THE IMPACT OF CREATIVITY AS A FACTOR OF ECONOMIC DEVELOPMENT ON GDP GROWTH IN EU COUNTRIES DOI Creative Commons
Robert Leščinskij, Olga Iurasova, Jolita Šliogerienė

и другие.

Baltic Journal of Economic Studies, Год журнала: 2025, Номер 11(1), С. 135 - 146

Опубликована: Март 13, 2025

This study examines the critical role of creativity in economic development and its significant impact on GDP growth within European Union. Using Principal Component Analysis (PCA), evaluates quantifies specific indicators creative performance. Based data collected from 28 EU countries Switzerland, analysis shows that regions characterised by a higher concentration activity innovation infrastructure tend to have growth. The methodology involves careful selection, standardisation evaluation key variables representing development, ensuring consistency comparisons across countries. PCA allows complex datasets be distilled into three principal components together account for 78.33% total variance, providing comprehensive view multidimensional nature activity. primary aim this research is explore how can act as driver sustainable provide practical recommendations policy makers seeking maximise potential. findings highlight important human capital, cultural vibrancy industries fostering regional resilience innovation. Among factors examined, number R&D personnel per million inhabitants emerges determinant, with strong positive correlation capita. In addition, share employees innovative firms presence design-oriented were found drivers growth, highlighting importance different sectors economy. concludes supporting industries, increasing investment an environment conducive are essential strategies even resource-constrained regions. These need institutional support targeted policies develop potential stimulate progress. advances understanding structured framework future analysis. authors exhort policymakers employ these insights devise initiatives harness means attain long-term resilience, innovation, competitiveness evolving global present prompts investigation, particular focus direct sectors, such technology or

Язык: Английский

THE IMPACT OF CREATIVITY AS A FACTOR OF ECONOMIC DEVELOPMENT ON GDP GROWTH IN EU COUNTRIES DOI Creative Commons
Robert Leščinskij, Olga Iurasova, Jolita Šliogerienė

и другие.

Baltic Journal of Economic Studies, Год журнала: 2025, Номер 11(1), С. 135 - 146

Опубликована: Март 13, 2025

This study examines the critical role of creativity in economic development and its significant impact on GDP growth within European Union. Using Principal Component Analysis (PCA), evaluates quantifies specific indicators creative performance. Based data collected from 28 EU countries Switzerland, analysis shows that regions characterised by a higher concentration activity innovation infrastructure tend to have growth. The methodology involves careful selection, standardisation evaluation key variables representing development, ensuring consistency comparisons across countries. PCA allows complex datasets be distilled into three principal components together account for 78.33% total variance, providing comprehensive view multidimensional nature activity. primary aim this research is explore how can act as driver sustainable provide practical recommendations policy makers seeking maximise potential. findings highlight important human capital, cultural vibrancy industries fostering regional resilience innovation. Among factors examined, number R&D personnel per million inhabitants emerges determinant, with strong positive correlation capita. In addition, share employees innovative firms presence design-oriented were found drivers growth, highlighting importance different sectors economy. concludes supporting industries, increasing investment an environment conducive are essential strategies even resource-constrained regions. These need institutional support targeted policies develop potential stimulate progress. advances understanding structured framework future analysis. authors exhort policymakers employ these insights devise initiatives harness means attain long-term resilience, innovation, competitiveness evolving global present prompts investigation, particular focus direct sectors, such technology or

Язык: Английский

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