Index-Based Measurement of Creative Industries’ Impact on National Economy

Abstract

For more than 20 years creative industries (CI) have been experiencing increasing attention from both academia and policymakers alike. Capable of creating jobs, invigorating cities and regions, cultural and social life, contributing to the increase in value added, exports and quality of life, numerous studies proved CI to have broad impact on national economy, as evident not only in economic, but also in sociocultural and environmental areas. Authors aim to develop a model of CI impact on national economy integrating economic, sociocultural, and environmental indicators, to create the index for measuring the CI impact on national economy, and to adapt it empirically to the case of the EU countries in 2008 – 2016. Research confirms that the impact of CI is observed in economic, sociocultural, and environmental impact areas. CIIE index allows estimating CI impact on national economy and enables to draw comparisons among the EU countries in 2008 – 2016 based on CI impact on national economy. This study reveals direct dependence between the factors of CI development and CI impact on national economy. With reference to the index describing the conditions of CI development (Global Creativity Index), three clusters of the EU countries were identified using CI impact on national economy (CIIE) index. Clustering confirms that historical, social, economic, and political development of a country determines conditions for CI emergence and development, and, consequently, influences CI impact on national economy.