%0 Report
        %A Falck, Oliver
%A Fritsch, Michael
%A Heblich, Stephan
        %T The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth
        %D 2010
        %8 2010 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 5065
        %U https://www.iza.org/index.php/publications/dp5065
        %X 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.
        %K regional economic growth
%K Bohemians
%K human capital
%K cultural amenities