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

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  • Oliver Falck
  • Michael Fritsch
  • Stephan Heblich

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.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-Ifo_Working_Papers/wp-ifo-2005-2010/IfoWorkingPaper-88.pdf
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Bibliographic Info

Paper provided by Ifo Institute for Economic Research at the University of Munich in its series Ifo Working Paper Series with number Ifo Working Paper Nr. 88.

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Date of creation: 2010
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Handle: RePEc:ces:ifowps:_88

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Keywords: Cultural Amenities; Regional Economic Growth; Human Capital; Bohemians;

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References

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Operas y Crecimiento
    by Jesús Fernández-Villaverde in Nada Es Gratis on 2011-03-19 00:47:53
  2. Culture as an Economic Engine
    by Jack Ewing in Economix on 2011-03-18 09:00:00
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Cited by:
  1. Davide Cantoni & Franziska Kugler & Ludger Wößmann, 2014. "Der lange Schatten der Geschichte: Mechanismen der Persistenz in der Wirtschaftsgeschichte," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 67(02), pages 13-22, 01.
  2. Michael Fritsch & Alina Sorgner, 2013. "Entrepreneurship and Creative Professions - A Micro-Level Analysis," Jena Economic Research Papers 2013-005, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  3. Ghani, Ejaz & Kerr, William R. & O'Connell, Stephen D., 2012. "What makes cities more competitive ? spatial determinants of entrepreneurship in India," Policy Research Working Paper Series 6198, The World Bank.
  4. Karol J. Borowiecki, 2013. "Agglomeration Economies in Classical Music," ACEI Working Paper Series AWP-02-2013, the Association for Cultural Economics International, revised Sep 2013.
  5. Thiess Buettner & Eckhard Janeba, 2013. "City Competition for the Creative Class," CESifo Working Paper Series 4417, CESifo Group Munich.
  6. Kristoffer Moeller, 2014. "Culturally Clustered or in the Cloud? Location of Internet Start-ups in Berlin," SERC Discussion Papers 0157, Spatial Economics Research Centre, LSE.
  7. Benedikt Siegler, 2012. "The Effect of University Openings on Local Human Capital Formation: Difference-in-Differences Evidence from Germany," Working Papers 124, Bavarian Graduate Program in Economics (BGPE).
  8. Michael Fritsch & Michael Stützer, 2012. "The Geography of Creative People in Germany revisited," Jena Economic Research Papers 2012-065, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  9. MORIKAWA Masayuki, 2013. "Postgraduate Education, Labor Participation, and Wages: An empirical analysis using micro data from Japan," Discussion papers 13065, Research Institute of Economy, Trade and Industry (RIETI).
  10. Oliver Falck & Stephan Heblich & Anne Otto, 2013. "Agglomerationsvorteile in der Wissensgesellschaft: Empirische Evidenz für deutsche Gemeinden," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 66(03), pages 17-21, 02.
  11. Ludger Wößmann, 2011. "Die Bedeutung von Bildung für die Wirtschaftsentwicklung: Eine neue wirtschaftshistorische Forschungsagenda anhand preußischer Kreisdaten, Teil 2," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 64(01), pages 41-47, 01.
  12. MORIKAWA Masayuki, 2012. "Postgraduate Education and Human Capital Productivity in Japan," Discussion papers 12009, Research Institute of Economy, Trade and Industry (RIETI).
  13. Borowiecki, Karol Jan, 2012. "History matters: The origins of cultural supply in Italy," Discussion Papers of Business and Economics 15/2012, Department of Business and Economics, University of Southern Denmark.

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