Composite indices for the creative economy: a review and evaluation

Abstract

This study focuses on creativity indices by conducting a comprehensive literature review that provides an overview of the scope and methodological characteristics of existing indices.The assessment of the indicators’ ability to capture the complexity of the concept of creative industries shows that the measurement of creativity indices is still fraught with theoretical and methodological problems. The main challenges in measuring are: (a) lack of construct definition; (b) lack of sub-dimensions; (c) lack of multivariate analyses and univariate analyses; (d) complete absence of evidence for imputation procedures for missing values; (e) absence of robustness and sensitivity tests; (f) absence of validity tests; and (g) complete absence of a backward decomposition procedure. The lack of transparency is widespread in the observed studies, and an index accompanied by detailed statistical analysis is a rare case in the observed literature.

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