Academic Journal
Driving economic growth in GCC countries: the power of diversification and the complexity of creative industries.
| Title: | Driving economic growth in GCC countries: the power of diversification and the complexity of creative industries. |
|---|---|
| Authors: | Saboori, Behnaz1 (AUTHOR) b.saboori1@squ.edu.om, Ranjbar, Omid2 (AUTHOR) |
| Source: | Creative Industries Journal. Sep2026, p1-26. 26p. 8 Illustrations. |
| Subject Terms: | *Diversification in industry, *Cultural industries, *Economic expansion, *Generalized method of moments, Baskets |
| Geographic Terms: | United Arab Emirates, Qatar |
| Company/Entity: | Gulf Cooperation Council |
| Abstract: | AbstractThis study examines the economic growth implications of creative industries in GCC countries, emphasising the necessity of diversifying creative product export baskets by transitioning towards higher-complexity products, enhancing production capabilities, and identifying potential export markets. Using data from 2003 to 2022, the research analyzes the dynamics, diversification levels and complexity of creative product exports in the GCC. It also employs the System Generalised Method of Moments estimator to investigate the causality between creative products and economic growth. The diversification level of creative product export baskets is measured using three indices—the Theil index, Gini coefficient and Herfindahl–Hirschman Index—reveals that these baskets are highly concentrated. The findings suggest that most creative products exported by GCC countries are of low complexity, which limits their potential to drive economic growth. While the UAE leads in total exports, Qatar—despite having the lowest export volume—has a higher share of complex products. The results indicate that diversification has a positive impact on economic growth, supporting the diversification-led growth hypothesis. The study recommends that GCC countries diversify the intensive margin of their creative product baskets by increasing the share of active, complex products, thereby boosting both diversification and complexity, thus promoting economic growth. [ABSTRACT FROM AUTHOR] |
| Copyright of Creative Industries Journal is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Business Source Index |
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| Items | – Name: Title Label: Title Group: Ti Data: Driving economic growth in GCC countries: the power of diversification and the complexity of creative industries. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Saboori%2C+Behnaz%22">Saboori, Behnaz</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> b.saboori1@squ.edu.om</i><br /><searchLink fieldCode="AR" term="%22Ranjbar%2C+Omid%22">Ranjbar, Omid</searchLink><relatesTo>2</relatesTo> (AUTHOR) – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Creative+Industries+Journal%22">Creative Industries Journal</searchLink>. Sep2026, p1-26. 26p. 8 Illustrations. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Diversification+in+industry%22">Diversification in industry</searchLink><br />*<searchLink fieldCode="DE" term="%22Cultural+industries%22">Cultural industries</searchLink><br />*<searchLink fieldCode="DE" term="%22Economic+expansion%22">Economic expansion</searchLink><br />*<searchLink fieldCode="DE" term="%22Generalized+method+of+moments%22">Generalized method of moments</searchLink><br /><searchLink fieldCode="DE" term="%22Baskets%22">Baskets</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22United+Arab+Emirates%22">United Arab Emirates</searchLink><br /><searchLink fieldCode="DE" term="%22Qatar%22">Qatar</searchLink> – Name: SubjectCompany Label: Company/Entity Group: Su Data: <searchLink fieldCode="DE" term="%22Gulf+Cooperation+Council%22">Gulf Cooperation Council</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: AbstractThis study examines the economic growth implications of creative industries in GCC countries, emphasising the necessity of diversifying creative product export baskets by transitioning towards higher-complexity products, enhancing production capabilities, and identifying potential export markets. Using data from 2003 to 2022, the research analyzes the dynamics, diversification levels and complexity of creative product exports in the GCC. It also employs the System Generalised Method of Moments estimator to investigate the causality between creative products and economic growth. The diversification level of creative product export baskets is measured using three indices—the Theil index, Gini coefficient and Herfindahl–Hirschman Index—reveals that these baskets are highly concentrated. The findings suggest that most creative products exported by GCC countries are of low complexity, which limits their potential to drive economic growth. While the UAE leads in total exports, Qatar—despite having the lowest export volume—has a higher share of complex products. The results indicate that diversification has a positive impact on economic growth, supporting the diversification-led growth hypothesis. The study recommends that GCC countries diversify the intensive margin of their creative product baskets by increasing the share of active, complex products, thereby boosting both diversification and complexity, thus promoting economic growth. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Creative Industries Journal is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1080/17510694.2026.2739168 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 26 StartPage: 1 Subjects: – SubjectFull: Diversification in industry Type: general – SubjectFull: Cultural industries Type: general – SubjectFull: Economic expansion Type: general – SubjectFull: Generalized method of moments Type: general – SubjectFull: Baskets Type: general – SubjectFull: United Arab Emirates Type: general – SubjectFull: Qatar Type: general – SubjectFull: Gulf Cooperation Council Type: general Titles: – TitleFull: Driving economic growth in GCC countries: the power of diversification and the complexity of creative industries. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Saboori, Behnaz – PersonEntity: Name: NameFull: Ranjbar, Omid IsPartOfRelationships: – BibEntity: Dates: – D: 29 M: 09 Text: Sep2026 Type: published Y: 2026 Identifiers: – Type: issn-print Value: 17510694 Titles: – TitleFull: Creative Industries Journal Type: main |
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