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Why creative industries matter to economic evolution

Potts, Jason D. (2009) Why creative industries matter to economic evolution. Economics of Innovation and New Technology, 18(7-8), pp. 663-673.

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Abstract

This paper proposes that the 'creative industries'(CIs) play an important yet widely unexamined function in economic evolution through their role in the innovation process. This occurs in terms of the facilitation of demand for novelty, the provision and development of social technologies for producer-consumer interactions, and the adoption and embedding of new technologies as institutions. The incorporation of CIs into the Schumpeterian model of economic evolution thus fills a notable gap in the social technologies of the origination, adoption and retention of innovation.

Impact and interest:

11 citations in Scopus
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ID Code: 29916
Item Type: Journal Article
Keywords: Creative industries, economic evolution, innovation system
DOI: 10.1080/10438590802564592
ISSN: 1043-8599
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > OTHER ECONOMICS (149900) > Heterodox Economics (149903)
Divisions: Current > Research Centres > ARC Centre of Excellence for Creative Industries and Innovation
Current > QUT Faculties and Divisions > Creative Industries Faculty
Copyright Owner: Copyright 2009 Taylor & Francis
Deposited On: 22 Jan 2010 10:34
Last Modified: 01 Mar 2012 00:05

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