Abstract
Economic development in the current century may favor those metropolitan areas that attract the “knowledge class.” This study provides a cross-sectional analysis associating the presence of one or more professional symphony, opera, or ballet/dance organizations with knowledge class growth. The authors find that the presence of one type of such organization is associated with a 1.1% change in knowledge class employment over the period from 2000 to 2010, two types are associated with a 1.5% change, and all three are associated with a 2.2% change. Between 2000 and 2010, the presence of at least one professional performing arts organization is associated with about 540,000 knowledge class jobs, generating about $60 billion in annual income among those 118 metropolitan areas with professional performing arts organizations. Metropolitan economic development implications are offered.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 88-98 |
| Number of pages | 11 |
| Journal | Economic Development Quarterly |
| Volume | 30 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 1 2016 |
Keywords
- economic development
- knowledge class
- professional performing
ASJC Scopus subject areas
- Development
- Economics and Econometrics
- Urban Studies
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