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Title: Productivity, infrastructure and human capital in the Spanish regions
Author: Carrión i Silvestre, Josep Lluís
Surdeanu, Laura
Keywords: Anàlisi de dades de panel
Estimació d'un paràmetre
Recursos humans
Panel analysis
Parameter estimation
Human capital
Issue Date: Aug-2016
Publisher: Routledge
Abstract: We revisit the cointegration relation among output, physical capital, human capital, public capital and labour for 17 Spanish regions observed over the period 1964-2011. Our approach is based on the estimation of a panel data model where cross-section dependence is allowed among the members of the panel. The paper emphasizes the idea that common factors capturing, for instance, total factor productivity, should be accounted for when estimating the parameters. We use several proposals to estimate the long-run relation among these variables, which render consistent and efficient estimates of the parameters.
Note: Versió postprint del document publicat a:
It is part of: Spatial Economic Analysis, 2016, vol. 11, num. 4, p. 365-391
Related resource:
ISSN: 1742-1772
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

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