The Importance of Creative Services Firms in Explaining the Wealth of European Regions

Rafael Boix, Blanca De-Miguel-Molina and José Luis Hervas-Oliver
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Blanca De-Miguel-Molina: Politecnic University of Valencia
José Luis Hervas-Oliver: Politecnic University of Valencia

Chapter Chapter 16 in Service Industries and Regions, 2013, pp 387-406 from Springer

Abstract: Abstract This chapter shows the important impact that a specific set of services, those belonging to the creative industries, have on regional economic development and wealth generation. Creative industries are a set of knowledge-based activities focused on the generation of meaning, contents and aesthetic attributes through the use of creativity, skill and talent, and have the potential to create wealth from trade and intellectual property rights. A key hypothesis in this paper is that creative services firms are a “growth driver” that promotes wealth in the regions where they are located. This is due to the fact that firms in creative industries introduce new ideas that are subsequently transferred to other firms of the economy, increasing the output of the whole economy. The objective of the research is to provide causal evidence of the impact of creative services on regional wealth.

Keywords: Gross Domestic Product; Agglomeration Economy; Creative Industry; Aesthetic Attribute; Creative Class (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-35801-2_16

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DOI: 10.1007/978-3-642-35801-2_16

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