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Instruments to Foster the Creative Industries

In: The Berlin Creative Industries

Author

Listed:
  • Dieter Puchta
  • Friedrich Schneider
  • Stefan Haigner
  • Florian Wakolbinger
  • Stefan Jenewein

Abstract

After having described and quantitatively captured the Berlin Creative Industries and after investigating the effects of investment in the Creative Industries on the Berlin Regional GDP as well as employment, we now turn to discussing appropriate ways to foster and support the creative enterprises. Having access to and being endowed with capital are important determinants of investment decisions made by the enterprises of the Creative Industries. Naturally however, those investment decisions subsequently determine the growth of the regional GDP as well as employment, and the decline of unemployment respectively. A firm pattern of finance as well as easily accessible capital are essential requirements for making the enterprises of the Creative Industries able to prevent the Creative Class from moving away to other regions. This in turn will make, according to Florida, both the enterprises as well as the economic area flourish (Keuper et al., 2008).

Suggested Citation

  • Dieter Puchta & Friedrich Schneider & Stefan Haigner & Florian Wakolbinger & Stefan Jenewein, 2010. "Instruments to Foster the Creative Industries," Springer Books, in: The Berlin Creative Industries, chapter 11, pages 109-126, Springer.
    • Handle: RePEc:spr:sprchp:978-3-8349-8651-1_11
    DOI: 10.1007/978-3-8349-8651-1_11
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