Human Capital and Metropolitan Employment Growth

Simon, Curtis J.

doi:10.1006/juec.1997.2048

“…34 However, the university before 1500 AD dummy becomes insignificant when added to the measure of current regional human capital. This suggests that universities lead to advantages among regions concerning their human capital that 33 This finding is for example in line with Simon (1998) and Gennaioli et al (2013) who highlight the importance of human capital for regional development and city growth. 34 In the specification with the distance to trade center variable and historical region characteristics (column (7)), the other historical region characteristics also seem to be significant (at least at the 10% level).…”

supporting

confidence: 56%

Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development

Wahl

¹

2016

Regional Science and Urban Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis study empirically establishes a link between medieval trade, agglomeration and contemporary regional development in ten European countries. It documents a statistically and economically significant positive relationship between prominent involvement in medieval trade and commercial activities and regional economic development today. Further empirical analyses show that medieval trade positively influenced city development both during the medieval period and in the long run; they also reveal a robust connection between medieval city growth and contemporary regional agglomeration and industry concentration. A mediation analysis indicates that a long-lasting effect of medieval trade on contemporary regional development is indeed transmitted via its effect on agglomeration and industry concentration. This research thus highlights the long-run importance of medieval trade in shaping the development of cities as well as the contemporary spatial distribution of economic activity throughout Europe. The path-dependent regional development processes caused by medieval commercial activities help explain the observed persistent regional development differences across the European countries considered.

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“…Lucas (1988) argues that cities are the preferred unit of analysis when human capital (and associated externalities) may be an important component of the growth process. For instance, Drennan (2005), Glaeser and Saiz (2004), Simon and Nardinelli (2002), Simon (1998), Glaeser, Scheinkman, and Shleifer (1995), Crihfield and Panggabean (1995) and Rauch (1993) examine determinants of growth for metropolitan areas (and cities) and find that human capital has a powerful impact on economic performance, as measured by population, employment, and income growth, as well as on productivity. These studies also examine a variety of influences on metropolitan growth, including industry mix, amenities, race, and geography, as well as manufacturing and public capital investment.…”

Section: Literature and Theoretical Frameworkmentioning

confidence: 99%

“…This research has used a wide variety of explanatory variables, including human capital, industry mix, amenities, race, and geography, as well as inputs into the production process, like manufacturing and public capital investment. Human capital investment, measured by education attainment, is often found to be highly correlated with strong metropolitan growth, for instance in Drennan (2005), Glaeser and Saiz (2004), Simon (1998), Glaeser, Scheinkman, and Shleifer (1995), and Crihfield and Panggabean (1995).…”

mentioning

confidence: 99%

Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets

Hammond

¹

,

Thompson

²

2008

American J Agri Economics

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This article analyzes determinants of growth across labor markets in the United States, using a production function approach based on four inputs: labor, manufacturing investment, human capital investment, and public capital investment. We find little role for public capital investment in growth, but that manufacturing investment spurred growth in nonmetropolitan areas, in contrast to metropolitan areas. We also find that human capital investment mattered more for metropolitan areas than for nonmetropolitan areas. Further, the presence of more colleges and universities, more household amenities, and lower tax rates are all found to have encouraged human capital accumulation in U.S. labor markets. Copyright 2008, Oxford University Press.

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“…Regional economic studies have linked higher levels of human capital to increases in employment and population growth, wages, and housing prices (Moretti 2004;Simon 1998;Glaeser, Scheinkman and Shleifer 1995;Rauch 1993). In addition, larger stocks of human capital have been shown to lead to more rapid reinvention and increases in longrun economic vitality (Glaeser 2005;Glaeser and Saiz 2004).…”

Section: Introductionmentioning

confidence: 99%

Human Capital and Economic Activity in Urban America

Abel

¹

,

Gabe²

2011

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractWe examine the relationship between human capital and economic activity in U.S. metropolitan areas, extending the literature in two ways. First, we utilize new data on metropolitan area GDP to measure economic activity. Results show that a one-percentagepoint increase in the proportion of residents with a college degree is associated with about a 2 percent increase in metropolitan area GDP per capita. Second, we develop measures of human capital that reflect the types of knowledge within U.S. metropolitan areas. Regional knowledge stocks related to the provision of producer services and information technology are important determinants of economic vitality.

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Human Capital and Metropolitan Employment Growth

Cited by 247 publications

References 17 publications

Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development

Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development

Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets

Human Capital and Economic Activity in Urban America

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