The Phantom of the opera: cultural amenities, human capital, and regional economic growth [Recurs electrònic] / Oliver Falck, Michael Fritsch, Stephan Heblich
In: Labour economics Vol. 18, no. 6 (2011), p. 755-766Summary: 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. (Font: Editor)No physical items for this record
1. Introduction -- 2. Baroque opera houses in Germany as a quasi-natural experiment -- 3. The contemporary distribution of high-human-capital employees and local cultural amenities -- 4. Regional growth and human capital -- 5. Conclusions -- Appendix -- References
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