THE IMPACT OF CULTURAL-CREATIVE INDUSTRIES ON THE ECONOMIC GROWTH - A QUANTITATIVE APPROACH

Emilia Titan, Voineagu Vergil and Todose Monica ()
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Voineagu Vergil: Academy of Economic Studies Bucharest, Department of Statistics and Econometrics
Todose Monica: Academy of Economic Studies Bucharest, Department of Statistics and Econometrics

Annals of Faculty of Economics, 2008, vol. 2, issue 1, 930-935

Abstract: Culture is a powerful tool to communicate values and to promote objectives of public interest that are broader than wealth creation. The economy of culture entails both cultural and creative sectors. It has to be noted that, along with the development of the information and communication technology (ICT) sector, the contribution of culture to the economy has gradually been acknowledged, in particular with the development of the cultural industries. One way of measuring the economy of culture focuses on the value added to the economy. Also, we present several statistical indicators that quantify the dimension of the cultural-creative field, and identify an econometrical multiple model that reveals the relationship between some of them. In the article it is applied the analysis of variance method in order to identify the existence of significant differences between geographical and between linguistic-cultural European regions, according to the values of some of the statistical indicators.

Keywords: economy of culture; cultural-creative sector; value-added; cultural employment; cultural consumption expenditure; households' cultural expenditure; publishing turnover in manufacturing (search for similar items in EconPapers)
JEL-codes: A10 Z10 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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