This paper investigates the impact of cultural and creative industries (CCI) finance on green economic growth in 16 European Union countries from 2012 to 2021. Using the Arellano-Bond dynamic GMM technique, the study finds a positive and significant relationship between CCI market size, green innovation, financial market openness, cultural goods trade, and green bonds, and the green economy index. Policy implications include developing green financing tools, utilizing green cryptocurrencies, promoting multilateralism in cultural goods trade, fostering cross-cultural exchange, and providing green government support for SMEs in the cultural industry.

Chao Wang, Jingfeng Zhang, Ming Zhang