Applied Mathematics and Nonlinear Sciences
Journal license

Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 8, Issue 2


Published
on

November 8, 2023


Pages


DOI

Article

Theory and model optimisation of rural creative economy development in less developed regions based on endogenous growth model

Check for updates


Authors

Xiaona Wang Affiliation:
School of Business, Henan Institute of Economics and Trade, Zhengzhou, Henan, 450046, China.


Abstract

By constructing an endogenous growth model, this paper reveals the inner path of its development based on the rural cultural and creative economy. Secondly, by rationally allocating social resources and combining physical capital and cultural and creative capital, the inter-period optimization of consumption utility can be realized to the greatest extent. Finally, the endogenous economic growth model analyzes the economic effects of GDP and the H-village cultural creative tourism model in Guizhou Province. The results show that the correlation coefficient of the endogenous growth model of rural cultural creativity and economic development is R=0.979. The goodness of fit is R2 = 0.967, and the adjusted goodness of fit is R2 = 0.983, which indicates that the degree of proximity of the fitted equations to reality is extremely high. This paper provides the theoretical basis and practical guidance for developing a rural cultural and creative economy, which is of great significance for promoting the sustainable development of the regional economy.


Keywords

Rural culture, Endogenous growth model, Consumption utility, Economic effects, Creative tourism model, 68T05


Citation

Wang, X. (2023). Theory and model optimisation of rural creative economy development in less developed regions based on endogenous growth model. Applied Mathematics and Nonlinear Sciences, 8(2). https://doi.org/10.2478/amns.2023.2.01035
2 Total citations
1.91 FWCI
1 Recent citations
(2 years)
17 References
Open Access Yes
View full metrics

Published by: Engineering Journals

Engineering Journals Logo