scholarly journals Dynamic Models of the Creative Industries’ Entities in the Globalized Environment

2021 ◽  
Vol 92 ◽  
pp. 08021
Author(s):  
Mária Trúchliková ◽  
Mária Kmety Barteková
Keyword(s):  
Economic Growth ◽  
Dynamic Models ◽  
Research Question ◽  
Economic Value ◽  
Value Added ◽  
Creative Industries ◽  
Point Of View ◽  
Policy Framework ◽  
Set Up ◽  
Innovation Approach

Research background: The creative industries, from this point of view, have dynamic and not just static economic value. They supply the economic growth and development over and above their addition to culture and society. Purpose of the article: The aim of this paper is to analyse the two models that present the two potential answers to the research question: namely expansion and modernization. This paper will summarize these two models and assemble a sample of remaining evidence to set up the process of separating among them. Methods: However, this paper does not seek a complete study. For that, a much more precise approach to modelling, data and statistical analysis would be required. We provide here only a concept of the classes of models suggested and an explanation of how different sorts of data might be applied to them. The model of economic growth actively involves the creative industries in the growth of the whole economy. The second model – model of innovation as suggested for the effect of science, education and technology in the national systems of innovation approach. The creative industries, in the second model, come from and integrate change in the knowledge base of the economy. Findings & Value added: We proposed the two possible primary relations between the creative industries’ entities and the rest of the economy. We define the relation of each model to various theoretical foundations and the relevant policy framework in each situation.

scholarly journals How entrepreneurship, culture and universities influence the geographical distribution of UK talent and city growth

2017 ◽  
Vol 36 (2) ◽  
pp. 178-195 ◽  
Author(s):  
Marc Cowling ◽  
Neil Lee
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Value ◽  
Value Added ◽  
Content Type ◽  
Knowledge Based ◽  
Economic Landscape ◽  
The Uk ◽  
The City ◽  
Innovative Capacity

Purpose The creation and distribution of human capital, often termed talent, has been recognised in economic geography as an important factor in the locational decisions of firms (Florida, 2002), and at a more general level as a key driver of economic growth (Romer, 1990). The purpose of this paper is to consider how talent is created and distributed across the cities of the UK and the key factors which are driving this spatial distribution. They also consider what the economic outcomes of these disparities are for cities. Design/methodology/approach The multivariate models can estimate the dynamic inter-relationships between human capital (talent), innovative capacity, and economic value added. These can be estimated, using talent as an example, in the form: human capital measurei =α0i+α1i innovative capacity +α2i quality of life + α3i labour market indicators + α4i economic indicators + α5i HEI indicators + β6i population demographics + β7i population + υi. Findings The first finding is that talent is unequally distributed across cities, with some having three times more highly educated workers than others. Talent concentration at the city level is associated with entrepreneurial activity, culture, the presence of a university, and to a lesser degree the housing market. This feeds into more knowledge-based industry, which is associated with higher gross value added. Research limitations/implications The research is limited in a practical sense by the fact that UK data at this level have only become available quite recently. Thus, it is only possible to capture talent flows and city growth in a relatively small window. But the prospects going forward will allow more detailed analysis at the city level of the relationship between talent flows and local economic growth. And additional insights could be considered relating to the on-going changes in the UK university system. Practical implications The question of whether universities are simply producers of talent or play a much broader and deeper role in the socio-economic landscape and outcomes of cities is an open one. This research has identified what the key drivers of city level economic growth and knowledge creation are, and sought to explain why some cities are capable of attracting and harnessing three times more talent than other cities. This has significant implications for the future development of UK cities and for those seeking to address these imbalances. Social implications Universities are a major economic agent in their own right, but they are increasingly being asked to play a wider role in local economic development. The authors’ evidence suggests that universities do play a wider role in the growth and development of cities, but that there are large discrepancies in the subsequent spatial distribution of the talent they create. And this has significant implications for those seeking to address these imbalances and promote a broader and less unequal economic landscape. Originality/value The authors explore how cities create economic value via a process whereby talent is attracted and then this stimulates knowledge-based industry activity. The originality relates to several key aspects of the work. First, the authors look at the stock of talent, and then the authors explore how “new” talent from universities is attracted by looking at graduate flows around the cities of the UK, differentiating between top-level graduates and less talented graduates. The authors then allow a wide variety of economic, cultural, and population factors to influence the locational decision of talented people. The results highlight the complexity of this decision.

scholarly journals Kontribusi Private Investment Dan Belanja Modal Pemerintah Terhadap Nilai Tambah Ekonomi Dan Penyerapan Tenaga Kerja Kab/Kota Hight Economic Di Provinsi Jawa Timur (Kota Surabaya, Kota Kediri, Kab.Sidoarjo, Kab.Gresik)

