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http://hdl.handle.net/1893/10939| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | The phantom of the opera: Cultural amenities, human capital, and regional economic growth |
| Author(s): | Falck, Oliver Fritsch, Michael Heblich, Stephan |
| Contact Email: | stephan.heblich@stir.ac.uk |
| Keywords: | Cultural amenities Regional economic growth Human capital Bohemians |
| Issue Date: | Dec-2011 |
| Date Deposited: | 11-Feb-2013 |
| 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. https://doi.org/10.1016/j.labeco.2011.06.004 |
| 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. |
| DOI Link: | 10.1016/j.labeco.2011.06.004 |
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