It's an entertainment industry, so it does nothing to help material well being. It does provide a Dionysian outlet for our Apollonian culture, but it probably would be better for all concerned (except the owners of strip clubs) if our society were such that people weren't interested in strip clubs because they could express their Dionysian tendencies in less expensive ways.
Ernest, you reading Nietzsche or something?
To answer the question posed: No, I dont think it really spurs growth at all. Strip clubs are more of a re-distribution of income.
