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Title:Cultural infrastructure and regional economic well-being in Germany: Are we creative yet? PDF Logo
Authors:Krauskopf, Thomas
Bünger, Björn
Langen, Martin
Issue Date:2010
Series/Report no.:CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 30
Abstract:The influence of the creative class on regional economic well-being is discussed by using the concepts of Richard Florida. We apply this theory on the level of all German major cities in a 10 year period from 1997 to 2006. The theoretical part gives an overview about similar applications. The empirical part firstly describes the development of the theatre, employment and population structures of these cities. Secondly, these data are used to investigate a possible connection between theatre variables and economic growth (approximated by the municipal net tax base). We apply a balanced panel estimation with cross-section fixed effects on the data. It is shown that there is a connection between the growth of the number of theatre actors (proxy for the dimension of the creative class) and the growth of the net tax base. The growth of the number of actors Granger causes the growth of the net tax base. This result supports Florida's theory that the dimension of the creative class influences the economic well-being of a region.
Subjects:creative class
regional economic well-being
fixed effects estimation
Document Type:Working Paper
Appears in Collections:CAWM Discussion Papers, Universität Münster

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