Art, Finance and Logistics: Creative Combination for Economic Development

Thierry Houé ()
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Thierry Houé: ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: The research focuses on the setting-up of a free zone strengthening the economic diversification of the Grand Duchy of Luxembourg. Dedicated to storage, handling and trading of high value items and in particular artworks and jewellery. The Luxembourg Freeport was inaugurated in September 2014. Using the Resource-Based View as theoretical framework, the paper aims to show what combinations of resources can have a positive impact on economic activities in connection with the Freeport. The research confirms that these activities go beyond pure logistical and operational sights. The findings highlight a triptych of resources justifying this location in an environment where art, finance and logistics seem to create a virtuous circle benefiting economic development of the country and promoting the rise of clustering effects.

Keywords: art; economic development; finance; logistics; resource-based view (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cul
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Published in Logistics and Transport = Logistyka i Transport, 2020, 45 (1-2), pp.5-18. ⟨10.26411/83-1734-2015-1-45-1-20⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02973123

DOI: 10.26411/83-1734-2015-1-45-1-20

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