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Does creativity foster economic growth?

(2021)

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DeMeyer_28141900_2021.pdf
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Abstract
The concept of creativity and its impact on economic growth have been receiving an increased interest from both researchers and policy-makers. However, there remains a gap between this rising interest on the one hand, and the lack of empirical research on this topic in the economic literature on the other. The purpose of this thesis is therefore to develop a better understanding of the relationship between creativity and economic growth. I first establish a working definition of creativity. In a second step, via a literature review, I notice that the relationship between creativity and growth is neither empirically tested, nor theoretically developed. I then identify three potential intermediate variables via which creativity might influence economic growth: innovation, human capital, and entrepreneurship. After a theoretical exploration, I propose an empirical exercise to support this new model. This thesis highlights a key gap in the economic literature, and develops an original model linking creativity and economic growth.