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An Economic Model for Studying the Role of Cultural Industries on Social Development in Cross-border Contexts

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  • Yingyu Zhu

Abstract

When using a traditional econometric model to study the promotion effect of the cultural industry on social development in cross-border context, only the mathematical formula is available for the quantitative analysis of social and economic problems, but disadvantages such as complex processing process, low efficiency, and low accuracy are still encountered. This article designs a research model to study the promoting effect of cultural industry on social development in the context of cross-border integration. Based on the economic measurement results of cultural tourism industry, the coupling principle is used to quantitatively analyze the coupling and coordination degree of the development of cultural tourism industry under cross-border integration. Using dynamic panel theory, this article studies the role of cultural tourism industry integration in social and economic development. The experimental results show that the model can effectively analyze the promoting effect of cultural industry on social development in the context of cross-border integration, in which the error rate is only 0.31 and the maximum growth rate is as high as 98%, indicating small error and high efficiency of the proposed model.

Suggested Citation

  • Yingyu Zhu, 2020. "An Economic Model for Studying the Role of Cultural Industries on Social Development in Cross-border Contexts," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(7), pages 1581-1600, May.
    • Handle: RePEc:mes:emfitr:v:56:y:2020:i:7:p:1581-1600
    DOI: 10.1080/1540496X.2019.1703106
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    Cited by:

    1. He Yang & Dongqian Xue & Hailing Li & Xinmeng Cai & Yanyan Ma & Yongyong Song, 2023. "Interaction between the Cultural and Entertainment Industry and Urban Development in Xi’an: A Case Study," Land, MDPI, vol. 12(7), pages 1-21, July.

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