Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/62332
Title: Regional variability in the impact of human capital on regional growth
Author: López-Bazo, Enrique
Moreno Serrano, Rosina
Keywords: Recursos humans
Productivitat
Control de costos
Inversions
Human capital
Productivity
Cost control
Investments
Issue Date: 2008
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Abstract: The first objective of this study is to furnish new evidence concerning the aggregate profitability of the accumulation of human capital. In addition to the traditional measure of the return to human capital, combining the information on its shadow price with the social cost of providing education allows us to confirm the profitability of human capital investments as a tool for promoting economic growth. The possibility of obtaining estimations of these effects for each Spanish region enables us to empirically evaluate the amount of heterogeneity across economies in the effects of human capital. As a second objective, we provide evidence on the indirect effect of human capital in making private capital investment more attractive. Among the main explanations for this process, we observe that higher worker skill levels enable higher returns to be extracted from investment in physical capital.
Note: Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2008/200817.pdf
It is part of: IREA – Working Papers, 2008, IR08/017
URI: http://hdl.handle.net/2445/62332
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

Files in This Item:
File Description SizeFormat 
IR08-017_LopezBazo-Moreno.pdf369.59 kBAdobe PDFView/Open


This item is licensed under a Creative Commons License Creative Commons