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IZA
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The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth
by
Oliver Falck, Michael Fritsch, Stephan Heblich
(July 2010)
published in: Labour Economics, 2011, 18 (6), 755-766
Abstract:
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 amenities. 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. Then, a cross-region growth regression shows that these employees induce local knowledge spillovers and shift a location to a higher growth path.
Text: See Discussion Paper No. 5065 
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