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

Pei-xiao Qi and Nian Zheng

Research in World Economy, 2018, vol. 9, issue 1, 39-45

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.

Keywords: scientific culture; tangible capital; intangible capital; factor input; economic growth (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:9:y:2018:i:1:p:39-45

DOI: 10.5430/rwe.v9n1p39

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