IDEAS home Printed from https://ideas.repec.org/a/ete/revbec/20080402.html
   My bibliography  Save this article

A Composite Index of the Creative Economy

Author

Listed:
  • H. P. Bowen
  • W. Moesen
  • L. Sleuwaegen

Abstract

This article develops and presents a “Composite Indicator of the Creative Economy” (CICE). The CICE is a summary measure of an entity’s (e.g., a region’s) creative capacity or capability in three key dimensions: Innovation, Entrepreneurship and Openness. To develop the CICE we use an innovative method to determine the weights used to “add-up” the information contained in the data on the three dimensions. Our method – endogenous weighting – allows each entity (e.g., region) to have its own set of the weights, which are chosen to maximize the entity’s CICE score value. We use our endogenous weight methodology to benchmark the creative capacity of nine regions: Baden-Württemberg, Catalonia, Flanders, Lombardy, Maryland, Nord-Pas-De-Calais, Quebec, Rhône-Alpes, Scotland. Our analysis shows that Baden-Württemberg ranks highest in terms of creative capacity while Nord-Pas- De-Calais ranks lowest. Among the nine regions, Flanders ranks 3rd in creative capacity behind 2nd ranked Maryland. However, Flanders’ rank masks that its CICE score value is 25% below that of Baden-Württemberg and 11% below that of Maryland, indicating a non-trivial gap in creative capacity between Flanders and “best practice.”

Suggested Citation

  • H. P. Bowen & W. Moesen & L. Sleuwaegen, 2008. "A Composite Index of the Creative Economy," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business, Review of Business and Economic Literature, vol. 0(4), pages 375-397.
  • Handle: RePEc:ete:revbec:20080402
    as

    Download full text from publisher

    File URL: https://lirias.kuleuven.be/bitstream/123456789/205867/2/2008-4+-+Sleuwaegen+et+al.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Igor Dubina & Elias Carayannis & David Campbell, 2012. "Creativity Economy and a Crisis of the Economy? Coevolution of Knowledge, Innovation, and Creativity, and of the Knowledge Economy and Knowledge Society," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 3(1), pages 1-24, March.

    More about this item

    Keywords

    Creative economy; innovation; entrepreneurship;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ete:revbec:20080402. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (library EBIB). General contact details of provider: http://edirc.repec.org/data/fekulbe.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.