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A Measurement Issue Regarding The Link Between A Region'S Creative Infrastructure And Its Income

Author

Listed:
  • Amitrajeet A. BATABYAL

    (Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA.)

  • Seung JICK YOO

    (Corresponding Author. Graduate School of International Service, Sookmyung Women's University, 100 Cheongpa-ro 47-gil, Yongsan-gu, Seoul, Republic of Korea.)

Abstract

The creative capital possessed by the members of the creative class in region is either acquired through education or present innately in these members. Therefore, the creative infrastructure in the region is the sum of a part representing creative capital obtained through education and a second part denoting creative capital present innately in the creative class members. A researcher wishes to estimate the true relationship between the region's log income per creative class member and its creative infrastructure He has data on but not on We study whether an ordinary least squares (OLS) regression of on a constant and will produce an unbiased estimate of the impact of on in two cases. In the first case, and are uncorrelated. In the second case, and are positively correlated.

Suggested Citation

  • Amitrajeet A. BATABYAL & Seung JICK YOO, 2018. "A Measurement Issue Regarding The Link Between A Region'S Creative Infrastructure And Its Income," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(3), pages 127-132, December.
    • Handle: RePEc:hrs:journl:v:x:y:2018:i:3:p:127-132
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Creative Capital; Creative Infrastructure; Ordinary Least Squares Estimation;
    All these keywords.

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General

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