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The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship

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  • Olena Khlystova

    (Whiteknights, University of Reading)

  • Yelena Kalyuzhnova

    (Whiteknights, University of Reading)

Abstract

This study investigates the impact of the creative industries on regional resilience and productive entrepreneurship. We control for the localized effects of digitalization in this relationship. We do so by linking the regional resilience theory with the literature on the creative industries, digitalization and productive entrepreneurship. The unit of our analysis is the European Union’s regions (from the 2008 Great Recession crisis to the 2015 recovery period). We empirically tested our framework in the context of the European Union with datasets from Eurostat Regional Statistics and the European Social Survey (ESS). Our analysis is focused on the Nomenclature of Territorial Units for Statistics (NUTS) 3 regions, which includes 1397 industry performance observations from 314 NUTS-3 regions and 11 European countries (Bulgaria, the Czech Republic, Denmark, Finland, France, Hungary, Italy, the Netherlands, Portugal, Romania, and Slovakia) for the period 2008–2015. Our findings demonstrate that regions with a higher share of employment in the creative industries are more likely to withstand a short-term economic shock than regions with a lower share of employment in the creative industries. Our results also indicate the importance of digitalization in the period of recovery from crises, and demonstrate that the creative industries play an important part in this process. This study offers a number of policy implications.

Suggested Citation

  • Olena Khlystova & Yelena Kalyuzhnova, 2023. "The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1654-1695, October.
    • Handle: RePEc:kap:jtecht:v:48:y:2023:i:5:d:10.1007_s10961-023-10020-2
    DOI: 10.1007/s10961-023-10020-2
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    4. Belitski, Maksim & Korosteleva, Julia & Piscitello, Lucia, 2023. "Digital affordances and entrepreneurial dynamics: New evidence from European regions," Technovation, Elsevier, vol. 119(C).
    5. Jing Xiao & Ron Boschma & Martin Andersson, 2018. "Resilience in the European Union: the effect of the 2008 crisis on the ability of regions in Europe to develop new industrial specializations," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(1), pages 15-47.
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    More about this item

    Keywords

    Creative industries; Digitalization; Regional resilience; Productive entrepreneurship; High-growth firms;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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