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The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth

Oliver Falck (), Michael Fritsch () and Stephan Heblich ()

No Ifo Working Paper Nr. 88, Ifo Working Paper Series from Ifo Institute for Economic Research at the University of Munich

Abstract: We analyze the extent to which endogenous cultural amenities affect the spatial equilibriumshare of high-human-capital employees. To overcome endogeneity, we draw on a quasinaturalexperiment in German history and exploit the exogenous spatial distribution ofbaroque 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 baroqueopera house significantly affects the spatial equilibrium share of high-human-capitalemployees. Then, a cross-region growth regression shows that these employees induce localknowledge spillovers and shift a location to a higher growth path.

Keywords: Cultural Amenities; Regional Economic Growth; Human Capital; Bohemians (search for similar items in EconPapers)
JEL-codes: H41 J24 R11 (search for similar items in EconPapers)
Date: 2010
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Related works:
Journal Article: The phantom of the opera: Cultural amenities, human capital, and regional economic growth (2011) Downloads
Working Paper: The phantom of the opera: Cultural amenities, human capital, and regional economic growth (2011)
Working Paper: The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth (2010) Downloads
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