Modelling of the Creative Economy Sustainable Development

Abstract

The object of the research carried out for the purpose of the dissertation is modelling of the sustainable development of creative economy as a new economy archetype in the context of globalization. The objective of the dissertation is to offer quantitative analysis-based modelling of the sustainable development of creative economy using an investment portfolio as an efficient resource allocation tool. To achieve the aim and to implement chosen tasks a research of the creative industries context is carried out. Under the conditions of globalization the mechanisms of sustainable development of creative economy are one of the most innovative and least researched objects, which is now becoming the center of attraction for the practical application of emerging holistic knowledge. The underlying idea of the research carried out within the framework of the dissertation is to investigate the paradigm of sustainable development taking account of the challenges of globalization and the trends in the development of creative economy in Lithuania and throughout the world. The process of the formation of sustainable development model creates a need to identify the appropriate methods for the implementation of the objective. Methodology is based on quantitative analysis for the sustainable development of creative economy using an investment portfolio as an efficient resource allocation tool. The dissertation consists of the Introduction, three Chapters, General conclusions, References, and the list of the author’s publications on the topic of the dissertation, 5 Annexes. The Foreword reveals the relevance of the problem, formulates the objective, tasks of the dissertation, and highlights the scientific and practical novelty of the work. The first Chapter presents the theoretical meta-analysis of the creative economy, presents the concept of creativity phenomenon, highlights the relevant creative economy theories. The second Chapter is dedicated to insights into the models of the structure and the development of creative economy in the context of the general economy and creative industries within European and World context; sustainable development criteria is analyzed and creative economy sustainable development model concluded. The third Chapter presents the proposed solutions for the sustainable development of the creative economy using an investment portfolio as an efficient resource allocation tool and approved based on Lithuania’s example. General conclusions are summarized at the end of the dissertation. 10 research articles have been published on the basis of the present dissertation. One article was published in the ISI Web of Science scientific journal, one in ISI Proceedings, six in peer-reviewed Lithuanian scientific journals, one in peer-reviewed foreign scientific journals, and one in the peer-reviewed material of a national conference. The course of the results of the dissertation were presented at four international scientific conferences, 8 national scientific conferences, 3 round table academic discussions, and 4 scientific seminars of doctoral students.