IDEAS home Printed from https://ideas.repec.org/a/jfr/rwe111/v9y2018i1p39-45.html
   My bibliography  Save this article

Scientific Culture and Economic Growth in the Long-Run: On a Capital Perspective

Author

Listed:
  • Pei-xiao Qi
  • Nian Zheng

Abstract

The cultural capital can be as a kind of asset that embodies, stores and produces the cultural values except for producing the economic values. With the further progress of modern civilization, scientific culture, on an economics perspective, as a combination of intangible and tangible capital, more and more becomes the one of important engine to make economic sustainable growth in the long run for a country. Based on the framework by Barro and Turnvosky, this paper constructed an economic growth model including the factor of scientific culture and mainly found that the impact of scientific culture capital growth rate on human capital accumulation is positive, and then affects economic growth rate. And the greater scientific culture capital growth rate influences the human capital accumulation, the higher economic growth rate is.

Suggested Citation

  • Pei-xiao Qi & Nian Zheng, 2018. "Scientific Culture and Economic Growth in the Long-Run: On a Capital Perspective," Research in World Economy, Research in World Economy, Sciedu Press, vol. 9(1), pages 39-45, June.
  • Handle: RePEc:jfr:rwe111:v:9:y:2018:i:1:p:39-45
    DOI: 10.5430/rwe.v9n1p39
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/rwe/article/view/13279/8284
    Download Restriction: no

    File URL: http://www.sciedu.ca/journal/index.php/rwe/article/view/13279
    Download Restriction: no

    File URL: https://libkey.io/10.5430/rwe.v9n1p39?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Walter Santagata, 2002. "Cultural districts, property rights, and sustainable economic growth," Others 0210004, University Library of Munich, Germany.
    2. Turnovsky, Stephen J., 2000. "Fiscal policy, elastic labor supply, and endogenous growth," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 185-210, February.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Walter Santagata, 2002. "Cultural Districts, Property Rights and Sustainable Economic Growth," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 26(1), pages 9-23, March.
    5. Pier Luigi Sacco & Giovanna Segre, 2009. "Creativity, Cultural Investment and Local Development: A New Theoretical Framework for Endogenous Growth," Advances in Spatial Science, in: Ugo Fratesi & Lanfranco Senn (ed.), Growth and Innovation of Competitive Regions, pages 281-294, Springer.
    6. Ugo Fratesi & Lanfranco Senn (ed.), 2009. "Growth and Innovation of Competitive Regions," Advances in Spatial Science, Springer, number 978-3-540-70924-4.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bucci, Alberto & Segre, Giovanna, 2011. "Culture and human capital in a two-sector endogenous growth model," Research in Economics, Elsevier, vol. 65(4), pages 279-293, December.
    2. Pier Luigi Sacco & Guido Ferilli & Blessi Giorgio Tavano, 2012. "Sviluppo locale a base culturale: quando funziona e perch?? Alla ricerca di un framework di riferimento," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2012(1), pages 9-27.
    3. Silvia Cerisola, 2019. "A new perspective on the cultural heritage–development nexus: the role of creativity," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(1), pages 21-56, March.
    4. Luciana Lazzeretti & Rafael Boix & Francesco Capone, 2009. "Why do creative industries cluster? An analysis of the determinants of clustering of creative industries," Institut Metròpoli Working Paper in economics 0902, Institut Metròpoli.
    5. Pierluigi Sacco & Guido Ferilli & Giorgio Tavano Blessi, 2014. "Understanding culture-led local development: A critique of alternative theoretical explanations," Urban Studies, Urban Studies Journal Limited, vol. 51(13), pages 2806-2821, October.
    6. Gustavo Marrero, 2010. "Tax-mix, public spending composition and growth," Journal of Economics, Springer, vol. 99(1), pages 29-51, February.
    7. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Tiziana Cuccia, 2012. "Is it worth being inscribed in the world heritage list? A case study of �The Baroque cities in Val di Noto� (Sicily)," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 66(2), pages 169-190.
    9. Friel Martha & Santagata Walter, 2007. "Make Material Cultural Heritage Work," EBLA Working Papers 200710, University of Turin.
    10. Afonso, Antonio & Claeys, Peter, 2008. "The dynamic behaviour of budget components and output," Economic Modelling, Elsevier, vol. 25(1), pages 93-117, January.
    11. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.
    12. Turnovsky, S., 2000. "Growth in an Open Economy: some Recent Developments," Papers 5, Warwick - Development Economics Research Centre.
    13. Pierre‐Richard Agénor, 2011. "Schooling and Public Capital in a Model of Endogenous Growth," Economica, London School of Economics and Political Science, vol. 78(309), pages 108-132, January.
    14. Long Xin & Pelloni Alessandra, 2011. "Welfare improving taxation on savings in a growth model," wp.comunite 0091, Department of Communication, University of Teramo.
    15. T. Buyse & F. Heylen & R. Van De Kerckhove, 2011. "Pension reform, employment by age, and long-run growth in OECD countries," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/719, Ghent University, Faculty of Economics and Business Administration.
    16. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    17. Chandril Bhattacharyya, 2016. "A note on endogenous growth with public capital," Economics Bulletin, AccessEcon, vol. 36(4), pages 2506-2518.
    18. Constantine Angyridis & Panagiotis Tsintzos, 2018. "Public Investment, Government Indebtedness and Transitional Dynamics," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 10(2), pages 121-150, March.
    19. Azacis, Helmuts & Gillman, Max, 2010. "Flat tax reform: The Baltics 2000-2007," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 692-708, June.
    20. YAN Chengliang & GONG Liutang, 2009. "Government expenditure, taxation and long-run growth," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 4(4), pages 505-525, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:rwe111:v:9:y:2018:i:1:p:39-45. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://rwe.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.