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Cultural and Creative Cities and Regional Economic Efficiency: Context Conditions as Catalyzers of Cultural Vibrancy and Creative Economy

Author

Listed:
  • Silvia Cerisola

    (ABC Department, Politecnico di Milano, 20133 Milan, Italy)

  • Elisa Panzera

    (ABC Department, Politecnico di Milano, 20133 Milan, Italy)

Abstract
Following the hype that has been given to culture and creativity as triggers and enhancers of local economic performance in the last 20 years, this work originally contributes to the literature with the objective of assessing the impact of cultural and creative cities (CCCs) on the economic output of their regions. In this sense, the cultural and creative character of cities is considered a strategic strength and opportunity that can spillover, favoring the economic system of the entire regions in which the cities are located. Through an innovative methodology that exploits a regional production function estimated by a panel fixed effects model, the effect of cities’ cultural vibrancy and creative economy on the output of their regions is econometrically explored. The data source is the Cultural and Creative Cities Monitor (CCCM) provided by the JRC, which also allows the investigation of the possible role played by the enabling environment in catalyzing the action of cultural vibrancy and creative economy. The results are thoroughly examined: especially through cultural vibrancy, CCCs strategically support the output of their region. This is particularly the case when local context conditions—such as human capital and education, openness, tolerance and trust, and quality of governance—catalyze their effect. Overall, CCCs contribute to feeding a long-term self-supporting system, interpreted according to a holistic conception that includes economic, social, cultural, and environmental domains.

Suggested Citation

  • Silvia Cerisola & Elisa Panzera, 2021. "Cultural and Creative Cities and Regional Economic Efficiency: Context Conditions as Catalyzers of Cultural Vibrancy and Creative Economy," Sustainability, MDPI, vol. 13(13), pages 1-23, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:13:p:7150-:d:582198
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    References listed on IDEAS

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    3. Valentina Montalto & Pier Luigi Sacco & Michaela Saisana, 2022. "Cultural, Creative, and Sustainable Cities: Assessing Progress and Measurement Perspectives," Sustainability, MDPI, vol. 14(7), pages 1-7, April.
    4. Silvia Cerisola & Elisa Panzera, 2022. "Cultural cities, urban economic growth, and regional development: The role of creativity and cosmopolitan identity," Papers in Regional Science, Wiley Blackwell, vol. 101(2), pages 285-302, April.
    5. Hwayoon Seok & Yoonjae Nam, 2022. "A Social Network Analysis of International Creative Goods Flow," Sustainability, MDPI, vol. 14(8), pages 1-19, April.
    6. Homero Rodríguez-Insuasti & Néstor Montalván-Burbano & Otto Suárez-Rodríguez & Marcela Yonfá-Medranda & Katherine Parrales-Guerrero, 2022. "Creative Economy: A Worldwide Research in Business, Management and Accounting," Sustainability, MDPI, vol. 14(23), pages 1-27, November.
    7. Francisco J. Ferreiro-Seoane & Alicia Llorca-Ponce & Gregorio Rius-Sorolla, 2022. "Measuring the Sustainability of the Orange Economy," Sustainability, MDPI, vol. 14(6), pages 1-23, March.
    8. Zhixin Zeng & Xiaojun Wang, 2023. "Will World Cultural Heritage Sites Boost Economic Growth? Evidence from Chinese Cities," Sustainability, MDPI, vol. 15(10), pages 1-19, May.
    9. Silvia Cerisola & Elisa Panzera, 2022. "Cultural participation in Cultural and Creative Cities: Positive regional outcomes and potential congestion concerns," Papers in Regional Science, Wiley Blackwell, vol. 101(6), pages 1245-1261, December.
    10. Buscema, Massimo & Ferilli, Guido & Gustafsson, Christer & Massini, Giulia & Sacco, Pier Luigi, 2022. "A nonlinear, data-driven, ANNs-based approach to culture-led development policies in rural areas: The case of Gjakove and Peć districts, Western Kosovo," Chaos, Solitons & Fractals, Elsevier, vol. 162(C).

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