Public Spending on Public Cultural Service and Accumulation of Cultural Capital—Based on the Empirical Data of 31 Provinces in China

Abstract

This article analyzes the role of public cultural spending on accumulation of cultural capital with theoretical logical deduction method, and uses the data of 31 provinces in China from 2000 to 2014 for empirical test. The research concludes that the elastic coefficient of public cultural spending to cultural capital stock is 0.297, and it is significant at the 1% significant level, which shows that when each unit of public cultural spending increases, 0.297 unit of cultural capital increases. Public cultural spending’s contribution to cultural capital stock is 0.297. If public cultural spending increases, accumulation of cultural capital can be increased.