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Human capital and economic growth in Spain, 1850-2000

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  • Prados de la Escosura, Leandro
  • Rosés, Joan R.

Abstract

We investigate human capital accumulation in Spain using income- and education-based alternative approaches. We, then, assess human capital impact on labor productivity growth and discuss the implications of its alternative measures for TFP growth. Trends in human capital are similar with either measure but the skill-premium approach fits better Spanish historical experience. As education is a high income elastic good, human capital growth computed with the education-based approach seems upward biased for the recent past. Human capital provided a positive albeit small contribution to labor productivity growth facilitating technological innovation.

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Bibliographic Info

Article provided by Elsevier in its journal Explorations in Economic History.

Volume (Year): 47 (2010)
Issue (Month): 4 (October)
Pages: 520-532

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Handle: RePEc:eee:exehis:v:47:y:2010:i:4:p:520-532

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Web page: http://www.elsevier.com/locate/inca/622830

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Keywords: Human capital Growth Labor productivity Total factor productivity Spain;

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Citations

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Cited by:
  1. Lindmark, Magnus & Andersson, Lars Fredrik, 2014. "Where Was the Wealth of the Nation? Measuring Swedish Capital for the 19th and 20th Centuries," CERE Working Papers 2014:1, CERE - the Center for Environmental and Resource Economics.
  2. Juan Carmona Pidal & Joan R. Rosés, 2011. "Was land reform necessary? Access to land in Spain, 1860 to 1931," Working Papers in Economic History wp11-01, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  3. Fernando Mendiola Gonzalo, 2011. "Forced Labour in Franco's Spain: Workforce Supply, Profits and Productivity," Working Papers 0004, European Historical Economics Society (EHES).
  4. Emanuele Felice, 2012. "Regional convergence in Italy, 1891–2001: testing human and social capital," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 6(3), pages 267-306, October.
  5. Greasley, David & Hanley, Nicholas & McLaughlin, Eoin & Oxley, Les & Warde, Paul, 2012. "Testing for long-run "sustainability": Genuine Savings estimates for B ritain, 1760-2000," Stirling Economics Discussion Papers 2012-05, University of Stirling, Division of Economics.

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