Creative Industries in the Structural Modernization of Ukraine’s Economy: A Matrix of Development Instruments

Authors

  • Olha Osadcha
  • Denys Niedielko

DOI:

https://doi.org/10.35774/

Keywords:

creative economy, cultural and creative sectors, policy instruments, structural modernization, post-war recovery, regional development, creative ecosystems, smart specialization, public-private partnership, economic resilience

Abstract

The study is devoted to the development of a matrix of instruments for supporting creative industries in Ukraine, with an emphasis on the financial-fiscal, institutional and regional dimensions of their functioning. The relevance of the study is determined by the growing role of creative industries as an economic sector capable of generating added value, employment, export potential and regional growth points. At the same time, regulatory identification and statistical recording do not ensure the transformation of creative potential into a sustainable economic result. The purpose of the article is to justify the matrix by systematizing financial-fiscal, institutional and regional support mechanisms, defining their levels of application, target problems and expected effects. The methodological basis includes a systematic approach, structural and logical generalization, grouping and the matrix method. Support for creative industries is considered through three interconnected dimensions. Financial-fiscal instruments provide access to resources; institutional instruments create rules, coordination, protection of intellectual property and organizational stability; regional instruments adapt support to the potential of territories and their entrepreneurial environment. The matrix links grants, tax incentives, preferential lending, public-private partnership, business and education platforms, creative clusters, hubs, smart specialization programs and local ecosystems with the problems they address and the expected results. It is concluded that the matrix makes it possible to move from fragmented support for individual initiatives to a more coherent policy for creative industries in the context of structural modernization and post-war recovery of Ukraine. Further research should focus on indicators for assessing the effectiveness of these instruments and their impact on employment, added value, export potential and regional ecosystems.

References

Verkhovna Rada of Ukraine. (2010). On Culture: Law of Ukraine dated 14.12.2010 No. 2778-VI. https://zakon.rada.gov.ua/laws/show/2778-17#Text. [in Ukrainian].

Cabinet of Ministers of Ukraine. (2019). On approval of the types of economic activity that belong to creative industries: Order dated 24.04.2019 No. 265-r. https://zakon.rada.gov.ua/ laws/show/265-2019-%D1%80#Text. [in Ukrainian].

UN Trade and Development. (n.d.). Global exports of creative goods and services. UNCTADstat. https://unctadstat.unctad.org/insights/theme/97. [in English].

Ukrainian Center for Cultural Studies. (2025). Creative industries: main performance indicators in 2023–2024: statistical review. https://uccr.org.ua/news/kreatyvni-industrii-osnovni-pokaznyky-diialnosti-u-2023-2024-rokakh-statystychnyy-ohliad/. [in Ukrainian].

Dulska, I. V. (2024). The role of digitalization of creative industries during wartime and in the period of post-war recovery of Ukraine. Economy of Ukraine, 67, 7 (752), 70–93. https://doi. org/10.15407/economyukr.2024.07.070. [in Ukrainian].

Bezuhla, L. S., Lazakovych, I. I. (2024). Creative industries and creative economy: Ukraine’s experience in wartime. Economy and Society, 63. https://doi.org/10.32782/2524-0072/2024-63-30. [in Ukrainian].

Posnova, T. V., Telishchuk, M. M. (2023). Restoration of creative economy development in the regions of Ukraine. Regional Economy, 1 (107), 14–22. https://doi.org/10.36818/1562-0905-2023-1-2. [in Ukrainian].

Svyshchuk, I. S. (2025). Current trends in the development of creative industries in Ukraine. Sustainable Development of Economy, 1 (52), 150–157. https://doi.org/10.32782/2308-1988/2025-52-21. [in Ukrainian].

Khlystova, O., Kalyuzhnova, Y. (2023). The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship. The Journal of Technology Transfer, 48 (5), 1654–1695. https://doi.org/10.1007/s10961-023-10020-2. [in English].

Loots, E., Betzler, D., Bille, T., Borowiecki, K. J., Lee, B. (2022). New forms of finance and funding in the cultural and creative industries. Introduction to the special issue. Journal of Cultural Economics, 46 (2), 205–230. https://doi.org/10.1007/s10824-022-09450-x. [in English].

Karnaukh, A., Kravchuk, K. (2024). Culture and creative industries in Ukraine: resilience, recovery, integration with the EU: final report. Cultural Relations Platform. 47 p. https://www. cultureinexternalrelations.eu/wp-content/uploads/2024/07/DGEAC-CRP-UA-Report-July-2024-UA.pdf. [in Ukrainian].

Kalfas, D., Kalogiannidis, S., Ambas, V., Chatzitheodoridis, F. (2024). Contribution of the cultural and creative industries to regional development and revitalization: a European perspective. Urban Science, 8 (2), Article 39. https://doi.org/10.3390/urbansci8020039. [in English].

OECD. (2023). Leveraging cultural and creative sectors for development in the European Union outermost regions. OECD Local Economic and Employment Development (LEED) Papers, 2023/21. Paris: OECD Publishing. https://doi.org/10.1787/950f214a-en. [in English].

Marshavin, O. Yu. (2023). Creative employment as a modern resource of socio-economic recovery of Ukraine. Social and Labour Relations: Theory and Practice, 13 (2), 11–19. https:// doi.org/10.21511/slrtp.13(2).2023.02. [in Ukrainian].

Puzko, M. M. (2024). Public-private partnership in the sphere of culture and creative industries of Ukraine in the context of European integration processes. Strategy of Economic Development of Ukraine, 55, 52–70. https://doi.org/10.33111/sedu.2024.55.052.070. [in Ukrainian].

Pererva, I., Gruzina, I. (2025). Development of creative industries as a driver of economic growth in the digital age: international support policies and financing mechanisms. Economy and Society, 73. https://doi.org/10.32782/2524-0072/2025-73-58. [in Ukrainian].

Published

2026-08-26

How to Cite

Osadcha, Olha, and Denys Niedielko. “Creative Industries in the Structural Modernization of Ukraine’s Economy: A Matrix of Development Instruments”. Herald of Economics, no. 3, Aug. 2026, pp. 56-66, https://doi.org/10.35774/.