DEVELOPMENT OF CREATIVE ECONOMY IN LITHUANIA

Abstract

This paper investigates the development of creative economy in Lithuania under the existing conditions. The paper analyses the development of the concept of creative economy;as well as the importance of creative economy in the development of Lithuanian economy. In order to explore the development of creative economy in Lithuania two approaches are applied. First, the authors analyze the position of creative economy in the global economy. Further, the changes in the development of Lithuanian creative economy under existing conditions are examined. The evolution of the creative economy concept is reviewed on the basis of analysis of the scientific literature. Statistical data shows that creative economy is a significant and constantly increasing sector in the Lithuanian economy. Research shows that the number of companies and employees operating in the field of creative economy has changed in recent years. It is also determined that the share of creative economy in Lithuanian GDP and the total income of this sector have changed. Thus, the analysis in this article reveals that Lithuanian integration into the EU had influence on the development of Lithuanian creative economy under existing conditions. DOI: http://dx.doi.org/10.5755/j01.em.17.4.3009