Search results for "Creative services"
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The Importance of Creative Services Firms in Explaining the Wealth of European Regions
2013
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 transferre…
“I want creative neighbours”. Do creative service industries spillovers cross regional boundaries?
2014
The occurrence of creative service industries (CSI) is a strong determinant of differences in wealth amongst European regions. However, it is unknown if the strong effects are limited to occurring within regional boundaries or whether there are spillover effects into neighbouring regions. The purpose of this paper is to assess the existence of CSI spillover effects on the wealth of neighbouring regions. CSI and spillovers are integrated into both an empirical model and an endogenous growth model. Both models are estimated for a sample of 250 regions in the European Union in 2008. We find that most of the effects of CSI take place within regions, although there is also evidence that CSI has …