Carregant...
Tipus de document
Document de treballData de publicació
Llicència de publicació
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/63559
Does human capital stimulate investment in physical capital? Evidence from a cost system framework (WP)
Títol de la revista
ISSN de la revista
Títol del volum
Resum
The direct effect of human capital on economic growth has been widely analysed in the economic literature. This paper, however, focuses on its indirect effect as a stimulus for private investment in physical capital. The methodological framework used is the duality theory, estimating a cost system aggregated with human capital. Empirical evidence is given for Spain for the period 1980-2000. 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.
Descripció
Matèries
Matèries (anglès)
Citació
Citació
LÓPEZ-BAZO, Enrique, MORENO SERRANO, Rosina. Does human capital stimulate investment in physical capital? Evidence from a cost system framework (WP). _IREA – Working Papers_. 2007. Vol. IR07/17. [consulta: 24 de novembre de 2025]. ISSN: 2014-1254. [Disponible a: https://hdl.handle.net/2445/63559]