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Human Capital and Economic Activity in Urban America

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  • Jaison Abel
  • Todd Gabe

Abstract

Abel J. R. and Gabe T. M. Human capital and economic activity in urban America, Regional Studies. The relationship between human capital and economic activity in US metropolitan areas is examined, extending the literature in two ways. First, new data on metropolitan area gross domestic product are utilized to measure economic activity. Results show that a 1 percentage point increase in the proportion of residents with a college degree is associated with about a 2% increase in metropolitan area gross domestic product per capita. Second, measures of human capital are developed that reflect the types of knowledge within US metropolitan areas. Regional knowledge stocks related to the provision of producer services and information technology are important determinants of economic vitality. [image omitted] Abel J. R. et Gabe T. M. Le capital humain et l'activite economique dans l'Amerique urbaine, Regional Studies. On examine le rapport entre le capital humain et l'activite economique dans les zones metropolitaines aux Etats-Unis, elargissant la documentation a deux temps. Primo, on emploie de nouvelles donnees sur le produit interieur brut des zones metropolitaines afin d'estimer l'activite economique. Les resultats laissent voir qu'une augmentation de 1% de la proportion des habitants diplomes se rapporte a une augmentation de 2% du produit interieur brut par tete dans les zones metropolitaines. Secundo, on developpe des mesures du capital humain qui refletent la connaissance qui caracterise les zones metropolitaines aux Etats-Unis. Le stock de connaissance regionale qui se rapporte a la fourniture des services aux entreprises et de la technologie de l'information s'averent un determinant non-negligeable de la vitalite economique. Capital humain Connaissance Nouvelle economie Productivite Abel J. R. und Gabe T. M. Humankapital und Wirtschaftsaktivitat in Stadten der USA, Regional Studies. Wir untersuchen die Beziehung zwischen Humankapital und Wirtschaftsaktivitat in Grossstadtgebieten der USA und erganzen die Literatur in diesem Gebiet auf zweierlei Weise. Erstens nutzen wir neue Daten uber das Bruttoinlandsprodukt von Grossstadtgebieten zur Messung der Wirtschaftsaktivitat. Aus den Ergebnissen geht hervor, dass eine einprozentige Erhohung des Anteils der Einwohner mit Hochschulabschluss mit einer etwa zweiprozentigen Erhohung des Pro-Kopf-Bruttoinlandsprodukts in einem Grossstadtgebiet einhergeht. Zweitens entwickeln wir Massstabe fur das Humankapital, die den Arten von Wissen in Grossstadtgebieten der USA entsprechen. Der regionale Wissensschatz im Zusammenhang mit der Bereitstellung von Wirtschaftsdienstleistungen und Informationstechnik ist ein wichtiger Determinant fur die wirtschaftliche Vitalitat. Humankapital Wissen Neue Wirtschaft Produktivitat Abel J. R. y Gabe T. M. Capital humano y actividad economica en areas urbanas de los Estados Unidos, Regional Studies. Examinamos la relacion entre el capital humano y la actividad economica en las areas metropolitanas de los Estados Unidos extendiendo la literatura de dos formas. Primero, utilizamos los nuevos datos del producto interno bruto de areas metropolitanas para medir la actividad economica. Los resultados muestran que un aumento de un 1% en la proporcion de residentes con un titulo universitario se asocia a aproximadamente un aumento de un 2% en el producto interno bruto de areas metropolitanas per capita. Segundo, desarrollamos mediciones del capital humano que reflejan los diferentes tipos de conocimiento en las areas metropolitanas de los Estados Unidos. Los stocks regionales de conocimiento relacionados con el suministro de servicios para productores y la tecnologia de la informacion son determinantes importantes de la vitalidad economica. Capital humano Conocimiento Nueva economia Productividad

Suggested Citation

  • Jaison Abel & Todd Gabe, 2011. "Human Capital and Economic Activity in Urban America," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1079-1090.
  • Handle: RePEc:taf:regstd:v:45:y:2011:i:8:p:1079-1090
    DOI: 10.1080/00343401003713431
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    Cited by:

    1. Backman, Mikaela & Gabe, Todd & Mellander, Charlotta, 2016. "Effects of Human Capital on the Growth and Survival of Swedish Businesses," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 46(1).
    2. Backman, Mikaela, 2013. "Regional Variation of Returns to Education," Working Paper Series in Economics and Institutions of Innovation 300, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    3. Todd Gabe & Jaison Abel & Adrienne Ross & Kevin Stolarick, 2012. "Knowledge in Cities," Urban Studies, Urban Studies Journal Limited, vol. 49(6), pages 1179-1200, May.
    4. Krenz, Astrid, 2016. "Agglomeration of knowledge in the German regional economy," Center for European, Governance and Economic Development Research Discussion Papers 277, University of Goettingen, Department of Economics.
    5. Shin-Kun Peng, 2014. "Housing Market and Agglomeration of Rent-Seeking Activities: Implications for Regional Development," ERSA conference papers ersa14p326, European Regional Science Association.
    6. Benos, Nikos & Karagiannis, Stelios, 2016. "Do education quality and spillovers matter? Evidence on human capital and productivity in Greece," Economic Modelling, Elsevier, vol. 54(C), pages 563-573.
    7. repec:bla:growch:v:48:y:2017:i:1:p:153-173 is not listed on IDEAS
    8. John Winters, 2012. "Differences in employment outcomes for college town stayers and leavers," IZA Journal of Migration, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-17, December.
    9. Up Lim & Ye Choi & Heonyoung Lee, 2015. "Occupational skills and the gender wage gap in Seoul, Korea: a multilevel approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 335-356, December.
    10. Haifeng Qian & Hyejin Jung, 2017. "Solving the knowledge filter puzzle: absorptive capacity, entrepreneurship and regional development," Small Business Economics, Springer, vol. 48(1), pages 99-114, January.
    11. Todd Gabe & Richard Florida & Charlotta Mellander, 2012. "The Creative Class and the crisis," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(1), pages 37-53.
    12. Jaison R. Abel & Todd M. Gabe & Kevin Stolarick, 2014. "Skills across the Urban–Rural Hierarchy," Growth and Change, Wiley Blackwell, vol. 45(4), pages 499-517, December.
    13. Krenz, Astrid, 2014. "Agglomeration of knowledge: A regional economic analysis for the German economy," Center for European, Governance and Economic Development Research Discussion Papers 206, University of Goettingen, Department of Economics.
    14. Jaison R. Abel & Richard Deitz, 2011. "The role of colleges and universities in building local human capital," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 17(Oct).
    15. Jaison R. Abel & Todd M. Gabe & Kevin Stolarick, 2012. "Workforce skills across the urban-rural hierarchy," Staff Reports 552, Federal Reserve Bank of New York.
    16. Benos, Nikos & Karagiannis, Stelios, 2013. "Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece," MPRA Paper 53326, University Library of Munich, Germany.
    17. Javier García-Estévez & Néstor Duch-Brown, 2012. "Student graduation: to what extent does university expenditure matter?," Working Papers 2012/4, Institut d'Economia de Barcelona (IEB).
    18. Richard Florida & Charlotta Mellander & Patrick Adler, 2011. "The Creative Class Paradigm," Chapters,in: Handbook of Creative Cities, chapter 3 Edward Elgar Publishing.

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    Keywords

    Human capital; Knowledge; New economy; Productivity;

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