2012 ◽  
Vol 4 (1) ◽  
pp. 90
Author(s):  
Didin Fatihudin
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Capital Expenditure ◽  
Economic Value ◽  
Production Capacity ◽  
Value Added ◽  
Private Investment ◽  
Economic Value Added ◽  
Determinants Of Economic Growth ◽  
Capital Intensive

AbstractThe accumulation of capital in one of the determinants of economic growth factors in addition to the economic potential and population. Private investment and government capital expenditure is the implementation of capital accumulation then spent again to enlarge the production capacity and increase asset value. This study gives an overview of how the contribution of private investment and government capital expenditure of district/city economic hight on economic value added and employment in the province of East Java. District/city Surabaya, Kediri, Sidoarjo and Gresik selected from 38 districts/cities in East Java Province. The method of research used samples expost Pacto and purposive sampling techniques. Data obtained from the Central Bureau of Statistics, the Investment Coordinating Board and the Finance Bureau of East Java Governor's Office for five years from 2002 to 2006. Data processing is done manually assisted with Excel and SPSS software program. The results showed that the change in private investment and government capital spending districts / cities have contributed to the change in economic value added and the employment / town in East Java. Private investment and government capital expenditure is very important to increase economic activities in the region. Economic growth districts / cities that use capital-intensive approach (capital intensive) will not be able to absorb labor and expansion of new jobs as experienced Kediri, unless economic growth with labor-intensive approaches (labor intensive).

scholarly journals The Impacts Analysis of Creative-Products Export on the Economy

JEJAK ◽  
2018 ◽  
Vol 11 (1) ◽  
pp. 92-107
Author(s):  
Muhammad Sukma ◽  
Djoni Hartono ◽  
Socia Prihawantoro
Keyword(s):  
Economic Growth ◽  
Value Added ◽  
Creative Industries ◽  
Creative Industry ◽  
Input Output ◽  
Creative Products ◽  
Multiplier Effects ◽  
Backward Linkages

The increase of export value of creative industry in the middle of the declining export value of Indonesia's leading commodities during the period of 2011 to 2015 indicates that the creative industry potentially encourages the economic growth in Indonesia. This study aims to observe the linkages of creative industries, both forward and backward linkages, with other sectors in the economy. This study also examines the impacts of the increasing export on the fashion and craft sectors, as the two largest contributors to the export of creative industries, towards the Indonesian economy. Applying the Input-Output approach, the influence of the export of fashion and craft sectors towards the Indonesian economy is seen from the multiplier effects on the increasing value added, community income and labor absorption. The results show that fashion exports increased the national value added by 0.06%; community income 0.06% and employment 0.11%. Similarly, craft exports increased the national value added by 0.05%; income by 0.05% and employment by 0.11%. The largest increase is in the labor absorption; this is because the fashion and craft sectors are labor intensive sectors.

scholarly journals Dynamic Modeling, Parameter Estimation and Uncertainty Analysis in 𝗥

2016 ◽  
Author(s):  
Daniel Kaschek ◽  
Wolfgang Mader ◽  
Mirjam Fehling-Kaschek ◽  
Marcus Rosenblatt ◽  
Jens Timmer
Keyword(s):  
Inverse Problem ◽  
Parameter Estimation ◽  
Uncertainty Analysis ◽  
Dynamic Modeling ◽  
Dynamic Models ◽  
R Package ◽  
Automatic Generation ◽  
Point Of View ◽  
Set Up ◽  
Parameter Values

AbstractIn a wide variety of research elds, dynamic modeling is employed as an instrument to learn and understand complex systems. The differential equations involved in this process are usually non-linear and depend on many parameters whose values decide upon the characteristics of the emergent system. The inverse problem, i.e. the inference or estimation of parameter values from observed data, is of interest from two points of view. First, the existence point of view, dealing with the question whether the system is able to reproduce the observed dynamics for any parameter values. Second, the identi ability point of view, investigating invariance of the prediction under change of parameter values, as well as the quanti cation of parameter uncertainty.In this paper, we present the R packagedModproviding a framework for dealing with the inverse problem in dynamic systems. The particularity of the approach taken bydModis to provide and propagate accurate derivatives computed from symbolic expres-sions wherever possible. This derivative information highly supports the convergence of optimization routines and enhances their numerical stability, a requirement for the appli-cability of so sticated uncertainty analysis methods. Computational efficiency is achieved by automatic generation and execution of C code. The framework is object oriented (S3) and provides a variety of functions to set up dynamic models, observation functions and parameter transformations for multi-conditional parameter estimation.The key elements of the framework and the methodology implemented indModare highlighted by an application on a three-compartment transporter model.

