Abstract
China is becoming a leading player in the world market of creative goods and service. In this paper we first seek to explore the development and structure of urban creative industries in China. It indicates that China’s city creative industries is fast increasing during the period of 2004-2008. Secondly, a Data Envelopment Analysis (DEA) model, based on the data of China’s 36 capital and/or sub-provincial cities, is used to estimate the Technical Efficiency (TE) of urban creative industries, where the efficiency scores are decomposed into the Pure Technical Efficiency (PTE) and Scale Efficiency (SE). Due to poor input utilization and scale inefficiency, it shows most of cities in China are falling into the situation with low efficiency development on creative sectors. Finally, the paper provides some implications for policy makers on how to increase creative industries efficiency.
Highlights
As our society moves into the so-called information age when the economic growth is greatly driven by innovation and creativity, the creative industries as one of most dynamic emerging sectors are growing rapidly and becoming a new engine of the world economic growth
A Data Envelopment Analysis (DEA) model, based on the data of China’s 36 capital and/or sub-provincial cities, is used to estimate the Technical Efficiency (TE) of urban creative industries, where the efficiency scores are decomposed into the Pure Technical Efficiency (PTE) and Scale Efficiency (SE)
Creative industries rely on various factors, such as word of mouth, taste, culture, and popularity, in which individual choices are dominated by information feedback over social networks rather than innate preferences and price signals (Potts et al, 2008)
Summary
As our society moves into the so-called information age when the economic growth is greatly driven by innovation and creativity, the creative industries as one of most dynamic emerging sectors are growing rapidly and becoming a new engine of the world economic growth. China has become a leading player in the world market for creative goods with an impressive 20 per cent exporting market share during the period from 2000 to 2008 (UNCTAD, 2010). It is suggested creative industries is on the huge growth in the contemporary economy. The results show the technology efficiency score of urban creative industries is 58.3% during the period of 2002-2008 in China, including pure technical efficiency score of 66.3% and scale efficiency score of 89.3%.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
