Education or Creativity: what matters most for economic performance?
AbstractThere is a large consensus among social researchers on the positive role played by human capital on economic performances. The standard way to measure the human capital endowment is to consider the educational attainments by the resident population, usually the share of people with a university degree. Recently, Florida (2002) suggested a different measure of human capital - the “creative class” - based on the actual occupations of individuals in specific jobs like science, engineering, arts, culture, and entertainment. However, the empirical analyses carried out so far overlooked a serious measurement problem concerning the clear definition of the education and creativity components of human capital. This paper aims to disentangle this issue by proposing a disaggregation of human capital into three non- overlapping categories of creative graduates, bohemians and non creative graduates. Using a spatial error model to account for spatial dependence, we assess the concurrent effect of the human capital indicators on total factor productivity for 257 regions of EU27. Our results indicate that highly educated people working in creative occupations are the most relevant component in explaining production efficiency, non creative graduates exhibit a lower impact, while the bohemians do not show a significant effect on regional performance. Moreover, a significant influence is exerted by technological capital, cultural diversity and industrial and geographical characteristics, thus providing robust evidence that a highly educated, innovative, open and culturally diverse environment is becoming more and more central for productivity enhancements.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 201031.
Date of creation: 2010
Date of revision:
human capital; creativity; education; tfp; technological capital; diversity; european regions;
Other versions of this item:
- Emanuela Marrocu & Raffaele Paci, 2012. "Education or Creativity: What Matters Most for Economic Performance?," Economic Geography, Clark University, vol. 88(4), pages 369-401, October.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-03 (All new papers)
- NEP-EFF-2011-01-03 (Efficiency & Productivity)
- NEP-GEO-2011-01-03 (Economic Geography)
- NEP-HRM-2011-01-03 (Human Capital & Human Resource Management)
- NEP-URE-2011-01-03 (Urban & Real Estate Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- R. Paci & E. Marrocu, 2012.
"Knowledge assets and regional performance,"
Working Paper CRENoS
201213, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Karol Jan BOROWIECKI, 2013.
"Agglomeration Economies in Classical Music,"
Trinity Economics Papers
tep0213, Trinity College Dublin, Department of Economics.
- 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.
- Borowiecki, Karol J., 2013. "Agglomeration Economies in Classical Music," Discussion Papers of Business and Economics 13/2013, Department of Business and Economics, University of Southern Denmark.
- Karol J. Borowiecki, 2013. "Agglomeration Economies in Classical Music," Working Papers 0047, European Historical Economics Society (EHES).
- Christoph Alfken & Tom Broekel & Rolf Sternberg, 2013. "Factors explaining the spatial agglomeration of the Creative Class. Empirical evidence for German artists," Working Papers on Innovation and Space 2013-02, Philipps University Marburg, Department of Geography.
- d'Agostino, Giorgio & Scarlato, Margherita, 2011.
"Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions,"
31939, University Library of Munich, Germany.
- Giorgio D'Agostino & Margherita Scarlato, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," Departmental Working Papers of Economics - University 'Roma Tre' 0138, Department of Economics - University Roma Tre.
- Amitrajeet Batabyal & Hamid Beladi, 2014. "A model of trade between creative regions in the presence of sector specific learning by doing," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 573-585, July.
- Emanuela Marrocu & Raffaele Paci, 2013.
"Regional Development and Creativity,"
International Regional Science Review,
, vol. 36(3), pages 354-391, July.
- Emanuela Marrocu & Raffaele Paci, 2012. "Regional development and creativity," ERSA conference papers ersa12p375, European Regional Science Association.
- E. Marrocu & R. Paci, 2012. "Regional development and creativity," Working Paper CRENoS 201202, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Neil Lee & Andrés Rodríguez-Pose, 2014.
"Creativity, cities, and innovation,"
Environment and Planning A,
Pion Ltd, London, vol. 46(5), pages 1139-1159, May.
- David Audretsch & Maksim Belitski, 2013. "The missing pillar: the creativity theory of knowledge spillover entrepreneurship," Small Business Economics, Springer, vol. 41(4), pages 819-836, December.
- Winters, John V., 2013. "STEM Graduates, Human Capital Externalities, and Wages in the U.S," IZA Discussion Papers 7830, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonello Pau).
If references are entirely missing, you can add them using this form.