展。中西部省份比东部省份受益更多,长江经济带以外地区比长江经济带内地区的积极效应更强。研究结果支持将文化保护与人力资本投资相结合的综合政策。
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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