It Takes a Village: A Test of the Creative Class, Social Capital and Human Capital Theories
Year: 2008
Type: preprint
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.
Source: SSRN Electronic Journal
Authors: Michele Hoyman, Christopher Faricy
Institution: University of North Carolina at Chapel Hill
Language: English
Subfield: Urban Studies
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2123597199