Inside the black box of regional development--human capital, the creative class and tolerance

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ID: 302184
2008
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Abstract
While there is a general consensus on the importance of human capital to regional development, debate has emerged around two key issues. The first involves the efficacy of educational versus occupational measures (i.e. the creative class) of human capital, while the second revolves around the factors that affect its distribution. We use structural equation models and path analysis to examine the relations from these two alternative measures of human capital and regional income and wages, and also to isolate the relations of tolerance, consumer service amenities and the university on its distribution. We find that human capital and the creative class affect regional development through different channels. The creative class outperforms conventional educational attainment measures in accounting for regional labor productivity measured as wages, while conventional human capital does better in accounting for regional income. We find that tolerance is significantly associated with both human capital and the creative class as well as with wages and income. We also find that the cultural economy has both direct and indirect relationships to regional development and impacts both production and consumption.
Reference Key
openalex_W1988199510 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Richard Florida, Charlotta Mellander, Kevin Stolarick
Journal journal of economic geography
Year 2008
DOI
10.1093/jeg/lbn023
URL
https://doi.org/10.1093/jeg/lbn023
Keywords Keywords not found

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