Creative industries during economic recession: the case of Riga

Ieva Rozentale

14 citations0/0 files storedRegional Studies Regional Science

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Cultural Industries and Urban Development Regional Economics and Spatial Analysis Regional resilience and development

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.

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References

2001The persistence of innovative activities 2011Creativity Economy and a Crisis of the Economy? Coevolution of Knowledge, Innovation, and Creativity, and of the Knowledge Economy and Knowledge Society 2006A Case Study Approach to Understanding Regional Resilience 2009Strategies for creative industries: an international review 2012Reconceptualising the relationship between the creative economy and the city: Learning from the financial crisis 2008Creative industries in the netherlands: structure, development, innovativeness and effects on urban growth 2013How are creative industries weathering the crisis?2009The creative and cultural economy and the recession

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