The Role Of Cultural Capital On Economic Growth During Transitional Period

China has experienced faster economic growth and social changes with the reform and open up policy in last thirty years. Average annual GDP growth was nearly9.9%per year and600millions of people get out of poverty. This was called "Chinese economic miracle" and has attracted global attention. Behind some of debated concepts "Chinese Model","Chinese Experience","Chinese Road", there are some economists reminded us that the problems and crisis caused by such prosperity. Professor Zheng Yongnian from East Asian Institute (EAI), National University of Singapore (NUS), proposed "Zheng Yongnian Question". He said why there was no cultural rise following with the development of economy? Is there sustainable development without cultural rise? Is it possible for China to offer the world another cultural choice? All of these questions about economic and cultural inter-connectedness deserve us to keep some deep consideration and exploration.Nowadays, Chinese economic growth is slowing down and economic transformation is a matter of great urgency. Traditional "three high one low" economic growth mode caused some series of problems, such as imbalance of economic structure, growing wealth gap, a shortage of resources and serious environmental pollution, which increased economic vulnerability, risk and unsustainability. Therefore, we need to seek new motivation and model to promote economic development. At the same time, social contradictions show up in China. Because of the difference of value orientation and ideology in different social classes resulted in "pattern of difference sequence". Conflicts intensified with the phenomenon of "cultural fault""moral decline" and "lost faith". Right and wrong, good and evil, beauty and ugliness were ambiguous in some areas and places, and money worship, hedonism, extreme individualism begin to spread. All of these seriously erode people's soul, pollute social ethos, and hinder market economy and the whole society healthy development. The practical and theoretical dilemma forced us to further look for new approach. So, the cultural capital as new non-economic factor which impacts economic growth and social harmony has gradually draws economists'attention and receives more researches.As a potential and tensioned academic concept, firstly proposed by Bourdieu,"cultural capital" gradually became a hot topic discussed by scholars with a variety of disciplines background in western academia.Cultural capital theory attempts to surmount binary opposition of economic factors and non-economic factors, and put social behavior in a Unity of material (economic) level and spirit level (culture) to research. It not only provides a new perspective for reviewing sociology, constructing individual (subject) and social relationship (structure), but also extends the research field of contemporary economics and make economic research theory deeper into reality. It is a useful and challenging work to apply the cultural capital theory to economics. It not only delights economists to find new motivations of economic development and promote the sustainable development of society but also provide economists new perspectives to concerning new problems in the process of economic development.Studies on cultural capital theory were useful for our country become a cultural-powerful country from a big cultural resources country. Analyzing the cultural capital in different aspects of the mechanism of action of China's economic development and economic performance needs to grasp the interaction of the cultural capital and economic development. Then it provides practice guidance for cultural capital which plays a key role in promoting the economic transformation development. At the same time, it also provides theoretical support and practical guidance for the current implementation of cultural boom and sustainable economic development through deepening reform.Based on the reviews some papers which focusing on the relationship between cultural capital and development of economy, the author tries to use theory analysis, location theory analysis and other multi-dimensional analysis methods to find out the mechanism of cultural capital for economic development from the micro, medium and macro levels. It analyzes and evaluates the impacts of cultural capital on economic performance in different layers. Concentrating on the main line, the article explores optimal paths and recommending policies of cultural capital. The whole article follows a logic and technologic way of proposing problems, presenting theoretical framework, conducting empirical test and solving problems. This paper is made up with eight chapters and it establishes a systematic framework to analyze the relationship between cultural capital and economic development during Chinese economic transition.The first chapter is introduction. It mainly introduces some contents, such as the background and motivation of the research, objective and significance of the study, core concepts, literature review, methodology, research tool and layout of the thesis. Then it gives the innovation and deficiency of the thesis.The second chapter is theoretical basis and analysis framework. This chapter explains the research basis and how to set about to study the role of cultural capital on economic growth. Firstly, it reviews the choroids of mode of economic development. Under the premise of Marx's contribution to economic growth theory, the core idea of the main representative personage of classical theories of economic growth in western mainstream economics, new classical economic growth theory and