Role of Creative Industries as a Regional Growth Factor

Ronny Correa-Quezada, José Álvarez-García, María De la Cruz Del Río-Rama and Claudia Patricia Maldonado-Erazo
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José Álvarez-García: Financial Economy and Accounting Department, Faculty of Finance, Business and Tourism, University of Extremadura, 10071 Caceres, Spain
María De la Cruz Del Río-Rama: Business Organisation and Marketing Department, Faculty of Business Administration and Tourism, University of Vigo, 32004 Ourense, Spain
Claudia Patricia Maldonado-Erazo: Department of Business Studies, Universidad Técnica Particular de Loja (UTPL), 11-01-608 Loja, Ecuador

Sustainability, 2018, vol. 10, issue 5, 1-14

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.

Keywords: creative industries; employment; regional growth; Ecuador (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:5:p:1649-:d:148017

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