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Creative Economy

The Arts and Economic Development — New Growth Theory New growth theory argues that, in advanced economies, economic growth stems less from the acquisition of additional capital and more from innovation and new ideas. Moreover, as noted in a briefing paper published by the American Planning Association: Economic development is enhanced by concentrating creativity through both physical density and human capital. By locating firms, artists, and cultural facilities together, a multiplier effect can result.

Creatively acknowledging and marketing community assets can attract a strong workforce and successful firms, as well as help sustain a positive quality of life. Arts and cultural activities can draw crowds from within and around the community. Increasing the number of visitors as well as enhancing resident participation helps build economic and social capital.

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Planners can make deliberate connections between the arts and culture sector and other sectors, such as tourism and manufacturing, to improve economic outcomes by capitalizing on local assets. From the Atlantic City Lab Florida, Latest Case Studies. In Chapters 3, 5 and 8 the authors investigate organizational level concerns like employment, revenue and location as an indicative factor of economic growth. Markusen, Nicodemus and Barbour Chapter 3 argue that promotion of local based consumption, coupled with supportive incentives for innovation and export trading by building the capacity of established arts organizations, is productive for economic development.

1. Promote Interaction in Public Space

Schmitz Chapter 5 presents a clever case study that outlines the effects of a cultural tax district as compared to a non-cultural tax district, asking if the revenues are boosted by the localized commitment to arts and culture. Despite that, the findings seemingly fall flat. Schmitz highlights that the public service activities performed by arts organizations, like arts and science education, are more prolific in cultural tax districts In Chapter 4 Maloney and Wassell case study the Adams Arts Program for the Creative Economy in Massachusetts finding that cross sector collaboration promotes a sense of community cohesiveness, however lack of skills and funding hampered efforts to develop sustainable cultural infrastructure.

Chapters 7, 9 and 10 look statistically at environmental factors related to employment, income and expenditure.

Creative Communities

All authors evenhandedly present their findings, however it is in the methodological construction of the studies, as well as the assessment of the policy imperatives these studies furnish arts advocates and policy makers with, where the book truly shines a light. Each study does work on anecdotal or casual intuitions that the arts sector have been touting for decades, for example: that the arts are a precursor of economic growth; that support for small-medium not for profit arts organizations is essential to a healthy arts and cultural sector; that arts collaborations promote community cohesiveness; and that more public funding for the arts promotes more private funding.

Each author discusses the many limitations and assumptions that underpin the data sets they use. Having the methodological and intellectual rigor to construct research investigations to build sound arguments is increasingly vital to a sector that is progressively managerial and business like.

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The introduction of entrepreneurship literature detailed in this book Chapters 6 and 8 in particular shows that the discourse of cultural economics is inexplicably linked to the discourses of business, brands and management. I found it interesting that Kushner explicitly states that it is the managerial and leadership activities, not the environmental factors, which affect nascent arts ventures Despite this ambition of providing evidence for change, the books most telling contribution is the reinforcement of hegemonic discourses of arts as a tool for economic development.

Arts and Economic Prosperity 5

Platforming the growing generation of scholarly minds investigating the impact of arts on the economic development of cities, this book edited by Dr Michael Rushton Indiana University demonstrates the role of empirical research has to play in crafting sophisticated arguments to bolster the positioning of the creative industries.

Future studies that lift the lid on the classic assumptions inherent in the economic impact measurement discourses by critically engaging investigations into the power relations inherent in this emerging discipline and how it asserts domination would be very timely. Bibliography Florida, Richard. New York: Basic Books, Florida, Richard. The Rise of the Creative Class Revisited.


Paul M. Library of Economics and Liberty. Who Benefits? Who Decides?

The Art of Community Building and Economic Development through Art | NEFA

Warsh, David. New York: W. Related Papers. By Hristina Mikic.

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