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http://hdl.handle.net/10419/44170
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| Title: | | The phantom of the opera: Cultural amenities, human capital, and regional economic growth  |
| Authors: | | Falck, Oliver Fritsch, Michael Heblich, Stephan |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5065 |
| Abstract: | | We analyze the extent to which endogenous cultural amenities affect the spatial equilibrium share of high-human-capital employees. To overcome endogeneity, we draw on a quasi-natural experiment in German history and exploit the exogenous spatial distribution of baroque opera houses built as a part of rulers' competition for prestigious cultural amenities. Robustness tests confirm our strategy and strengthen the finding that proximity to a baroque opera house significantly affects the spatial equilibrium share of high-human-capital employees. Then, a cross-region growth regression shows that these employees induce local knowledge spillovers and shift a location to a higher growth path. |
| Subjects: | | cultural amenities regional economic growth human capital Bohemians |
| JEL: | | H41 R11 J24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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