Role of Creative Industries as a Regional Growth Factor

Ronny Correa-Quezada,María Del Río-Rama,Claudia Maldonado-Erazo,José Álvarez-García

doi:10.3390/su10051649

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.

Highlights

The study of the determining and causal elements of the economic growth of countries is a subject of great interest for many academics, which is why there is an increasing number of studies at the international level [1,2,3]
These studies are developed in the creative economy and creative industries subsector in order to determine how this new trend influences the economic development of the countries or sectors in which they have been introduced [4,5,6,7]
The provinces of the Amazon, the Insular Region, and Bolivar, which constitute 41% of the national territory, are at the other extreme, with individual participation being less than 1%, and together, not exceeding 4%

Summary

Introduction

The study of the determining and causal elements of the economic growth of countries is a subject of great interest for many academics, which is why there is an increasing number of studies at the international level [1,2,3]. In the last two decades of this century, creativity has been incorporated as a differentiating element of study [22,23,24,25,26] In this sense, the incorporation of creativity as a driver for growth is attributed to Florida (2004), with the introduction of the creative class. This last model, which considers the creativity dimension, is taken into account as a reference in this research

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Conclusion