Creative Economy Index (CEI) and GDP Growth Cover Image

Indeks gospodarki kreatywnej a wzrost PKB
Creative Economy Index (CEI) and GDP Growth

Author(s): Jacek Pietrucha, Rafał Żelazny
Subject(s): Economy, Business Economy / Management
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: innovation; institution; creative economy; European Union; GDP; economic growth

Summary/Abstract: This paper studies relationship between innovations and institutions measured by the Creative Economy Index (CEI) and GDP growth. Creative economy is understood as an economy in which innovations and institutions constitute a common element of pro-efficiency and pro-growth solutions, and where a key role is played by free creativity factor. The survey was conducted on panel data for a group of 34 economies in the European Union and associated with the EU for the years 2005–2014. The analysis shows a significant, positive impact index of the creative economy on the growth of real GDP per capita.

  • Issue Year: 2017
  • Issue No: 47/1
  • Page Range: 229-239
  • Page Count: 11
  • Language: Polish