Four models of the creative industries

Author: Potts Jason   Cunningham Stuart  

Publisher: Routledge Ltd

ISSN: 1028-6632

Source: International Journal of Cultural Policy, Vol.14, Iss.3, 2008-08, pp. : 233-247

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Abstract

What is the dynamic value of the creative industries from the economic perspective? This paper seeks to answer this question by proposing four models of the relationship between the creative industries and the whole economy, then examining the evidence for each. We find that growth models fit the data well, but not everywhere. We discuss the methodological and empirical basis for this finding and its implications for economic and cultural policy.