A MEASUREMENT ISSUE REGARDING THE LINK BETWEEN A REGION’S CREATIVE INFRASTRUCTURE AND ITS INCOME

Amitrajeet A. BATABYAL

Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA.

aabgsh@rit.edu

Seung JICK YOO

Corresponding Author. Graduate School of International Service, Sookmyung Women’s University, 100 Cheongpa-ro 47-gil, Yongsan-gu, Seoul, Republic of Korea.

sjyoo@sookmyung.ac.kr

Abstract

The creative capital possessed by the members of the creative class in region  is either acquired through education or present innately in these members. Therefore, the creative infrastructure  in the  region is the sum of a part  representing creative capital obtained through education and a second part  denoting creative capital present innately in the creative class members. A researcher wishes to estimate the true relationship between the  region’s log income per creative class member  and its creative infrastructure  He has data on  but not on  We study whether an ordinary least squares (OLS) regression of  on a constant and  will produce an unbiased estimate of the impact of  on  in two cases. In the first case,  and  are uncorrelated. In the second case,  and  are positively correlated.

Keywords: Creative Capital, Creative Infrastructure, Ordinary Least Squares Estimation

JEL classification: L80, C13
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A NOTE ON SCHUMPETERIAN COMPETITION IN THE CREATIVE CLASS AND INNOVATION POLICY

Amitrajeet A. BATABYAL

Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA.

aabgsh@rit.edu

Seung JICK YOO

Corresponding Author. Graduate School of International Service, Sookmyung Women’s University, 100 Cheongpa-ro 47-gil, Yongsan-gu, Seoul, Republic of Korea.

sjyoo@sookmyung.ac.kr

Abstract

We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition and thereby extend aspects of the recent analysis in Batabyal and Yoo (2017). Using the language of these researchers, the creative class is broadly composed of existing and candidate entrepreneurs. In contrast to these researchers, we suppose that R&D by candidate entrepreneurs does not generate any negative externalities. In this setting, we analyze the impact that taxes and subsidies on R&D by existing and candidate entrepreneurs have on R&D expenditures and regional economic growth.

Keywords: Creative Class, Creative Destruction, Economic Growth, Innovation Policy, R&D

JEL classification: R11, O31, O38
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CHANGES IN THE NUMBER OF VISITORS’ OVERNIGHT STAYS IN HOTEL ACCOMMODATIONS AND CAMPSITES IN THE THIRTEEN ADMINISTRATIVE REGIONS OF GREECE : A SHIFT SHARE ANALYSIS APPROACH

Georgios XANTHOS

Department of Bussines Administarion ,ΤΕΙ of Crete , Greece

e-mail xanthosg@staff.teicrete.gr

Nikolaos RODOUSAKIS

Department of Public Administration, Panteion University, Athens, Greece

e-mail  nrodousakis@gmail.com

Abstract

The shift-share method is applied in order to divide a regional value’s change into separate components. The present paper aims to divide the percentage change of the number of overnight stays that took place in hotel and campsite accommodations in the thirteen Greek administrative regions between the years 2003 and 2015 into separate components, by applying the above mentioned method. Arrivals and overnight stays’ data for domestic and international visitors were used for the division of the percentage change of the total number of overnight stays.

Keywords: Shift-share analysis, Arrivals, overnight stays, hotel accommodations

JEL classification: Z30, R58
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