ECONOMETRIC ANALYSIS OF CREATIVE ECONOMY EFFICIENCY IN ADVANCED COUNTRIES (USING DEA)

Abstract

This article presents an econometric analysis of the creative economy efficiency in advanced countries using Data Envelopment Analysis (DEA). The main goal of the study is to evaluate the potential for increasing creative exports (output) under the conditions of given input resources (GDP per capita, ICT use, and patents) using an output-oriented model. The results show that Singapore and the UK are utilizing 100% of their existing capabilities, while South Korea and the UAE have the potential to increase their creative product exports by 106.6% and 6.7%, respectively.