Public policy for the creative industries

Hasan Bakhshi, Stuart Cunningham, Juan Mateos-Garcia

Research output: A Conference proceeding or a Chapter in BookChapterpeer-review


The cultural and creative industries are closely intertwined with government. This chapter reviews key economic rationales for public policy interventions for the arts, cultural and creative industries. Market failure justifications depend on the status of arts and culture as non-rival public goods, as ‘merit goods’, or the need to moderate the effects of up-front investment costs or monopoly, and the inherent uncertainty of creative production. ‘Systems failure’ too is a regular rationale for policy intervention. Using the United Kingdom as an example, the chapter shows how emphasis on these rationales has shifted over the last three decades, first in the context of industrial policies for traditional aims such as exports and job growth, which have been joined in recent years by the need for investment in intangibles, knowledge exchange, and spillover effects in the wider economy.
Original languageEnglish
Title of host publicationThe Oxford Handbook of Creative Industries
EditorsCandance Jones, Mark Lorenzen, Jonathan Sapsed
Place of PublicationUnited Kingdom
PublisherOxford University Press
Number of pages21
ISBN (Print)9780199603510
Publication statusPublished - 2015
Externally publishedYes


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