TY - JFULL AU - A. Bobirca and A. Draghici PY - 2011/12/ TI - Creativity and Economic Development T2 - International Journal of Economics and Management Engineering SP - 1446 EP - 1452 VL - 5 SN - 1307-6892 UR - https://publications.waset.org/pdf/615 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 59, 2011 N2 - The objective of this paper is to construct a creativity composite index designed to capture the growing role of creativity in driving economic and social development for the 27 European Union countries. The paper proposes a new approach for the measurement of EU-27 creative potential and for determining its capacity to attract and develop creative human capital. We apply a modified version of the 3T model developed by Richard Florida and Irene Tinagli for constructing a Euro-Creativity Index. The resulting indexes establish a quantitative base for policy makers, supporting their efforts to determine the contribution of creativity to economic development. ER -