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THE ANALYSIS OF THE CREATIVE INDUSTRY LINKED IN CONNECTION WITH THE ECONOMIC DEVELOPMENT


Economics

THE ANALYSIS OF THE CREATIVE INDUSTRY LINKED IN CONNECTION WITH THE ECONOMIC DEVELOPMENT

Name and surname of author:

Kloudová Jitka, Chwaszcz Ondřej

Year:
2014
Issue:
1
Keywords:
Creative industries, creative industries index, creative economics, regional development
DOI (& full text):
Anotation:
The paper analyses the development of the creative industries in the Czech Republic during the years 1990–2010. The specification of creative industries is undertaken on the basis of the concept of…more
The paper analyses the development of the creative industries in the Czech Republic during the years 1990–2010. The specification of creative industries is undertaken on the basis of the concept of creative economy and is based on the basic classification of the economic activities (NACE). This classification is used by most of the European statistic offices.
The study is analyses the development of creative industries in relation to the basic economic indicators (production, employment, net income and export). Each analyzed parameter proves a faster development than the overall average indicators. Production of the creative industries, which increased in the period 2005/2010 by 30% compared to 22% of the national average, is used as an example. Such results demonstrate the positive impact of creative industries to the economy. A similar effect has been demonstrated for other analyzed indicators. Employment in the creative industries has risen also very rapidly over the time. Moreover, the incomes in this industry arehigher compared to the average. This leads to the stronger demand and in addition, it ensures higher payments to government budgets.
Furthermore, the study analyses the impact of creative industries in every region of the Czech Republic. For this purpose, the Creative Industries Index (CII) was created. Its design is based on the share of creative industries in total production and at the same time it is based on the proportion of employees working in the creative industry in comparison to the total labor force. As a next step, the study uses correlation analysis to establish the link between CII and selected macroeconomi indicators (GDP, vacancies, and incomes). In each case the positive and high level degree of correlation was found. As a result, this study confirms the significant contribution of creative industries that help to maintain and develop a regional competitiveness.
Section:
Economics

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