@TechReport{iza:izadps:dp5065,
            	author={Falck, Oliver and Fritsch, Michael and Heblich, Stephan},
            	title={The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth},
            	year={2010},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5065},
            	url={https://www.iza.org/index.php/publications/dp5065},
	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.},
	keywords={regional economic growth;Bohemians;human capital;cultural amenities},
            }