The Role of Creative Economy in Economic Growth in Selected Countries

Subject Areas : Journal of Iranian Social Development Studies

Maryam Lashkarizadeh ¹ (Assistant Professor, Department of Economics, West Tehran Branch, Islamic Azad University, Tehran, Iran)

Received: 2021-06-21 Accepted : 2021-06-21 Published : 2021-05-22

Keywords: Creative Economy, Economic growth, GMM,

Abstract :

Creative economy is a powerful engine for the growth, development and continuation of the life of a society. To further flourish this sector, artists, institutions, institutions, cultural organizations and creative businesses produce and distribute creative products and services that create employment, income and ultimately improve The recent development level and experience of countries indicate that creativity is the most important and fundamental factor of economic growth and development. In this study, we tried to investigate the effect of creative goods export index on economic growth of OECD countries during 2002-2015 using GMM approach. The findings of the test confirm that economic growth is also affected by creativity and innovation, as it is related to the components of labor force, capital and human capital. The results also showed that human capitals are effective in influencing creative industries on economic growth. In other words, time education and education can affect economic growth and development that leads to creativity and innovation. Therefore, it is recommended to institutionalize the creativity system in countries by creating innovation bio canvases, preparing the document of creativity preparation and supporting and protecting innovators, to achieve creative economic sustenance and knowledge Realized by human capital, growth and sustainable development.