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Contributions of creative outputs to economic growth: A disaggregated analysis

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  • Goel, Rajeev K.

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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  • Goel, Rajeev K., 2022. "Contributions of creative outputs to economic growth: A disaggregated analysis," Open Access Publications from Kiel Institute for the World Economy 307991, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:307991
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    Cited by:

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    2. Md Zubab Ibne Moid & Emefa Surprize Deborah Buaka & Albert N. Link, 2024. "Enhancing the Knowledge Economy: a Cross-Country Study of Knowledge Creation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 11388-11396, September.

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    Keywords

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    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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