MEASURING INNOVATION AND INSTITUTION: THE CREATIVE ECONOMY INDEX Cover Image

MEASURING INNOVATION AND INSTITUTION: THE CREATIVE ECONOMY INDEX
MEASURING INNOVATION AND INSTITUTION: THE CREATIVE ECONOMY INDEX

Author(s): Rafał Żelazny, Jacek Pietrucha
Subject(s): Economy, Supranational / Global Economy
Published by: Instytut Badań Gospodarczych
Keywords: innovations; institutions; creative economy; composite indicator; European Union

Summary/Abstract: Research background: A literature review on innovativeness and institutions pointing to their correlation and the possibility of their joint examination. Purpose of the article: This paper attempts to devise a measurement method for a creative economy, where as a result of feedback between institutions, human capital and technology conditions facilitating the development of creativity are created. Methods: An empirical meta-analysis of indicators characterising innovativeness and institutional environment was carried out, following the hypothesis that at least in part they contain common information on creative economy. Findings & Value added: The new synthetic index, a creative economy index (CEI), was constructed. The study was conducted for a group of 34 economies of the European Union and its associated states for the period of 2005–2014.

  • Issue Year: 12/2017
  • Issue No: 1
  • Page Range: 43-62
  • Page Count: 20
  • Language: English
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