Year: 2014
Type: article
Abstract: Against the backdrop of research and policy advocating the growth potential of creative industries’ sectors in advanced economies, this article examines the performance of creative industries during economic crisis in a less advanced European city-region: Riga in Latvia. It discusses the data on entrepreneurial activity, employment, turnover and value-added of creative industries relative to the economy on average between 2007 and 2010. The results show that creative industries as a whole underperform compared with the economy on average during recession, however not all subsectors show the same patterns. Hence, it is suggested that a more sector- and place-specific approach would benefit both policy-making and research dealing with the role of creative industries in economic development.
Author: Ieva Rozentale
Institution: University of Amsterdam
Language: English
Subfield: Urban Studies
Field: Social Sciences
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $1,165
OpenAlex ID: W2017318291