Global Journal of Human Social Science, E: Economics, Volume 21 Issue 5

Economic Contribution of Cultural Industries: Evidence from Some Selected Countries Dr. Mohammed Ramadan Mohammed El Zeiny Abstract- Cultural industries have become a significant component of modern economies. There is increasing attention measuring the economic contribution of these industries at national levels, particularly their impact on economic variables. The objective of this study is to illustrate concepts, approaches, methodologies related to cultural economics. Moreover, to shed light on measuring methods of the economic contribution of cultural industries. Using descriptive analysis, we examined the use of these approaches in some selected countries. These countries are; UK, Finland, France, Germany, Italy, and Spain from Europe. Canada and USA from North America. Australia, China and India from the Asia-pacific region. South American economic organization (MERCOSUR) countries for the South American region. South Africa and Egypt from Africa region. The main results revealed the increasing realization of measuring cultural economic contributions in developed countries rather than developing countries. Yet; data limitation is still the main problem of measuring the economic contribution of cultural industries. Furthermore, for international comparison purposes, there is a real need to develop new common concepts and measurements of the economic contribution of cultural industries. Finally, for developing countries that suffer from scarce researches in this field, we can suggest using mapping studies as the starting point for measuring their economic contribution of cultural industries. Keywords: cultural economics, cultural industries, economic growth, economic impacts, economic contribution, cultural satellite accounts (CSA), economic size & structural analysis. I. I ntroduction here is considerable interest to measure the economic contribution of creative and cultural industries at national levels, particularly their impact on GDP (Gross Domestic Product), GVA (Gross Value Added), employment, and hence the impact on economic growth. Moreover, these impacts are extended to foreign trade, competitiveness, and foreign direct investment (FDI). Nowadays, cultural industries have become an important component of modern economies and knowledge societies due to their impact on society's development, as the cultural sector may generate two types of impacts: non-economic and economic. The non-economic impacts could be realized in social cohesion and integration of marginalized groups; constructing of a new value system; supporting the creativity and talents, the evolution of cultural diversity and national identity. Moreover, facilitating innovation. While the economic impacts appeared in stimulating economic growth, enhancing both foreign trade competitiveness and foreign direct investments (FDI), as we previously mentioned. The objective of this study is to illustrate concepts, approaches, methodologies related to cultural economics. Particularly, shedding light on measuring approaches of the economic contribution of cultural industries, referring to these approaches in some selected countries. These countries are; UK, Finland, France, Germany, Italy, and Spain from Europe. Canada and USA from North America. Australia, China, and India from the Asia-pacific region. South American economic organization (MERCOSUR) countries for South America region. South Africa and Egypt from Africa region. In light of the above, our study is divided into five sections, in addition to the introduction (Section I). Section(II) is devoted to Terminologies and Conceptual framework. Section (III) devoted to a brief literature review. Section (IV) discusses different measuring approaches of the economic contribution of cultural industries. Section (V) is devoted to the applications of these approaches in the selected countries previously mentioned. Section (VI) concluding remarks. II. T erminologies and C onceptual F ramework We will begin with the conceptual definitions related to cultural economics. Figure (1) Illustrates the evolution of these concepts, followed by a brief discussion for each concept, with emphasizing on the most concern: T Volume XXI Issue V Version I 21 ( E ) Global Journal of Human Social Science - Year 2021 © 2021 Global Journals Author: Ph.D in Economics, Faculty of Economics and Political Science, Cairo University, Egypt. e-mail: moh_elzeiny@yahoo.com