Impact of human resources in the creative sphere on economic development
The industrial era is gradually giving way to a creative economy driven by human resources. This study aimed to assess the impact of human resources within the creative economy on countries’ economic growth. The focus was on human capital involved in the creative economy. Panel data from 21 countrie...
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LLC "CPC "Business Perspectives"
2025-07-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22550/PPM_2025_03_Khassenova.pdf |
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| author | Nurbanu Khassenova Gulsara Mukina Lyudmila Popp Saule Kaliyeva Ardak Turginbayeva Zhaxat Kenzhin |
| author_facet | Nurbanu Khassenova Gulsara Mukina Lyudmila Popp Saule Kaliyeva Ardak Turginbayeva Zhaxat Kenzhin |
| author_sort | Nurbanu Khassenova |
| collection | DOAJ |
| description | The industrial era is gradually giving way to a creative economy driven by human resources. This study aimed to assess the impact of human resources within the creative economy on countries’ economic growth. The focus was on human capital involved in the creative economy. Panel data from 21 countries (2016–2023) were analyzed. The ILO classification methodology for employment types was applied. A fixed-effects regression model was employed to assess the impact of human capital on economic growth, while controlling for relevant factors. The model’s coefficient of determination increased from 0.494 to 0.652 with the addition of new variables, indicating improved accuracy. These variables were used to assess the effect of creative economy indicators on GDP per capita across countries. A direct correlation has been established between the share of employed people involved in the creative economy and the country’s level of economic development, specifically in terms of GDP per capita (Gini coefficient: r = –0.431, P = 0.01). The quantitative importance of human resources of the creative economy was calculated for both developed and developing countries of the world. The practical value of the obtained results lies in the possibility of their use for the development of public management decisions to stimulate the economic growth of the country. |
| format | Article |
| id | doaj-art-a9c3ab5fb8884e2f88091161e55f2fbb |
| institution | OA Journals |
| issn | 1727-7051 1810-5467 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj-art-a9c3ab5fb8884e2f88091161e55f2fbb2025-08-20T02:36:12ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672025-07-01233132510.21511/ppm.23(3).2025.0222550Impact of human resources in the creative sphere on economic developmentNurbanu Khassenova0https://orcid.org/0009-0002-4363-4946Gulsara Mukina1https://orcid.org/0000-0002-2451-4984Lyudmila Popp2https://orcid.org/0000-0002-0725-5562Saule Kaliyeva3https://orcid.org/0000-0003-0533-2728Ardak Turginbayeva4https://orcid.org/0000-0003-4208-6167Zhaxat Kenzhin5https://orcid.org/0000-0001-6085-8349Doctoral Student, Ph.D., Department of Economics and Entrepreneurship, Faculty of Economics, L.N. Gumilyov Eurasian National University, KazakhstanPh.D., Associate Professor, Department of Economics, Faculty of Economics and Law, Toraighyrov University, KazakhstanPh.D. in Economics, Professor, Department of Economics, Faculty of Economics and Law, Toraighyrov University, KazakhstanDoctor of Economics, Associate Professor, Faculty of Economics, Institute of Economics of the Science Committee of the Ministry of Science and Higher Education of the Republic of Kazakhstan, KazakhstanDoctor of Economics, Associate Professor, Faculty of Economics, Institute of Economics of the Science Committee of the Ministry of Science and Higher Education of the Republic of Kazakhstan, KazakhstanPh.D., Associate Professor, Department of Academic Activities, Human Resources Faculty, Academy of Physical Education and Mass Sports, Kazakhstan.The industrial era is gradually giving way to a creative economy driven by human resources. This study aimed to assess the impact of human resources within the creative economy on countries’ economic growth. The focus was on human capital involved in the creative economy. Panel data from 21 countries (2016–2023) were analyzed. The ILO classification methodology for employment types was applied. A fixed-effects regression model was employed to assess the impact of human capital on economic growth, while controlling for relevant factors. The model’s coefficient of determination increased from 0.494 to 0.652 with the addition of new variables, indicating improved accuracy. These variables were used to assess the effect of creative economy indicators on GDP per capita across countries. A direct correlation has been established between the share of employed people involved in the creative economy and the country’s level of economic development, specifically in terms of GDP per capita (Gini coefficient: r = –0.431, P = 0.01). The quantitative importance of human resources of the creative economy was calculated for both developed and developing countries of the world. The practical value of the obtained results lies in the possibility of their use for the development of public management decisions to stimulate the economic growth of the country.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22550/PPM_2025_03_Khassenova.pdfcreative economycreative industriescreative potentialGDPhuman resourcessustainable development |
| spellingShingle | Nurbanu Khassenova Gulsara Mukina Lyudmila Popp Saule Kaliyeva Ardak Turginbayeva Zhaxat Kenzhin Impact of human resources in the creative sphere on economic development Problems and Perspectives in Management creative economy creative industries creative potential GDP human resources sustainable development |
| title | Impact of human resources in the creative sphere on economic development |
| title_full | Impact of human resources in the creative sphere on economic development |
| title_fullStr | Impact of human resources in the creative sphere on economic development |
| title_full_unstemmed | Impact of human resources in the creative sphere on economic development |
| title_short | Impact of human resources in the creative sphere on economic development |
| title_sort | impact of human resources in the creative sphere on economic development |
| topic | creative economy creative industries creative potential GDP human resources sustainable development |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22550/PPM_2025_03_Khassenova.pdf |
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