The Influence Of Cultural Capital On Economic Growth

First of all, This article based on literature review redefined the concept of cultural capital, considered that cultural capital is accumulation of values and ideolo- gy,which built on the basis of the relationship between culture and economic value that can bring wealth in the future growth of the accumulation of values, mainly thro- ugh the production process of material products and spiritual products to realize the change of capital to the wealth, including intangible cultural capital and physical capital.Secondly, from the intangible cultural capital and physical capital two aspects to build cultural capital measurement index system, and adopt entropy method to estimate the regional cultural capital stock in China of 2012, the results show that the regional cultural capital stock level in our country has large difference, GuangDong province’s cultural capital composite score ranked first and is 24 times of Tibetan,which culture capital composite scores ranked last.In addition,cultural capital stock level has obvious region difference, generally presented a distribution trend that eastern region has a good level, central region in the middle and western region has a poor level.Third, consider cultural capital elements and build it into endogenous economic growth model, mathematical analysis results show that the cultural capital through three path to affect economic growth: fist is cultural capital in the form of production factor to promote economic growth directly, when the contribution rate of cultural capital to economic growth is bigger, the rate of economic growth is bigger at the same time;second it is by influence of technological progress to influence economic growth indirectly, as the cultural capital to technological progress’ s effect coefficient is bigger, economic growth rate is larger too;last it is by influence of human capital accumulation to affects economic growth indirectly, when the cultural capital to human capital stock’s effect coefficient is bigger, economic growth rate is larger too.Fourth, using structural equation model to empirical analysis path coefficient of cultural capital affects economic growth. The results show that the cultural capital as a production factor can be direct effects on economic growth, its path coefficient is0.29186;In addition, it also has indirectly promoting effect on economic growth, indirect path includes two aspects: one is the cultural capital to promote technological progress, and then by the technological progress to accelerate economic growth, its path coefficient is 0.679740;Secondly, the cultural capital promote the accumulation of human capital, and then by the human capital influence economic growth, the path coefficient is-0.208368. In conclusion, the total path coefficient of cultural capital on economic growth is 0.763232.