An Empirical Study on the Relationship between Chinese Cultural Trade and Economic Growth
WANG Shuang1,2, ZHANG Shu-xiao1
1.School of Economics, Northeast Normal University,Changchun 130117, China;2.School of Economics and Management, Northeast Dianli University, Jilin 132012, China
Abstract:
In the twenty-first century, culture and economy integrate closely. As a new form of international trade, cultural trade has become an important component of international trade. Based on the related data from 1992 to 2011, the essay analyzes influence on economic growth from import and export of cultural trade. The results show that there is a co-integration relationship between export of cultural trade and economic growth, between import of cultural trade and economic growth separately. Export of cultural trade brings the syntropic shock to economic growth, and import of cultural trade brings the reversed shock to economic growth. The influence of export of cultural trade on economic growth is far greater than the influence of import of cultural trade. By comparison and analysis of influence on economic growth from export of goods trade, service trade, cultural trade. The paper draws the conclusion:pulling effect from export of cultural trade on economic growth is weak.
WANG Shuang,ZHANG Shu-xiao .An Empirical Study on the Relationship between Chinese Cultural Trade and Economic Growth[J] Economic Survey, 2014,V31(4): 56-61