|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The phantom of the opera: Cultural amenities, human capital, and regional economic growth|
Regional economic growth
|Citation:||Falck O, Fritsch M & Heblich S (2011) The phantom of the opera: Cultural amenities, human capital, and regional economic growth, Labour Economics, 18 (6), pp. 755-766.|
|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 sights. 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. A cross-region growth regression shows that these employees induce local knowledge spillovers and shift a location to a higher growth path.|
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