It Takes a Village: A Test of the Creative Class, Social Capital and Human Capital Theories

Michele Hoyman · Christopher Faricy

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Cultural Industries and Urban Development Economic Growth and Productivity Regional Economics and Spatial Analysis

Abstract

Richard Florida in The Rise of the Creative Class introduced one of the most widely adopted urban growth strategies in decades. However, scholars have found little theoretical support for the connection between the creative class and economic development. This article empirically tests the creative class theory as compared to the human and social capital models of economic growth. Our results demonstrate that the creative class is not related to growth, whereas human capital is a good predictor of all economic growth and development measures. We found mixed results for social capital although it outperformed all models in predicting average wage.

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References

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