scholarly journals Co-Created Values in Crowdfunding for Sustainable Development of Enterprises

2021 ◽  
Vol 13 (16) ◽  
pp. 8767
Author(s):  
Maria Kukurba ◽  
Aneta Ewa Waszkiewicz ◽  
Mariusz Salwin ◽  
Andrzej Kraslawski
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Value ◽  
Value Added ◽  
Point Of View ◽  
Added Value ◽  
Value Analysis ◽  
Company Value ◽  
Theory Of Value ◽  
Medium Enterprises ◽  
The Impact

Crowdfunding (CF) is considered to be an innovative source of funding, and research into its effects on CF participants is being conducted from many different angles. In our article, we propose a qualitative analysis of CF’s impact on creating added value for small and medium enterprises (SMEs). This paper is a conceptual study based on the theory of value co-creation, the Norton–Kaplan value model, and the concept of economic value added (EVA) to identify the areas (perspectives) of business activity where crowdfunding may stimulate the growth of company value. Based on the map of co-relations in crowdfunding that we have created, we propose a new model of crowdfunding value analysis from the entrepreneur’s point of view. Our research demonstrates that crowdfunding not only presents an alternative financing option, but also affects all perspectives relevant to value creation. As compared to the existing literature, this analysis is the most comprehensive take on the importance of crowdfunding for increasing the value of small and medium enterprises to date, thus offering a material contribution to the fuller understanding of crowdfunding from the financial standpoint, as well as pointing to the importance of crowdfunding as a financing method influencing sustainable decision-making by small and medium enterprises (SMEs). The added value of the study is the proposed method of analysing the impact of CF on the value of enterprises by using the Norton–Kaplan model and EVA.

scholarly journals Basis of economic analysis of Czech firms

2010 ◽  
Vol 58 (3) ◽  
pp. 79-84 ◽  
Author(s):  
Gabriela Chmelíková
Keyword(s):  
Financial Management ◽  
Empirical Studies ◽  
Economic Value ◽  
Value Added ◽  
Point Of View ◽  
Superior Performance ◽  
Theoretical Point ◽  
Economic Value Added ◽  
Performance Metric ◽  
Economic View

When looking for connections between particular business’s activities, theory of financial management uses pyramidal system of indicators. The effectiveness of this tool is based on the appropriate choice of the top indicator. Its decomposition enables to manage firm’s processes from the bottommost organizational levels to the main firm’s mission with respect to the connections between par­ti­cu­lar processes. The aim of this paper was to identify appropriate indicator, which corresponds with creation of firm’s value and design its decomposition. To measure creation of firm’s value it is nowadays very popular to use indicator Economic Value Added (EVA). Though from the theoretical point of view EVA is seen as a superior performance metric, the results of some empirical studies do not support this claim. That is why the information content of EVA was controlled in the concrete conditions of Czech Economy within this article. The results showed eligibility of using EVA in Czech firms and enabled to choose it as the top indicator in the pyramidal system. Ambition of further research is to design a complex of indicators offering a comprehensive economic view on the firm’s per­for­man­ce.

scholarly journals Direito autoral e economia criativa: a construção de uma economia preocupada com a criatividade | Copyrights and the creative economy: the construction of an economy preoccupied with creativity

2011 ◽  
Vol 7 (2) ◽  
Author(s):  
Marcos Wachowicz ◽  
Rodrigo Otávio Cruz e Silva
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
New Technologies ◽  
Economic Value ◽  
Essential Element ◽  
Creative Industries ◽  
Creative Economy ◽  
Transmission Of Knowledge ◽  
New Concepts ◽  
Technological Tools

