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.netLuhansk 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 modellingReferences
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Authors
Serhii Plutalovserhiiplutalov2024@ukr.net
Luhansk State Academy of Culture and Arts Ukraine
https://orcid.org/0000-0001-9155-5324
Authors
Olena IastremskaSimon Kuznets Kharkiv National University of Economics Ukraine
https://orcid.org/0000-0002-5653-6301
Department of Management, Logistics and Innovations
Authors
Tetiana KulinichLviv Polytechnic National University Ukraine
https://orcid.org/0000-0003-0110-7080
Department of Organizational Management
Authors
Nataliia ShofolovaInstitute 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 ZelenkoTaras Shevchenko National University of Kyiv Ukraine
https://orcid.org/0000-0002-8438-7585
Department Of General Psychology
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