Abstract:

It is of great significance to investigate the investment effect of cultural industries for the investment decision-making of gov-ernments as well as enterprises. First, by dint of the newly released input-output table and the Classifications of Cultural and Related In-dustries (2012) issued by the National Bureau of Statistics, an input-output table of cultural industries is constructed in terms of broad headings of cultural industries. Second, the net effect of investment to cultural industries on gross output and value added is calculated via the constructed input-output table. Results show that the two most prospect cultural sectors deserving attention of investors are the in-dustry of broadcast, film and television service and cultural and arts service. Besides, cultural service industries are far more worth the effort to invest than cultural manufacturing industries. The innovations of this paper are:first, an input-output table in terms of broad headings is constructed on the basis of the newest classification of cultural industries and input-output table; second, the net backward effect of investment to cultural industries is calculated drawing on this model.

Key words: input-output model, cultural industries, investment, net backward effect, gross output, value added