Analysis on the Consumption Effect of Financial Input to Culture in China

DOI

10.2991/iccese-19.2019.383How to use a DOI?

Keywords

cultural consumption; financial input to culture; quality goods; consumption effect

Abstract

This paper finds that the impact of government's financial input to residents' cultural consumption and non-cultural consumption is uncertain through the construction of theoretical model, and it needs empirical test. The empirical analysis of China's provincial panel data from 2007 to 2016 through the systematic GMM model shows that: The impact of government's cultural fund on residents' cultural consumption is positive but not significant, while the increase of cultural capital investment has a significant crowding-in effect. Its impact on cultural consumption and non-cultural consumption is Forty-two point three per cent and twenty-three point five per cent respectively, indicating that increasing the government's financial input to culture can improve the level of social welfare. In addition, cultural consumption has obvious inertia, but does not show the characteristics of quality products. Urbanization ratio has a significant positive impact on cultural consumption, while dependency ratio and regional income difference are positive but not significant. It shows that under the background of consumption transformation and upgrading, China can make full use of cultural tangible capital to promote the driving force of consumption.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jingyuan Yu
PY  - 2019/04
DA  - 2019/04
TI  - Analysis on the Consumption Effect of Financial Input to Culture in China
BT  - Proceedings of the 3rd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2019)
PB  - Atlantis Press
SP  - 1743
EP  - 1749
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccese-19.2019.383
DO  - 10.2991/iccese-19.2019.383
ID  - Yu2019/04
ER  -