An Empirical Study Of The Impact Of Cultural Industry Cluster On Regional Economic Growth

The cultural industry is gradually developing into a new booster for economic growth in various countries,and the clustered organization has increased the speed of cultural industry development.While the cultural industry cluster is driving the rapid development of the cultural industry,it also contributes to regional economic growth.At present,the research on the impact of industrial clusters on regional economic growth has been relatively mature,but the research on the influence of cultural industrial clusters on regional economic growth is rare in the emerging field of cultural industry.There is still no systematic theoretical research and empirical test of specific case.Based on this,because Hengdian World Studios is a typical representative of the relatively successful development of cultural industry clusters,the paper takes Hengdian World Studios as the case object and empirically analyzes the impact of Hengdian World Studios on the economic growth of Dongyang City,with a hope to expand the research in related fields.The paper systematically combs the existing research at home and abroad on the relationship between cultural industry,industrial clusters,cultural industrial clusters and regional economic growth,in order to propose the research direction of this paper,and further design the research framework.The characteristics of cultural industry clusters are analyzed,and the four major effects of cultural industry clusters which are external scale economy,cost savings,innovation ability and human capital improvement are detailed based on its individual characteristics.On this basis,the paper analyze show the cluster influences the three major factors of economic growth through these effects,which in turn affects regional economic growth,elaborates thespecific impact path,and theoretically demonstrates the impact of cultural industrial clusters on regional economic growth;On the basis of the existing literature,indicators for evaluating cultural industry clusters are selected according to the cluster effects.The indicator for measuring regional economic growth is selected,and the model of evaluation methods is set.Then,using Hengdian World Studios as a specific case,factor analysis method is applied to obtain the four principal component factors of innovation capability,external scale economy,human capital and cost savings.Granger causality test is carried to analyze the relationship between four cluster effect factors and regional economic growth indicator.The results show that the human capital effect is the Granger reason for the Dongyang’s economic growth in the short term,and external scale economy,innovation,and human capital are respectively the Granger reasons for Dongyang’s economic growth in the long term,which confirms that the cultural industry cluster can affect the regional economy growth through cluster effects;on this basis,the partial correlation analysis method is used to study the different impacts of each specific indicator variable on economic growth,so as to take targeted measures according to the importance degree of each variable,and give full play to the influence of cultural industry clusters on regional economic growth;according to the empirical analysis results,standing in the view of government,clusters and enterprises,the corresponding proposals are put forward in order to optimize the cultural industry cluster to better act on regional economic growth.