Creative Cultural Economy

Bruno Frey

Chapter Chapter 6 in Economics of Art and Culture, 2019, pp 49-51 from Springer

Abstract: Abstract Industries combining creative cultural work and commerce today constitute a well-organized part of the economy. The creative cultural economy is characterized by high entry cost, great uncertainty, and strongly knowledge-based and labour-intensive production. It uses advanced, often digitized technology. Technological change may lead to lock-in effects. As a consequence, switching from an older to a newer technology may incur significant costs.

Keywords: Cultural work; Creativity; Commerce; Knowledge-intensive; Labour-intensive; Digitized technology; Entry cost (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-030-15748-7_6

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