Analyzing the Impact of Cultural Preservation on Economic Prosperity: An Empirical Investigations

Authors

  • Chinmaya Bhoi School of Commerce (SOC), Gangadhar Meher University, Sambalpur, Odisha, India https://orcid.org/0009-0008-6262-4886
  • Soumya Ranjan Sethi School of Management (SOM), National Institute of Technology, Rourkela, Odisha, Odisha, India https://orcid.org/0000-0002-7533-684X
  • Arjuna Kumar Maharana School of Commerce (SOC), Gangadhar Meher University, Sambalpur, Odisha, India
  • Subash Chandra Jhankar School of Commerce (SOC), Gangadhar Meher University, Sambalpur, Odisha, India

DOI:

https://doi.org/10.26713/jfbms.v5i1.3033

Keywords:

economic prosperity, cultural preservation, regression, paired T-test

Abstract

The study aims to analyze the impact of cultural preservation on economic prosperity of Sambalpur. For the study we collect data from 30 select shops of Sambalpur city through a questionnaire. We measure cultural preservation through various indicators like food, garments, and festivals. Economic prosperity measured by total sales. The study uses Regression and paired T-test to analyze the impact of Cultural preservation on Economic prosperity. The study finds that cultural preservation has a significance impact on Economic prosperity. The results of the study will be helpful for the policy makers to take important decisions.

 

Downloads

Download data is not yet available.

Downloads

Published

2025-12-30
CITATION

How to Cite

Bhoi, C., Sethi, S. R., Maharana, A. K., & Jhankar, S. C. (2025). Analyzing the Impact of Cultural Preservation on Economic Prosperity: An Empirical Investigations. Journal of Finance, Business and Management Studies, 5(1), 1–10. https://doi.org/10.26713/jfbms.v5i1.3033

Issue

Vol. 5 No. 1 (2025)

Section

Articles