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The Creative Class, Bohemians and Local Labor Market Performance / Annie, Tubadji

Jahrbücher für Nationalökonomie und Statistik, Volume: 229, Issue: 2-3

Swansea University Author: Annie, Tubadji

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Abstract

The paper aims at testing Florida's concept of the Creative Class using panel data for 323 West German regions for the time period 1975—2004. Applying a dynamic system approach based on GMM, we find that the local concentration of the Creative Class has predictive power for the economic develop...

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Published in: Jahrbücher für Nationalökonomie und Statistik
ISSN: 0021-4027 2366-049X
Published: 2009
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa51999
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Abstract: The paper aims at testing Florida's concept of the Creative Class using panel data for 323 West German regions for the time period 1975—2004. Applying a dynamic system approach based on GMM, we find that the local concentration of the Creative Class has predictive power for the economic development of a region and tends to outperform traditional indicators of human capital. However, our results do not support Florida's assertion that the creative workers flock where the Bohemians are. According to our findings, the Creative Class is attracted by favorable economic conditions as indicated by employment growth or an increasing wage bill.
Keywords: Culture, Regional Development, Bohemians, Creative Class, Dynamic Panel Methods
College: School of Management
Issue: 2-3