The creative industries effects on economic performance in the time of pandemic
International Journal of Ethics and Systems
ISSN: 2514-9369
Article publication date: 22 June 2022
Issue publication date: 12 July 2023
Abstract
Purpose
This paper aims to investigate empirically whether creative industries are boosting the economic performance of the ASEAN countries (Malaysia, Indonesia, Singapore, Thailand, Vietnam and Brunei Darussalam) during the Coronavirus disease (COVID-19) pandemic.
Design/methodology/approach
This paper applied a random effect and fixed effect estimation approach to investigate the impact of creative industries’ development (government expenditure on education, export of creative industries, trade openness, innovation index, sukuk issuances) on the economic performance spanning from 2010 to 2020.
Findings
The economic performance was proxied by two dependent variables, namely, the gross domestic product and the Misery Index. On top of containment and vaccination measures, the findings demonstrated that creative industries are enhancing economic growth in Association of Southeast Asian Nations (ASEAN) countries, supported by the significant role of the sukuk market as a vital contributor to economic growth.
Originality/value
This study is unique because it provides novel and empirical results of the creative industries’ development on economic performance in the ASEAN countries before and during the COVID-19 pandemic.
Keywords
Acknowledgements
This work was supported by the College Grant Scheme, SO Code: 14554, Research ID: 5007663, Islamic Business School, Universiti Utara Malaysia, Sintok, Kedah Darul Aman, Malaysia.
Citation
Che Arshad, N. and Irijanto, T.T. (2023), "The creative industries effects on economic performance in the time of pandemic", International Journal of Ethics and Systems, Vol. 39 No. 3, pp. 557-575. https://doi.org/10.1108/IJOES-10-2021-0199
Publisher
:Emerald Publishing Limited
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