The Role of Creative Industries in Economic Development of Lithuania and Latvia

Abstract

Creative industries are of constantly growing significance both on national level as well as when comparing competitiveness internationally. While creative industries are an often used term, different concepts of it still exist, varying from country to country. In this paper we aim to compare and measure the role of creative industries in economic development of two culturally and historically similar countries, Lithuania and Latvia. We find that though concepts of the creative industries in both countries are alike, certain differences are present. Impact of creative industries on economic development is measured through its role in employment and GDP. In addition to measuring creative industries role on national level, impact on economic development is compared between the selected countries.