An Empirical Study On The Relationship Between Chinese Cultural Industry And Economic Growth

As the new wealth of contemporary society, cultural industry generates huge economic benefits, which attracts general concern by the international community. The creativity of the cultural industry has become an acceleration of economic growth in the international market. The development of cultural industry is not only the important way of meeting the people’s diversified spiritual and cultural needs, but also an important part of promoting economic structural adjustment and economic growth. Having the character of extensive industry relevance and marginal utility, culture industry has become the key and pillar industry in many developed countries. The Sixth Plenary Session of the Seventeenth Central Committee made a comprehensive plan to promote the cultural industry to become a pillar industry of national economy, which shows the determination of china to foster cultural industry and let it become stronger.So what are the relationships between culture and economic growth? Through what channels does it effect on economic growth? How does cultural industry contribute to economic growth? As the culture and culture industry are developing from the fringes of social development towards the center gradually, answering these questions is more and more important. In this background, the article researched the channels and the extent of which the culture industry effect on economic growth in both theoretical and practical aspects. On the basis of answering the above questions, the article put forward a series of constructive opinions and suggestions with the reality of our county. Specifically, the content of this article concludes the following five parts:The chapter I is an introduction. This chapter mainly introduces the background and significance of this study, literature review including foreign and domestic literature, research content, methods and the illustration of data.The chapter II is the theoretical study of cultural industry and economic growth. Mainly introduces the definition of key concepts, then analysis how does cultural industry contribute to economic growth with both direct and indirect effects by introduce the neoclassical endogenous economic growth theory.The chapter III is to analysis the correlation of cultural industry and economic growth. The article analysis the correlation of all from horizontal and vertical perspective by introduces the panel date and time-series date.The chapter IV is to make the evidence on use of Cobb-Douglas equation, making analysis the relationship between total factor productivity and the indicators of cultural industry. We concluded the regression model of the cultural industry development and economic growth.The chapter V is the conclusion. We make the innovation and shortcomings of this research, analysis the result of last chapter, then points out further policy recommendations of cultural industries.