Human capital development in a creative economy
Keywords:
Creative economy, human capital, regression analysis, intellectual activity.
Abstract
The industrial economy is gradually disappearing. It is replaced by a creative economy, the basis of which is creative human capital. The study aims to define creative human capital’s value in an economy based on intellectual activity. Methods. The research used general scientific methods: the method of comparison, statistical analysis, assessment of dynamic structural shifts, as well as index and analytical methods. The economic research methods were also used in this work; the regression analysis was carried out by the economic-statistical method. Economic and mathematical modeling defined the influence of creative economy indicators on the GDP level per capita. Results. As a research result, the meaning of the category “human capital development in the creative economy” is established, and its basic elements are defined. It was determined what role creative economy human capital plays. Creative sector value in countries’ development was also described in the study. The analysis of the number and structure of the innovative sphere enterprises has allowed defining the features of the new economy structure type in the European countries. The study established the relative share of the population working in the creative industry. Characteristics of human capital development in European countries are presented in illustrations. Interaction between human capital and the creative economy has been defined by carrying out the regression analysis. According to the study results, the main components of the evolution and protection of human capital in a fast-growing branch of the world economy – the creative economy – have been established.
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References
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Sutisna, D. M. N, & Saudi, M. H. M. (2018). Human Capital in Improving Creative Industrial Performance: A study in the Creative Industry of Batik Trusmi, Cirebon District, West Java. International Journal of Engineering & Technology, 7(4.34), 295‒298. http://dx.doi.org/10.14419/ijet.v7i4.34.25298
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Throsby, D. (2008). The concentric circles model of the cultural industries. Cultural Trends, 17(3), 147–164. DOI: 10.1080/09548960802361951.
Throsby, D. (2014) Economics and culture. United King. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9781107590106
Versal, N., & Tereshchenko, H. (2020). Investment in Human Capital Within the Creative Economy Formation: Case of the Eastern and Central Europe Countries Article in Comparative Economic Research. Central and Eastern Europe. DOI: 10.18778/1508-2008.23.31.
Becker, G.S. (1964). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. University of Illinois at Urbana-Champaign’s Academy for Entrepreneurial Leadership Historical Research Reference inEntrepreneurship. SSRN. URL: https://ssrn.com/abstract=1496221
Comunian, R., Faggian, A., & Jewell, S. (2014). Embedding arts and humanities in the creative economy: the role of graduates in the UK, Environment and Planning C: Government and Policy, 32, 426–450. https://doi.org/10.1068/c11153r.
Diebolt, C., & Hippe, R. (2019). The long‑run impact of human capital on innovation and economic development in the regions of Europe, Applied Economics, 51(5), 542–563. https://doi.org/10.1080/00036846.2018.1495820
Dindire, L.-M. (2012). Human capital – main competitive advantage in the creative economy and in the knowledge-based society. assessment model of the nations’ human capital – the case of the EU countries. In International Days of Statistics and Economics, September 13‒15, 316‒326.
Florida, R. (2002). The Rise of the Creative Class: And How It’s Transforming Work, Leisure, Community and Everyday Life. New York: Basic Books. DOI: 10.2307/3552294
Gasparin, M., & Quinn, M. (2020). The INCITE model of policy development for the creative industries: the case of Vietnam. Journal of Asian Business and Economic Studies ahead-of-print (ahead-of-print). DOI: 10.1108/JABES-12-2019-0125.
Eurostat (2022) General government expenditure by function. https://ec.europa.eu/eurostat/databrowser/view/GOV_10A_EXP__custom_1114555/default/table?lang=en
Harrison, L., & Huntington, S. (2000). Culture Matters: How Values Shape Human Progress. New York: Basic Books, 348 p. URL: https://www.academia.edu/35178237/Culture_Matters_How_Values_Shape_Human_Progress_SAMUEL_HUNTINGTON_pdf
Hesmondhalgh, D. (2002). The Cultural Industries. SAGE. URL: https://www.researchgate.net/publication/261554803_The_Cultural_Industries_3rd_Ed.
Jílková, P. (2021). Sustainable Corporate Strategy: The Role of Human Capital in the Time of COVID-19 Crisis. TEM Journal, 10(2), 699‒706. DOI: 10.18421/TEM102-26
Kabanda, P. (2015). Work as Art: Links between Creative Work and Human Development. Human Development Report Office. BACKGROUND PAPER. URL: http://hdr.undp.org/en/content/work-art-links-between-creative-work-and-human-development.
