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Cultural Capital and China’s Economic Growth

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DOI: 10.23977/ferm.2021.040302 | Downloads: 9 | Views: 159

Author(s)

Hongxia Xing 1, Jianyu Chi 2

Affiliation(s)

1 China Environmental United Certification Center, Beijing, China
2 School of Economics and Management, Communication University of China, Beijing, China

Corresponding Author

Jianyu Chi

ABSTRACT

Cultural capital is a special capital, which may have an important impact on economic growth. We use China’s provincial panel data from 2009 to 2018 to verify the impact of cultural capital on China’s economic growth. And we use the method of dominance analysis to explore the relative contributions of physical capital, human capital, and cultural capital to economic growth. The main conclusions of this article are followed: cultural capital has a significant positive impact on China’s economic growth, and the relative importance of cultural capital is higher than human capital.

KEYWORDS

cultural capital, economic growth, dominance analysis

CITE THIS PAPER

Hongxia Xing, Jianyu Chi. Cultural Capital and China’s Economic Growth. Financial Engineering and Risk Management (2021) 4: 7-17. DOI: http://dx.doi.org/10.23977/ferm.2021.040302

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