Estimation of the output value of Taiwan's creativity lifestyle industry

Abstract

Taiwan possesses an efficient transportation system, an excellent living environment and rich cultural resources which are all conducive to the development of creative lifestyle industries. The average industry operator uses sales revenue or total turnover as a substitute for the output value of the industry which easily misleads the public sector in its policy formation and resource allocation decision-making. We suggest that in the next Industry, Commerce and Service Census, the public sector may consider including the creative lifestyle industry, together with other cultural and creativity industries, as part of a project case and change to Fritz Machlup's method which is used to estimate knowledge generation in the US. Each creative lifestyle industry operator would declare its expenditures, including employee salaries, land and facilities lease expenses, interest expenses, utilities, etc. After that, the public sector may follow the method of Michael Rogers Rubin, Mary Taylor Huber and Elizabeth Lloyd Taylor to set up an input-output table in order to find the maximum economic chain effect industry and use this as a focus to guide the development of the creative lifestyle industry.