Impact of human resources in the creative sphere on economic development

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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.

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    • Figure 1. GDP per capita by country list, USD
    • Table 1. Variables of the mathematical model
    • Table 2. Panel data analysis (fixed effects method for modeling the dynamics of prologarithmic GDP per capita)
    • Table 3. Correlations of HRCE
    • Table 4. Comparison of GPD and HRCE averages for 2016–2023
    • Conceptualization
      Nurbanu Khassenova, Zhaxat Kenzhin
    • Formal Analysis
      Nurbanu Khassenova, Zhaxat Kenzhin
    • Methodology
      Nurbanu Khassenova, Gulsara Mukina
    • Resources
      Nurbanu Khassenova, Zhaxat Kenzhin
    • Visualization
      Nurbanu Khassenova, Gulsara Mukina
    • Writing – review & editing
      Nurbanu Khassenova, Gulsara Mukina, Saule Kaliyeva, Ardak Turginbayeva, Zhaxat Kenzhin
    • Data curation
      Gulsara Mukina, Lyudmila Popp
    • Investigation
      Gulsara Mukina, Lyudmila Popp
    • Project administration
      Lyudmila Popp, Zhaxat Kenzhin
    • Writing – original draft
      Lyudmila Popp, Zhaxat Kenzhin
    • Funding acquisition
      Saule Kaliyeva, Ardak Turginbayeva
    • Software
      Saule Kaliyeva, Ardak Turginbayeva
    • Supervision
      Saule Kaliyeva, Ardak Turginbayeva
    • Validation
      Ardak Turginbayeva, Zhaxat Kenzhin