TY  - RPRT
        AU  - Falck, Oliver
AU  - Fritsch, Michael
AU  - Heblich, Stephan
        TI  - The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth
        PY  - 2010/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5065
        UR  - https://www.iza.org/index.php/publications/dp5065
        AB  - 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.
        KW  - regional economic growth
KW  - Bohemians
KW  - human capital
KW  - cultural amenities
        ER  -