This study examines the effect of cultural industry on regional balanced growth. The industry has relieved the growth differential among regions based on the Gini decomposition analysis. Furthermore, the contribution to regional growth disparity of cu...
This study examines the effect of cultural industry on regional balanced growth. The industry has relieved the growth differential among regions based on the Gini decomposition analysis. Furthermore, the contribution to regional growth disparity of cultural industry decreases as the industry grows. Thereby it makes the Gini coefficient of all industry decrease in spite of the increase of contribution to the regional growth differentials of manufacturing industry. Since the growth of the industry matches with the stylized facts of regional industrial growth path. As the leakage of the regional demand for the industry is less than that of the manufacturing industry, so the promotion of cultural industry will be the effective measure to relieve the growth disparity among regions and induce the economic growth of the concerned regions.