Influence of cultural heritage protection on high-quality economic development

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-02-11 DOI:10.1016/j.frl.2025.106932

Luxin Zhang

引用次数: 0

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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来源期刊

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