Is the creative class a shock absorber against an economic recession? Spatial labour market resilience in Romania

ABSTRACT

The creative class has been argued to both hamper and support economic resilience. As such, we propose a new framework on the significance of the creative class for local economic resilience, namely: the creativity and resilience analysis approach (CREA). The study contributes to the literature (1) by evaluating resilience through an index that includes multiple dimensions of creativity-based economic development; and (2) by identifying preliminary findings that link economic resilience with spatial shifts in local labour markets.

KEYWORDS:

• creative class
• economic resilience
• spatial labour markets
• Romania
• economic crisis

JEL:

• C21
• R11
• R12

ACKNOWLEDGEMENTS

The authors express their gratitude to the editor and three anonymous reviewers whose comments and suggestions helped improve this manuscript.

AUTHOR CONTRIBUTIONS

Conceptualisation, A.M.P.; methodology, A.M.P.; formal analysis, A.M.P.; data curation, A.M.P.; writing – original draft preparation, A.M.P., B.N., A.P. K.K.; writing – review and editing, A.M.P., B.N., A.P. K.K.; visualisation, A.M.P., K.K.; supervision, B.N., A.P. K.K. All authors have read and agreed to the published version of the manuscript.

DISCLOSURE STATEMENT

No potential conflict of interest was reported by the authors.

Additional information

Funding

This study was funded by the Romanian Executive Unit for Financing Higher Education, Research, Development and Innovation (UEFISCDI) through the project Advancing Ground-Breaking Research in Regional Growth and Development Theories, through a Resilience Approach: Toward a Convergent, Balanced and Sustainable European Union [project code PN-III-P4-ID-PCCF-2016-0166].