Acta academica karviniensia 2017, 17(3):5-17 | DOI: 10.25142/aak.2017.018

ASSESSMENT OF THE SOCIO-ECONOMIC IMPORTANCE OF THE CULTURE SECTOR IN THE EU COUNTRIES

Eva Ardielli

VŠB - Technical University of Ostrava, Faculty of Economics, Sokolská 33, 702 00 Ostrava, Email:eva.ardielli@vsb.cz

The culture sector is from the European or national perspective often designated as a dynamic segment of the economy, which is also characterized by high rates of GDP growth. This fact reinforces the importance of the sector within the European Union, as GDP growth belongs among the primary goals of the Community, in accordance with European legislation and key EU documents. However, from the socio-economic perspective the benefits of culture sector are economically difficult to quantify. The paper is focused on the problems the culture sector assessment from the point of view of socio-economic importance in the international context of the European Union. The research is based on the usage of MCDM methods (TOPSIS and WSA). The results are focused on the comparison of the socio-economic importance of the culture sector in EU member countries. For the assessment are chosen 7 socio-economic culture indicators describing the importance of culture sector in the country. The results of two selected MCDM methods are verified on the basis of correlation analysis.

Keywords: assessment, culture sector, European Union, MCDM methods, socio-economic importance

JEL classification: H11, H41, Z18

Received: April 29, 2017; Accepted: September 20, 2017; Published: September 30, 2017  Show citation