Economic development and the creative industries: a tale of causality

Cultural and creative industries are thought to be a driver for economic growth. During the last decade, research has tried to link higher intensity of these industries with the region's welfare. However, this is a controversial relationship that still needs to be proved. In this article, we build a conceptual framework to help us test the possible causality between regional income generation and employment in the cultural and creative sectors. Using regional European data for 1999–2008, our results show that there is a significant feedback (bidirectional causality) between the per capita GDP and employment intensity in the cultural and creative industries, allowing us to conclude that ther…

A Double-Hurdle model of urban green areas valuation: Dealing with zero responses

Due to the widespread support for public parks and open spaces in urban areas, there is an increasing need to analyse the social benefits that are generated by such amenities. The city of Valencia (Spain) has a large park that can be considered its green backbone due to its transversal layout running along 9 of the 19 districts into which the city is divided. A contingent valuation survey was therefore conducted in order to obtain the non-market benefits derived from the use of this park by the inhabitants of Valencia. In addition, to deal with the large number of zero responses obtained, a Double-Hurdle model was applied. The results show that this model is more appropriate than other, sim…

Estimación del impacto económico de los museos a través de las nuevas tecnologías de la información: el caso del museo Ene.Térmica

It is increasingly necessary to emphasize the potential of culture as an engine for economic development and its ability to generateincome and create jobs. For this reason, this paper evaluates the economic impact of the Ene.térmica museum in the territory in which it is located, Ponferrada (Castilla y León Community, Spain). In order to achieve this aim, the estimation of the different types of effects needed to determine the impact of economic of the activities linked to the existence of Ene.Térmica is calculated by using the tool Impactrimonio, a web-based application that applies the Input-Output Tables methodology. The results show that due to both activities of the museum and demand f…

Creative industries and productivity in the European regions. Is there a Mediterranean effect?

Cultural experiences in the framework of 'cultural cities': measuring the socioeconomic impact of culture in urban performance

AbstractThis article defines "cultural experience" and places it in a holistic conceptual model; “the cultural city” where it plays a relevant role in improving the performing of cities. The conceptual model combines the basic elements of the heritage city, the smart city and the creative city. The city is interpreted from a threefold perspective; as a repository of resources, as a connective interface, and as the setting for citizens' life and social and professional experiences. In this context, each of these perspectives incorporates culture in a different way, enabling different models of value creation and different processes of production and reproduction of this value. In each of the…

The Economic Impact of the Creative Industry in the European Union

This work analyses the economic impact of the creative industry in the European Union. The paper quantifies the direct and indirect impacts of the creative industry, concluding that they not only have a direct impact on the employment and the production, but also contributes to the technological progress and long-term development of the European Union. Most of this contribution is due to the creative service industries, whereas the direct contribution of the creative manufacturing industries is smaller.

The Impact of the Music Industry in Europe and the Business Models Involved in Its Value Chain

AbstractThis chapter analyses the impact of the music industry in Europe. Although the direct and indirect impact of this industry in the European economy is significant, the sector is made up of different activities and companies, which compete and encounter diverse challenges in it. The current situation of these companies and organisations is presented through an analysis of the business models of several enterprises engaging in a variety of activities throughout the industry’s value chain, such as music production, publishing, distribution and exhibition. Moreover, we analyse digital transformation and the growth in rivalry detected in these activities.

Analysis of the authors’ rights collection frontier using PCA-MDEA: an application to the Valencia region

The aim of this paper is to estimate the authors’ rights collection frontier within the collection zones into which the Valencia Region (Spain) has been divided. To be more exact, a nonparametric frontier technique (Modified Data Envelopment Analysis, MDEA) and the Principal Components Analysis (PCA) are jointly employed to map out an initial approach to the potential authors’ rights collection within this region (as divided into collection zones). The analysis has been carried out both jointly and by majority sectors (performing, musical, and audio-visual arts). Publicaciones Econcult: Área de Investigación en Economía de la Cultura y Turismo. Universitat de València

<i>Impactrimonio</i>: tecnologías de la información aplicadas a la valoración del impacto económico de la cultura

This paper proposes an informational service, Impactrimonio , to assess the economic impact of a particular museum, library, festival or heritage element on the economic development of a particular territory. This service takes on increasing importance in the context of the new development paradigm linked to the Cultural Economy. From the information contained in the input-output tables and the data supplied by the user on various questionnaires, Impactrimonio  estimates the direct, indirect and induced effects necessary to quantify the economic impact of the cultural activity.

Why Don't We Do What We Want? Non-Consumers and the Public Dilemma in Cultural Promotion

We deal with tastes and preferences, revising the linkages between both in order to analyse the special case where we express preferences to goods that do not appeal to us. We deduce the concept of a deconstructed demand and define two types of goods (embarrassing and reputable). With the help of this structure we build a demand function for cultural promotion, where the non-market-expressed non-consumers' preferences are the basis of the demand for cultural policies. Finally, in this framework the State faces a dilemma that could be solved in different ways.