Evaluation of Creative Industries' Economic Impact in the EU Countries

For the last 20 years, creative industries (CI) have been experiencing increasing attention from both academia and policymakers alike. Capable of creating jobs, invigorating cities and regions, cultural and social life, contributing to the increase in value added, exports and quality of life, numerous researches proved CI to have impact on national economy. However, CI impact should not be limited to superficial analysis of static data. CI impact on national economy is best disclosed in comparison to other countries and the aim of this research is to analyse economic CI impact by running an empirical research in EU countries in 2008-2014 and taking into consideration CI impact on employment, added value and exports. We conclude there are three CI impact directions, namely economic, sociocultural, and environmental impact areas and verify that CI is an influential sector that holds impact on various areas of national economy.