Creative industry as a key creative component of the Slovak economy

Abstract

The global economy is understood as an economy of information, knowledge, creativity, networks and services. The creation of value in the economy is involved in the economic, social and cognitive mechanisms. The economic mechanism emphasizes the processes of cooperation and production, the social mechanism, in turn, communication and marketing techniques, the cognitive mechanism is based on human imagination and interpretation. Under the cognitive mechanism is meant creativity, the ability to bring new motive, ideas. Cognitive mechanisms are in value creation process complementary to economic and social mechanisms and they are capable of producing value separately. One of the approaches to measuring creativity is to define and analyse creative industries. The creative industries are industries in which “combine and overlap the fields of art, culture, business and technology. They create a cycle of creation, production and distribution, using their intellectual capital as primary capital [1]. The contribution of the creative industry lies in its cross-sectoral dimension with minimal territorial constraints. The article will focus on the definition of creative industries and the analysis of creative industries in the Slovakia. The method used was the analysis of trends in the form of percentage year-on-year change. The creative industry is the sensitive on the state and development of the economy in Slovakia.

Testing the Catalysts of the Romanian Creative Economy—A Panel Data Analysis Approach

“…However, there are also some negative aspects implied by the CCE; the concerned literature highlights the heterogeneity of the economic activities included in the CCI, causing various developments of disparities in these industries [35][36][37][38], the small size of most companies operating in the CCI [39,40] and also the precariousness of the business structure [37]-enterprises of this size with problematic structures are more likely to experience hardship in times of crisis, higher medium and marginal costs, and therefore lower competitiveness on the market. On the other hand, the CCI benefits and needs agglomeration and geographical proximity, making possible the networking, project work, inspiration, knowledge exchange, and spillover effects [39].…”

“…A way to assess an economic sector implies dimensioning its effects; considering the CCE, its dimensions were analysed in many different forms such as the employment of the creative class [18], but there are limits on the exact quantification of the creative class, so it was often considered suitable to assess the number of the people employed in the CCI whether they conduct creative activities [41] or not [42] and the revenues generated by the CCI [13,37]; other dimensions taken into consideration were the number of firms operating in these industries [43], the added value created [40,44,45], and the spillover effects of innovations [33] and entrepreneurship in other economic sectors [46]. As previously chosen, we pursued to analyse the impact of the CCE as a job creation and revenue generator.…”

“…The efficiency of the cultural and creative activities depends on and is enhanced by some particular aspects; several academics considered the public institutions responsible for the CCE's stimulation and development [1,13,33,[47][48][49][50], while others paid attention to the concentration level of the economic activities [20,39] and also to the phenomenon of clustering [37,51,52]. Besides the proximity of suppliers or partners, Escalona Orcao et al [53] also assessed the proximity of consumers-the distance to urban markets-human capital, local cultural specialization, and the number of firms.…”

On the Micro-Foundations of Creative Economy: Life Satisfaction and Social Identity

“…One of the main characteristics of creative economy is the accumulation of human capital, which increases economic effectiveness and productivity [15]. Creativity produces value either in the form of economic value or in the form of intellectual property rights [16]. Concerning intellectual property rights, new ideas and knowledge are founded on intellectual capital [17]; hence, creativity operates as a factor of production [18] with a dynamic character.…”

Dynamic Models of the Creative Industries’ Behaviour

“…Output and value added, and clearly the main instrument of economic measurement for production is GDP. The contribution of culture to this global measure, i.e., the value added of culture industries, is therefore the main economic indicator often mentioned by the various authors [1][2][3].…”