An Empirical Study on the Effect of Cultural Industry on Economic Growth in China

Firstly,the paper analyses the effect of cultural industry on economic growth by method of gray correlation degree;secondly,the paper uses the same method to analyze the effect of cultural industry on three main industries;thirdly,the paper compares the different effects on GDP from the core layer,the outer layer,the relevant layer of cultural industry;Lastly,the paper uses neo-classical economic growth model to study how the three major factors—investment,labor and innovation—influence the economic growth.As the study shows,cultural industry has great impact on economic growth;cultural industry have tremendous influence on the third industry;the relevant layer of cultural industry has the greatest effect on economic growth;and the innovation is important in stimulating economic growth.Consequently,it is significant for us to pay more attention to the development of cultural manufacturing industry and to promote cultural innovation in order to stimulate economic growth.The study of this paper expands the perspective of cultural industry study,and has clear policy implications.