new economic growth theory, cultural and economic development theory is briefly teased in this paper. Second part is a brief overview of cultural fundamental theories. Based on Marx's cultural capital theory, it analyzes the specific construction form of cultural capital in different theories of economic growth, explores the culture embedded gradation combining the "embedded" theory of new economic sociology, and finally briefly describes the cultural economics of cultural capital operation. In the third part, on the basis of recognition of intensive study of cultural capital theories and relationship between cultural capita and economic development, it expounds the core content of this paper. In the fourth part, it expounds the hierarchy of produced effects of cultural capital on economic growth. Micro-system level refers to the economic subject behavior choice and economic performance; intermediate level refers to the development of cultural industry; and macro-system level refers to cultural environment and the humanities spirit.The third chapter studies the influence of national cultural capital on economic development at a macro level. Qualitatively, it takes the form of cultural environment and the humanities spirit to affect the reasonable allocation of resources, the cultivation of human capital and technological and institutional innovation. From a quantitative point of view, it considers the feasibility of qualitative research. On the basis of market rate, cultural capital is simply divided into the traditional culture capital of "thrift, attaches great importance to the education" and market cultural capital rich in spirit of "the innovative spirit and business". Through econometric model set and the empirical analysis of the inspection, it verifies the truth of three main theoretical propositions based on the qualitative analysis.The fourth chapter studies the influence of good local culture environment helps to form a learning economy area, which helps to promote industrial cluster in the process of organizational innovation and system innovation, In addition, due to the spatial distribution of differences between cultural capital and its impact on regional economic performance, this becomes an important factor lead to regional economy development imbalance.The fifth chapter studies how personal cultural capital to determine economic individual thought and behavior patterns through cognitive structure and value system. It uses game theory analysis tool to describe the individual cultural capital influence on behavior performance, and has set up a corresponding theoretical model from a micro level related to household consumption confirms personal cultural capital may impact of the performance of the economy. Another key focus of this chapter is to expound enterprise culture connotation, composition and the function mechanism of enterprise development. This thesis based on the dimension of entrepreneurship, has briefly analyzed the impact of corporate cultural capital from the experience of one side of the development of the enterprise, and put forward the corresponding basic models and feasible path for cultivating enterprise culture capital.The sixth chapter makes a necessary investigation based on the theoretical research and empirical analysis. Studying in the relation between economic development and foreign cultural capital of typicality description, we choose the sample of British, American, Japan, South Korea, and Russia. The relationship between cultural capital and economic development of thinking and inquiry at home, according to the historical logic, stagnation and growth on modern China first mystery-"Needham question","weber's proposition" and "Deng Xiaoping effect" in a kind of interpretation, and then makes an analysis on different economic level and rich in cultural characteristics and development pattern of the Yangtze river delta region, middle (Henan) and analysis in the western region, from different levels to interpret the important influence of cultural capital on economic growth.The seventh chapter gives some policies proposal that how to use the cultural capital to promote the economic sustainable development. At the macro level, we stress the construction of socialist advanced culture; consolidate the basis of cultural capital accumulation. Through cultivating and perfecting market economy culture, to establish reasonable and orderly market orders, to promote technology innovation and system innovation. Through using the economic ethics and setting up correct value orientation, to enhance the quality to the spirit of the pattern of economic development, etc. At a micro level, on the one side, to strengthen the cultural capital of precipitation effect, to improve the innovation ability of industrial cluster; on the other side, to promote the concept of regional culture, and to cultivate the cultural capital adapted to market economy, to transfer government function, to improve the system of regional economic development environment. At the micro level, on the one hand, carrying forward the socialist core value system, deepening the education reform, improving people's ideological and moral qualities and scientific and cultural level, increasing the individual the accumulation of cultural capital, all of these we need to do. On the other hand, we need to put forward the basic model of cultivating enterprise culture capital, and make up a feasible path to improve the allocation efficiency of corporate cultural capital.The eighth chapter mainly summarizes the major findings, the innovative points, and the limitations of the thesis, and gives directions for future researches.