Resumo A Economia Criativa compreende atividades resultantes da imaginação de indivíduos, com valor econômico. A sociedade informacional tem ainda a economia como fonte de grandes transformações, influência que se aplica também de forma inversa. Nesse ponto, a criatividade hoje, ligada à inovação, à tecnologia, à produção e à transmissão do conhecimento, é vista para muito além do simples pensar e do criar, é um elemento indispensável à economia e à sociedade, pois uma sociedade que anseia por informações e pelo desenvolvimento cada vez maior de novas tecnologias para servir consumidores exigentes não pode se imaginar sem criatividade. O presente artigo busca formular os fundamentos para a construção de um Marco Regulatório para a Economia Criativa no Brasil. Isto a partir do entendimento de que a Economia Criativa promove o desenvolvimento sustentável e humano, de forma inclusiva social e tecnologicamente, ou seja, não se trata uma visão de mero crescimento econômico. Isto porque os novos conceitos inerentes à Economia Criativa alcançam o uso das ferramentas tecnológicas (TICs) nas suas interfaces com a educação, a arquitetura, o design, a formação de agentes criativos, os Arranjos Produtivos Locais (APL) e os Setores Criativos (SCs).Palavras-chave direito autoral – economia criativa – desenvolvimento sustentável Abstract The Creative Economy includes activities resulting from the imagination of individuals, with economic value. Informational Society is still the economy as a source of great changes, influence which also applies in reverse. At this point, creativity today, linked to innovation, technology, production and transmission of knowledge, is seen far beyond mere thinking and creating, it is an essential element of the economy and a society that yearns for information and the increasing development of new technologies to serve demanding consumers can not be imagined without creativity. This article seeks to formulate the foundation forthe construction of a Regulatory Framework for the Creative Economy in Brazil. This is based on the understanding that the Creative Economy and Sustainable Development promotes the human, social and technologically inclusive way, i.e. it is not a simple vision of economic growth. This is because the new concepts inherent in the Creative Economy embrace the use of technological tools (ICTs) in its interface with education, architecture, design, training of creative, the Local Productive Arrangement (APL) and the creative industries (CIs). Keywords Copyright, Creative Economy, Sustainable development

Analisis Kinerja Keuangan Perusahaan dengan Menggunakan Pendekatan Economic Value Added (EVA) dan Market Value Added (MVA) (Studi Kasus pada PT Astra International, Tbk. Periode Tahun 20082012)

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Abdul Hamid
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Stock Price ◽  
Economic Value ◽  
Composite Index ◽  
Value Added ◽  
Secondary Data ◽  
Study Approach ◽  
Market Value Added ◽  
The Interest Rate

This study is a qualitative study using a case study approach to the PT. Astra International, Tbk. The object of this research is PT. Astra International, Tbk. PT. Astra International, Tbk is a company engaged in six business sectors, namely: automotive,financial services, heavy equipment, mining and energy, agribusiness, information technology, infrastructure and logistics. Researchers chose PT. Astra International, Tbk as research objects due in the year 2012, PT. Astra International, Tbk managed to rank first in the list of 100 Best Companies to Go Public by the 2011 financial performance of Fortune magazines Indonesia. The data used in this research is secondary data, the financial statements. Astra International, Tbk 20082012. Other secondary data used is the interest rate of Bank Indonesia Certificates (SBI), the Jakarta Composite Index (JCI), and thecompanys stock price began the year 20082012. This study aims to determine the companys financial performance by the use of EVA and MVA approach, therefore the data analysis technique used is the EVA and MVA. Based on the value EVA of the year 2008 2012, PT. Astra International, Tbk has good financial performance that managed to meet the expectations of the company and the investors. Based on the value of MVA during the years 20082012, PT. Astra International, Tbk managed to create wealth and prosperity for companies and investors. It concluded that financial performance. AstraInternational, Tbk for five years was satisfactory.

The Contribution of Foreign Direct Investment for Economic Growth of Ethiopia: Time Series Analysis

2018 ◽  
Vol 9 (02) ◽  
Author(s):  
Addissie Melak
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Time Series Analysis ◽  
Direct Investment ◽  
Policy Framework ◽  
Annual Growth Rate ◽  
African Countries ◽  
Series Analysis ◽  
Integration Test

Economic growth of countries is one of the fundamental questions in economics. Most African countries are opening their economies for welcoming of foreign investors. As such Ethiopia, like many African countries took measures to attract and improve foreign direct investment. The purpose of this study is to examine the contribution of foreign direct investment (FDI) for economic growth of Ethiopia over the period of 1981-2013. The study shows an overview of Ethiopian economy and investment environment by the help of descriptive and econometric methods of analysis to establish empirical investigation for the contribution of FDI on Ethiopian economy. OLS method of time series analysis is employed to analyse the data. The stationary of the variables have been checked by using Augmented Dickey Fuller (ADF) Unit Root test and hence they are stationery at first difference. The co- integration test also shows that there is a long run relationship between the dependent and independent variables. Accordingly, the finding of the study shows that FDI, GDP per capita, exchange rate, total investment as percentage of GDP, inflow of FDI stock, trade as percentage of GDP, annual growth rate of GDP and liberalization of the economy have positive impact on Ethiopian GDP. Whereas Gross fixed domestic investment, inflows of FDI and Gross capital formation influence economic growth of Ethiopia negatively. This finding suggests that there should be better policy framework to attract and improve the volume of FDI through creating conducive environment for investment.

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