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A Study on the Dynamic Relationship between Cultural Industry and Economic Growth

This paper attempts to explore the dynamic relationship between cultural industry and economic growth. On the grounds of Cobb-Douglas production function, the cultural industry is regarded as a determinant to impact economic growth. Meanwhile, the quarterly datum form the first quarter of 2000 to the fourth quarter of 2017 are employed to conduct an empirical analysis under the vector error correction model. Furthermore, a menu of statistic approaches will be used to testify the dynamic relationship between cultural industry and economic growth. Via the Johansen co-integration test, the results report that the cultural industry has a positive effect on economic growth. Through the vector error correction estimation, the results also report that the cultural industry also has a positive effect on economic growth, but less than that of the Johansen co-integration test.

Abstract

1. Introduction

2. Literature Review

3. Research Methods

4. Empirical Analysis

5. Conclusion

References

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