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Contributions of creative outputs to economic growth: A disaggregated analysis

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  • Rajeev K. Goel

Abstract

This paper studies contributions of creative outputs to economic growth across a sample of 131 nations. Results show that the contributions of overall creative outputs to economic growth are statistically insignificant; however, upon disaggregation, creative goods and services show positive growth dividends, especially in 5‐year growth. In contrast, growth returns from capital formation are more immediate, while those from labor are diffused. ISO quality certifications showed positive growth effects. When contributions of creative goods were examined across nations with different growth rates, creative goods and services positively contributed to 5‐year growth in median growth nations, but not elsewhere.

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  • Rajeev K. Goel, 2022. "Contributions of creative outputs to economic growth: A disaggregated analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3872-3881, December.
    • Handle: RePEc:wly:mgtdec:v:43:y:2022:i:8:p:3872-3881
    DOI: 10.1002/mde.3634
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    References listed on IDEAS

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    12. Rajeev K. Goel & James W. Saunoris & Xingyuan Zhang, 2016. "Intranational And International Knowledge Flows: Effects On The Formal And Informal Sectors," Contemporary Economic Policy, Western Economic Association International, vol. 34(2), pages 297-311, April.
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    1. Zhang Meili & Li Baizhou, 2023. "How Does Regional R&D Investment Agglomeration Affect High-Quality Economic Development? Evidence From China," SAGE Open, , vol. 13(4), pages 21582440231, December.
    2. Moid, Md Zubab Ibne & Buaka, Emefa & Link, Albert, 2023. "Enhancing the Knowledge Economy: A Cross-Country Study of Knowledge Creation," UNCG Economics Working Papers 23-8, University of North Carolina at Greensboro, Department of Economics.

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