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Measuring Innovation And Institution: The Creative Economy Index

Author

Listed:
  • Rafal Zelazny

    (University of Economics in Katowice, Poland)

  • Jacek Pietrucha

    (University of Economics in Katowice, Poland)

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 insti-tutional 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.

Suggested Citation

  • Rafal Zelazny & Jacek Pietrucha, 2017. "Measuring Innovation And Institution: The Creative Economy Index," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 12(1), pages 43-62, March.
    • Handle: RePEc:pes:ierequ:v:12:y:2017:i:1:p:43-62
    DOI: 10.24136/eq.v12i1.3
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    Citations

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    Cited by:

    1. Iván Boal-San Miguel & Luis César Herrero-Prieto, 2020. "Reliability of Creative Composite Indicators with Territorial Specification in the EU," Sustainability, MDPI, vol. 12(8), pages 1-27, April.
    2. M.A. Afonasova & E.E. Panfilova & M.A. Galichkina, 2018. "Social and Economic Background of Digital Economy: Conditions for Transition," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 292-302.
    3. Beynon, Malcolm J. & Jones, Paul & Pickernell, David, 2023. "Evaluating EU-Region level innovation readiness: A longitudinal analysis using principal component analysis and a constellation graph index approach," Journal of Business Research, Elsevier, vol. 159(C).
    4. Marta Kuc-Czarnecka & Samuele Lo Piano & Andrea Saltelli, 2020. "Quantitative Storytelling in the Making of a Composite Indicator," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(3), pages 775-802, June.
    5. Adrian-Gheorghe Florea & Diana-Cristina Sava & Olivia Andreea Marcu, 2022. "Testing the Catalysts of the Romanian Creative Economy—A Panel Data Analysis Approach," Sustainability, MDPI, vol. 14(21), pages 1-18, November.
    6. repec:mje:mjejnl:v:12:y:2017:i:3:p:31-42 is not listed on IDEAS
    7. Jin, Peizhen & Mangla, Sachin Kumar & Song, Malin, 2022. "The power of innovation diffusion: How patent transfer affects urban innovation quality," Journal of Business Research, Elsevier, vol. 145(C), pages 414-425.
    8. Dorota Czerwińska-Kayzer & Joanna Florek & Ryszard Staniszewski & Dariusz Kayzer, 2021. "Application of Canonical Variate Analysis to Compare Different Groups of Food Industry Companies in Terms of Financial Liquidity and Profitability," Energies, MDPI, vol. 14(15), pages 1-16, August.
    9. repec:mje:mjejnl:v:12:y:2017:i:2:p:71-80 is not listed on IDEAS
    10. Han Han & You Wu & Zhan Su & Francesco Zurlo, 2024. "Design-Driven Innovation in Urban Context—Exploring the Sustainable Development of City Design Weeks," Sustainability, MDPI, vol. 16(3), pages 1-32, February.

    More about this item

    Keywords

    innovations; institutions; creative economy; composite indicator; European Union;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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