Kalenuk, I., & Kuznetsova, N. (2020). Human Capital Development in the Conditions of Creative Economy. Central Ukrainian Scientific Bulletin. Economic sciences, 4(37), 77‒85. DOI: 10.32515/2663-1636.2020.
Korobaničová, I. (2016). The role of human capital in the creative economy in the Košice Region. Journal of Applied Economic Sciences, 11(7), 1‒6. URL: https://www.researchgate.net/publication/317757434_The_role_of_human_capital_in_the_creative_economy_in_the_Kosice_Region
Korobanicova, I., & Pacutova, G. (2015). The Human Capital in the Creative Economy in Region In 5th Central European Conference in Regional Science (CERS). Proccesing 5th Central European Conference in Regional Science, International Conference Proceedings, 421‒431.
Kuznetsova, N. (2016). Human capital role in becoming and development of creative economy. Economics & Education, 01(02), 36‒39. URL: https://ee.isma.lv/images/issues/E_E_0102/09_E_E_0102_Kuznetsova.pdf.
Londar, S., Lytvynchuk, A., & Versal, N. (2020). Investment in Human Capital Within the Creative Economy Formation: Case of the Eastern and Central Europe Countries. Comparative economic research-Central and Eastern Europe, 23(4), 129‒148. DOI: 10.18778/1508-2008.23.31
Melita, D., Erlansyah, D., & Andari, R. (2015). Pemetaan Industri Kreatif Dalam Meningkatkan Pertumbuhan Ekonomi Kawasan Urban Di Kota Palembang. Proceding Economic Globalization Trend and Risk For Developing Country. URL: http://eprints.binadarma.ac.id/2494/1/FP_20.pdf.
Mellander, C., Florida, R., Asheim, B. T. and Gertler, M. S. (2013). The Creative Class Goes Global. London: Routledge, https://doi.org/10.4324/9780203094945.
Munteanu, A. (2015). The Impact of Human Capital and Creative Industries on Regional Growth in Romania. International Journal of Academic Research in Economics and Management Sciences, 4(3). DOI: 10.6007/IJAREMS/v4-i3/1797
Sanchez-Serra, D. (2014). Talent and creative economy in French local labour systems. Environment and Planning C Government and Policy, 32(3), 405‒425. DOI: 10.1068/c11152r.
Schultz, H.R. (1995). Grape canopy structure, light microclimate and photosynthesis. I. A two-dimensional model of spatial distribution of surface area densities and leaf ages in two canopy systems. Vitis 34, 211-215.
Shaulska, L., Karpenko, A., & Doronina, O. (2021). Drivers of macroeconomic growth in a creative economy: innovation policy and human capital. AD ALTA: Journal of Interdisciplinary Research, 11(1), 178-186
Sutisna, D. M. N, & Saudi, M. H. M. (2018). Human Capital in Improving Creative Industrial Performance: A study in the Creative Industry of Batik Trusmi, Cirebon District, West Java. International Journal of Engineering & Technology, 7(4.34), 295‒298. http://dx.doi.org/10.14419/ijet.v7i4.34.25298
The Eurostat. (2019a). At-risk-of-poverty rate by poverty threshold, age and sex – EU-SILC and ECHP surveys. Retrieved from: https://ec.europa.eu/eurostat/databrowser/view/ilc_li02/default/table?lang=en
The Eurostat. (2019b). Culture statistics – 2019 edition. Retrieved from: https://ec.europa.eu/eurostat/web/products-statistical-books/-/ks-01-19-712
The Eurostat. (2019c). Persons working as creative and performing artists, authors, journalists and linguists by individual and employment characteristics. Retrieved from: https://ec.europa.eu/eurostat/databrowser/view/cult_emp_artpc/default/table?lang=en
The Eurostat. (2019d). The EU in the worldiving conditions. Retrieved from: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=The_EU_in_the_world_-_living_conditions#Social_protection_expenditure.
Throsby, D. (2008). The concentric circles model of the cultural industries. Cultural Trends, 17(3), 147–164. DOI: 10.1080/09548960802361951.
Throsby, D. (2014) Economics and culture. United King. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9781107590106
Versal, N., & Tereshchenko, H. (2020). Investment in Human Capital Within the Creative Economy Formation: Case of the Eastern and Central Europe Countries Article in Comparative Economic Research. Central and Eastern Europe. DOI: 10.18778/1508-2008.23.31.
Published
2022-08-30
How to Cite
Kuznetsova, N., Tkachuk, V., Obikhod, S., Vlasenko, T., Samborska, O., & Chorna, L. (2022). Human capital development in a creative economy. Amazonia Investiga, 11(54), 349-356. https://doi.org/10.34069/AI/2022.54.06.33
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