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Title: Revitalizing Cities: Amenities, Economic Developments, and the Attraction of Human Capital

Citation Type: Journal Article

Publication Year: 2015

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Abstract: The focus on knowledge, innovation, and a highly educated workforce as the agents of economic transformation has reemphasized Marshalls ideas in the air as the keys to successful long-term growth strategies. He was among the first to suggest that wealth occurs where creative, skilled labor concentrates. It is these individuals who generate the ideas that create new products, processes, innovations, and, most importantly, jobs. Recent empirical work has validated the importance of a well-educated labor for development. As a result, areas that seek to reverse periods of economic contraction are driven to policies and practices that help attract and retain highly productive and skilled labor. Some regions have capitalized on warm weather, mountains, or Bohemian life-style neighborhoods to attract well-educated labor. Other regions lacking those assets have turned to investments in sports facilities or other entertainment-oriented amenities to compete with areas with milder winters. Do those investments often funded by higher taxes have the potential to change labor migration patterns? That is the focus of the research reported to help community leaders design new public policies for redevelopment strategies. Two analyses are provided. The first focuses on the relationship between different sets of amenities and the movement of highly educated workers. The second looks for differences in migration patterns and the presence of different amenities related to the age of educated workers. The findings suggest some entertainment amenities are indeed useful for attracting workers, but additional research is needed.

Url: http://scitechnol.com/revitalizing-cities-amenities-economic-development--the-attraction-of-human-capital-pJyG.pdf

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Authors: Joo, Mijin; Rosentraub, Mark S.

Periodical (Full): Journal of Tourism Research & Hositality

Issue: 1

Volume: 4

Pages: 1-7

Data Collections: IPUMS USA

Topics: Land Use/Urban Organization, Other

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