IDEAS home Printed from https://ideas.repec.org/a/ssi/jouird/v8y2026i1p68-90.html

Cultural influences on the economy under conditions of uncertainty

Author

Listed:
  • Ona Gražina RakauskienÄ—

    (Mykolas Romeris University, Lithuania)

  • Neringa ŽibaitÄ—

    (Mykolas Romeris University, Lithuania)

Abstract

As economic instability grows and the risk of global threats increases – including pandemics, wars, climate crises, and sudden migration flows – conventional indicators of progress, such as gross domestic product (GDP), are increasingly recognised as insufficient to assess socio-economic development, societal resilience, and a country’s capacity to recover from crises. This article highlights the role of culture in evaluating the socio-economic development of European Union member states under conditions of uncertainty. Culture is understood as a factor shaping long-term development trajectories, influencing not only economic outcomes but also institutional quality, social trust, and societies’ ability to adapt to shocks. From a methodological perspective, the article applies criteria for assessing the cultural sector in line with the EU's "Beyond GDP" approach, focusing on cultural employment, the business environment of the cultural sector, and public expenditure on culture across EU countries. These indicators are analysed alongside levels of trust in public institutions and the Human Development Index (HDI), as well as their correlations, to identify key factors that may significantly impact societal resilience, sustainability, and long-term growth. Using descriptive and comparative methods, the study seeks to identify recurring patterns and structural imbalances across countries, particularly when high GDP levels are not reflected in social well-being or national stability. The empirical findings suggest that cultural indicators are more closely associated with long-term development outcomes than with short-term economic performance. The results indicate that the vitality of the cultural sector and consistent public support contribute to strengthening social cohesion and resilience, while their impact on economic growth is indirect and materialises through longer-term institutional and value-based transformations. The article concludes that culture should be regarded as a strategic resource for long-term development rather than a secondary component of economic policy, especially in contexts of global crisis and uncertainty.

Suggested Citation

  • Ona Gražina RakauskienÄ— & Neringa ŽibaitÄ—, 2026. "Cultural influences on the economy under conditions of uncertainty," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 68-90, March.
  • Handle: RePEc:ssi:jouird:v:8:y:2026:i:1:p:68-90
    DOI: 10.70132/b7747244487
    as

    Download full text from publisher

    File URL: https://jssidoi.org/ird/uploads/articles/29/Rakauskiene_Cultural_influences_on_the_economy_under_conditions_of_uncertainty.pdf
    Download Restriction: no

    File URL: https://jssidoi.org/ird/article/239
    Download Restriction: no

    File URL: https://libkey.io/10.70132/b7747244487?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mkululi Gqalindaba & Yusuf Lukman & Nonzwakazi Beauty Makiwane, 2024. "Coping with climate-related disasters: a case of a Green Farm Community experienced a flood," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 23-36, March.
    2. Amir Mohammed & Sheikh Ahad Ahmad, 2025. "Development of AI in the Caribbean: algorithms, challenges and recommendations," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 40-57, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      ;
      ;
      ;
      ;
      ;
      ;
      ;
      ;
      ;

      JEL classification:

      • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
      • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouird:v:8:y:2026:i:1:p:68-90. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.