Measuring Creative Capacity of Visegrad Four Countries’ Economies

In Region direct. ISSN 1337-8473. Vol. 7, No. 1 (2014), p. 77-104.

22 Pages Posted: 9 Apr 2015

See all articles by Martin Alexy

Martin Alexy

University of Economics in Bratislava

Marek Kacer

University of Leeds - Credit Management Research Centre (CMRC); University of Leeds - Division of Accounting and Finance; University of Economics in Bratislava

Date Written: April 2014

Abstract

In this paper we study creative capacity of economies of Visegrad Four countries in the period 2000-2011. Creativity index is constructed based on the 3Ts concept of talent, technology and tolerance being the key components of the creativity. Creativity index is measured and calculated with both the cross-section and the time series dimensions. The paper provides index as an open source with the description of variables and their respective weights. Comparison of the creative capacity of economies is based on the empirical results of the Creativity index and its components. Czech Republic is the first and Hungary is the second in the ranking continuously during the examined period. Talent and technology areas are the main reasons for differences between the two leading countries and the rest.

Keywords: creativity index, Visegrad four, 3Ts concept

JEL Classification: O10, O30, O34, C10

Suggested Citation

Alexy, Martin and Kacer, Marek, Measuring Creative Capacity of Visegrad Four Countries’ Economies (April 2014). In Region direct. ISSN 1337-8473. Vol. 7, No. 1 (2014), p. 77-104.. Available at SSRN: https://ssrn.com/abstract=2592323

Martin Alexy (Contact Author)

University of Economics in Bratislava ( email )

Dolnozemská cesta 1
Bratislava, 852 35
Slovakia

Marek Kacer

University of Leeds - Credit Management Research Centre (CMRC) ( email )

Leeds, LS2 9JT
United Kingdom

University of Leeds - Division of Accounting and Finance ( email )

Leeds LS2 9JT
United Kingdom

University of Economics in Bratislava ( email )

Dolnozemská cesta 1
Bratislava, 852 35
Slovakia

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