Estimation of Capital Stock for the Cultural Industry in China, 1952-2008
As Chinese cultural industry is having more and more significant impact on economic growth, research in cultural economics has become a new hot spot in the field of economics. However, there is still a gap on the studies that how to estimate the capital stock of the cultural industry in China. This paper looks into how to apply the perpetual inventory method to estimate the physical capital stock of this particular sector for the years 1952-2008, and also presents the detailed research processes and methods used in estimating annual investment series, price indices, composite depreciation rates, and the initial capital stock. The conclusion of this study can be used as an important data support for further research of empirical analysis for the Chinese cultural industry.
cultural industry capital stock perpetual inventory method estimation
WANG Yun LONG Zhihe SUN Wei
School of Business Administration, South China University of Technology, P.R.China, 510640 School of Economics and Commerce, South China University of Technology, P.R.China, 510006
国际会议
威海
英文
322-334
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）