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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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    1. Rajeev K. Goel & Daniel P. Rich, 2005. "Organization of Markets for Science and Technology," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(1), pages 1-17, March.
    2. Panayotis Kapopoulos & Sophia Lazaretou, 2009. "Does corporate ownership structure matter for economic growth? A cross-country analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 155-172.
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    6. Antonio Ciccone & Marek Jarociński, 2010. "Determinants of Economic Growth: Will Data Tell?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 222-246, October.
    7. Cortney S. Rodet, 2021. "The wellspring of creativity? Using divergent‐thinking tasks to understand creative characteristics," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(6), pages 1435-1453, September.
    8. Gyedu, Samuel & Heng, Tang & Ntarmah, Albert Henry & He, Yingqi & Frimppong, Emmanuel, 2021. "The impact of innovation on economic growth among G7 and BRICS countries: A GMM style panel vector autoregressive approach," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
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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.
    13. Rajeev Goel & Michael Nelson, 2009. "Determinants of software piracy: economics, institutions, and technology," The Journal of Technology Transfer, Springer, vol. 34(6), pages 637-658, December.
    14. Andrés, Antonio R. & Goel, Rajeev K., 2012. "Does software piracy affect economic growth? Evidence across countries," Journal of Policy Modeling, Elsevier, vol. 34(2), pages 284-295.
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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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