Symbiosis of Creativity and Sustainability: Modelling the Dynamic Relationship Between Sustainable Development and Cultural and Creative Industries in the EU Countries, Great Britain and Ukraine

Serhii Plutalov

serhiiplutalov2024@ukr.net
Luhansk State Academy of Culture and Arts (Ukraine)
https://orcid.org/0000-0001-9155-5324

Olena Iastremska


Simon Kuznets Kharkiv National University of Economics (Ukraine)
https://orcid.org/0000-0002-5653-6301

Tetiana Kulinich


Lviv Polytechnic National University (Ukraine)
https://orcid.org/0000-0003-0110-7080

Nataliia Shofolova


Institute of Higher Education of the National Academy of Educational Sciences of Ukraine (Ukraine)
https://orcid.org/0000-0002-6654-6765

Oleksandr Zelenko


Taras Shevchenko National University of Kyiv (Ukraine)
https://orcid.org/0000-0002-8438-7585

Abstract

The study explores the complex dynamics of cultural and creative industries and their potential to contribute to the achievement of the Sustainable Development Goals (SDGs). The dual nature of these industries is reviewed, recognizing their potential to have a positive impact on sustainable development while addressing the risks they pose, including environmental threats and the potential for increased social inequality. The main goal of the study was to identify the determinants of asymmetric shocks that influenced the development of cultural and creative industries. To achieve the goal, we used an integrated modeling approach based on panel models with fixed and random effects, as well as a two-stage dynamic panel model. The results of the study made it possible to identify asymmetric shocks that influenced the development of cultural and creative industries, such as the consequences of the pandemic and the war in Ukraine, which led to the energy and migration crises, slower economic growth and increased inflation. The results obtained indicate that the influence of the selected factors on sustainable development is complex and depends on time dynamics.


Keywords:

sustainable development, creative economy, creative and cultural industries, modelling of territory development, panel modelling

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Published
2024-07-01

Cited by

Plutalov, S., Iastremska, O., Kulinich, T., Shofolova, N., & Zelenko, O. (2024). Symbiosis of Creativity and Sustainability: Modelling the Dynamic Relationship Between Sustainable Development and Cultural and Creative Industries in the EU Countries, Great Britain and Ukraine. Problemy Ekorozwoju, 19(2), 166–185. https://doi.org/10.35784/preko.6134

Authors

Serhii Plutalov 
serhiiplutalov2024@ukr.net
Luhansk State Academy of Culture and Arts Ukraine
https://orcid.org/0000-0001-9155-5324

Authors

Olena Iastremska 

Simon Kuznets Kharkiv National University of Economics Ukraine
https://orcid.org/0000-0002-5653-6301

Department of Management, Logistics and Innovations


Authors

Tetiana Kulinich 

Lviv Polytechnic National University Ukraine
https://orcid.org/0000-0003-0110-7080

Department of Organizational Management


Authors

Nataliia Shofolova 

Institute of Higher Education of the National Academy of Educational Sciences of Ukraine Ukraine
https://orcid.org/0000-0002-6654-6765

University - community engagement department


Authors

Oleksandr Zelenko 

Taras Shevchenko National University of Kyiv Ukraine
https://orcid.org/0000-0002-8438-7585

Department Of General Psychology



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