West Science Journal Economic and Entrepreneurship
Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship

The Impact of Creative Industries on Economic Growth: Case Studies in Developing Countries in Malaysia and Indonesia

Muhammad Syafri (Universitas Negeri Makassar)
Mochammad Syafiuddin Shobirin (Universitas KH. A. Wahab Hasbullah)
Dhiana Ekowati (Sekolah Tinggi Ilmu Ekonomi Nusa Megarkencana)
Nuril Maghfirah (Institut Agama Islam Negeri Kudus)



Article Info

Publish Date
31 Oct 2023

Abstract

This research presents a comprehensive examination of the impact of the creative industry on economic growth in the developing nations of Malaysia and Indonesia. Utilizing a mixed-methods approach, combining quantitative analyses and qualitative insights, the study explores the intricate relationships between creative industry performance, government policies, and cultural dynamics. Quantitative results reveal a statistically significant positive correlation between the creative industry and economic growth in both countries, with variations observed in export earnings and innovation. Government policies were found to significantly influence the creative sector's contribution to GDP. Qualitative findings underscore the pivotal role of cultural dynamics in shaping creative outputs and highlight challenges and opportunities within the industry. The synthesis of these results offers valuable insights for policymakers, economists, and stakeholders seeking to harness the economic potential of the creative industry for sustainable development in diverse socio-cultural contexts.

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Journal Info

Abbrev

wsee

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...