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A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth

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  • Pablo-Romero, M. del P.
  • Gómez-Calero, M. de la P.

Abstract

A translog production function and an extended translog production function with third-order terms are estimated for the 50 Spanish provinces in the period 1985–2006. The results show the existence of complementarity relationships between private physical and human capital. Likewise, they show the existence of decreasing returns of private physical and human capital. However, the direction of the decreasing returns of private physical capital is reversed for a high endowment level of this factor. These results suggest the importance of capitalizing the Spanish economy, since it would increase the effect of human capital upon productivity and may also generate positive externalities.

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Bibliographic Info

Article provided by Elsevier in its journal Economic Modelling.

Volume (Year): 32 (2013)
Issue (Month): C ()
Pages: 77-87

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Handle: RePEc:eee:ecmode:v:32:y:2013:i:c:p:77-87

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Web page: http://www.elsevier.com/locate/inca/30411

Related research

Keywords: Translog function; Complementarity between factors; Human capital; Private physical capital;

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Cited by:
  1. Benos, Nikos & Karagiannis, Stelios, 2013. "Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece," MPRA Paper 53326, University Library of Munich, Germany.

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