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Role of Creative Industries as a Regional Growth Factor

Author

Listed:
  • Ronny Correa-Quezada

    (Department of Economics, Universidad Técnica Particular de Loja (UTPL), 11-01-608 Loja, Ecuador)

  • José Álvarez-García

    (Financial Economy and Accounting Department, Faculty of Finance, Business and Tourism, University of Extremadura, 10071 Caceres, Spain)

  • María De la Cruz Del Río-Rama

    (Business Organisation and Marketing Department, Faculty of Business Administration and Tourism, University of Vigo, 32004 Ourense, Spain)

  • Claudia Patricia Maldonado-Erazo

    (Department of Business Studies, Universidad Técnica Particular de Loja (UTPL), 11-01-608 Loja, Ecuador)

Abstract

The purpose of this study is to evaluate the impact of employment in creative industries on the regional and national economic growth of Ecuador. The methodology used is a panel econometric model in which the temporary and structural dimensions considered to meet the proposed objective are addressed. The inputs of a basic production function were considered and the influence of creative employment was estimated as a proxy indicator of the work factor and of tax collections as a proxy of the capital factor on regional production for the years 2009 and 2014. Noteworthy is that in the main findings of this research, the analysis of the correspondence of the variables used and the growth show a significant influence of creative employment on regional production and development. The concentration and heterogeneity of employment indicators in the territory is also significant, with the most favoured regions being the same ones whose participation in national production is significant, where the three most important urban axes of the country are also found, which are the leading territories regarding these indicators. Special situations are shown for the rest of the provinces.

Suggested Citation

  • Ronny Correa-Quezada & José Álvarez-García & María De la Cruz Del Río-Rama & Claudia Patricia Maldonado-Erazo, 2018. "Role of Creative Industries as a Regional Growth Factor," Sustainability, MDPI, vol. 10(5), pages 1-14, May.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:5:p:1649-:d:148017
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    References listed on IDEAS

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    1. Linlin Yao & Paravee Maneejuk & Woraphon Yamaka & Jianxu Liu, 2022. "Quantifying the Competitiveness of Cultural Industry and Its Impacts on Chinese Economic Growth," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    2. 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.
    3. Katarzyna Szara, 2019. "Technology as a stimulus for the development of creative capital at the local level on the example of municipalities of the Podkarpackie Voi-vodeship," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(4), pages 499-514, December.
    4. Shiqi Zhou & Songsak Siriboonchitta & WoraphonYamaka & Paravee Maneejuk, 2020. "The impact of cultural industry on economic and employment growth in China," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 6(4), pages 129-137.
    5. Mina Fanea-Ivanovici, 2019. "Filmmaking and Crowdfunding: A Right Match?," Sustainability, MDPI, vol. 11(3), pages 1-30, February.
    6. Iván Boal-San Miguel & Luis César Herrero-Prieto, 2020. "A Spatial–Temporal Analysis of Cultural and Creative Industries with Micro-Geographic Disaggregation," Sustainability, MDPI, vol. 12(16), pages 1-18, August.

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