Economic Dimension of Creativity: Measuring Creativity for the Modelling of Economic Growth
Economic Dimension of Creativity: Measuring Creativity for the Modelling of Economic Growth
Author(s): Martin Alexy, Pavol OchotnickýSubject(s): Economy
Published by: Regionálne európske informačné centrum Banská Bystrica
Keywords: Creativity; Creative Industries; Model; Production Function
Summary/Abstract: The paper analyses several methods to explain the economic dimension of the creativity. Even though the transmission mechanism of transformation of an asset as a result of creativity to the economic growth is not straightforward, the creativity can be measured or approximated. This can be done for example with creativity indexes or with defining creative industries. This concept enables us to build several models based on various approaches; models to measure contribution of creativity to economic growth. The paper suggests how to measure it with models multifactorial production function.
Journal: Region Direct
- Issue Year: 2012
- Issue No: 2
- Page Range: 90-111
- Page Count: 22
- Language: English