Research Article
Analysis of Supply-side Factors of Cultural Consumption in Beijing Based on Econometric Models
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327709, author={Manqian Wang and Lei Yao}, title={Analysis of Supply-side Factors of Cultural Consumption in Beijing Based on Econometric Models }, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={cultural consumption; supply side; demand side; panel data}, doi={10.4108/eai.9-12-2022.2327709} }- Manqian Wang
Lei Yao
Year: 2023
Analysis of Supply-side Factors of Cultural Consumption in Beijing Based on Econometric Models
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327709
Abstract
At present, China's economic development has entered a new normal, and the development of cultural consumption has become an important initiative to promote economic growth. However, demand management based on demand-side perspective leads to problems such as supply-demand mismatch in the cultural consumption market. In order to further develop cultural consumption, the paper uses panel data of 16 municipal districts in Beijing from 2016-2019 as a sample and establishes a linear logit model using nonlinear regression method to analyze cultural consumption of Beijing residents from the supply side. The results show that except for the food consumption expenditure ratio, the explanatory variables residents' income, cultural industry output value, and the number of relevant policies all have positive effects on cultural consumption expenditure in Beijing.