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Capital humano, estructura sectorial y crecimiento en las regiones españolas

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  • Lorenzo Serrano-Martínez

    (Universitat de València)

Abstract

This paper analyzes Spanish economic growth and the effect of interaction between human capital accumulation and sectoral structure. Data show significant differences in sectoral human capital stocks per worker for the period 1965-95. When tested, the effect of human capital, both as an input and as a determinant of total factor productivity (TFP) growth, varies greatly. In manufacturing, construction and services, we find a positive and significant effect, but in agriculture and energy the rise in workers¿ schooling levels seem to be just a problem of overeducation. Finally, human capital accumulation has made the transformation of the Spanish economy towards the most dynamic and productive sectors easier, promoting the aggregate TFP. Este trabajo analiza el crecimiento económico español con especial énfasis en la interacción entre acumulación de capital humano y dinámica sectorial. Se distinguen cinco sectores productivos para los que se constata la existencia de significativas diferencias en las dotaciones educativas a lo largo del periodo 1964-1995. Por otra parte, al analizar empíricamente el crecimiento regional, la influencia del capital humano en estos sectores, bien directamente como factor productivo, bien como determinante del crecimiento de la productividad total de los factores, varía considerablemente. En los sectores secundarios y terciarios la acumulación de capital humano parece haber impulsado el crecimiento, mientras que en los primarios la mejora de los niveles educativos parece constituir un simple fenómeno de sobrecualificación. Finalmente, la creciente formación de los ocupados parece haber facilitado la transformación del aparato productivo hacia los sectores más dinámicos y productivos aumentando de este modo la productividad total de los factores agregada.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Article provided by Fundación SEPI in its journal Investigaciones Economicas.

Volume (Year): 23 (1999)
Issue (Month): 2 (May)
Pages: 225-249

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Handle: RePEc:iec:inveco:v:23:y:1999:i:2:p:225-249

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References

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  1. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1.
  2. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  3. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  4. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  5. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571.
  6. Richard R. Nelson & Edmond S. Phelps, 1965. "Investment in Humans, Technological Diffusion and Economic Growth," Cowles Foundation Discussion Papers 189, Cowles Foundation for Research in Economics, Yale University.
  7. Zvi Griliches, 1996. "Education, Human Capital, and Growth: A Personal Perspective," NBER Working Papers 5426, National Bureau of Economic Research, Inc.
  8. Lorenzo Serrano Martínez, 1998. "Capital Humano, Estructura Sectorial Y Crecimiento En Las Regiones Españolas," Working Papers. Serie EC 1998-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  9. Lorenzo Serrano Martínez, 1995. "Indicadores De Capital Humano Y Productividad," Working Papers. Serie EC 1995-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  10. Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb..
  11. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  12. Ezequiel Uriel Jiménez & Francisco Pérez García & Matilde Mas Ivars & Joaquín Maudos Villarroya, 1993. "Capital Público Y Productividad De La Economía Espanola," Working Papers. Serie EC 1993-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  13. Barro, Robert J. & Lee, Jong-Wha, 1994. "Sources of economic growth," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 1-46, June.
  14. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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Citations

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Cited by:
  1. Ramón María-Dolores; & Mari Carmen Puigcerver, . "An Empirical Study of Growth in Spanis Regions: is it Exogenous?," Studies on the Spanish Economy 144, FEDEA.
  2. Esteban Sanroma & Raul Ramos, 2007. "Local Human Capital and Productivity: An Analysis for the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 41(3), pages 349-359.
  3. Roberto Leon-Gonzalez & Daniel Montolio, 2004. "Growth, convergence and public investment. A Bayesian model averaging approach," Applied Economics, Taylor & Francis Journals, vol. 36(17), pages 1925-1936.
  4. Juan Monterrey & Amparo Sánchez-Segura, 2006. "Las características socioeconómicas como incentivos para la información financiera: evidencia empírica española," Investigaciones Economicas, Fundación SEPI, vol. 30(3), pages 611-634, September.
  5. Pérez, Francisco & Serrano, Lorenzo, 2000. "Capital humano y patrón de crecimiento sectorial y territorial: España (1964-1998)
    [Human Capital and Sectorial and Territorial Growth Patterns: Spain (1964-1998)]
    ," MPRA Paper 17582, University Library of Munich, Germany.
  6. Leone Leonida & Daniel Montolio, 2004. "On the determinants of convergence and divergence processes in Spain," Investigaciones Economicas, Fundación SEPI, vol. 28(1), pages 89-121, January.
  7. Lorenzo Serrano-Martínez, 1999. "Capital humano, estructura sectorial y crecimiento en las regiones españolas," Investigaciones Economicas, Fundación SEPI, vol. 23(2), pages 225-249, May.
  8. José Manuel González-Páramo & Diego Martínez López, . "Public Investment and Convergence in the Spanish Regions," Studies on the Spanish Economy 112, FEDEA.
  9. A. Di Liberto, 2004. "Convergence clubs and the role of human capital in Spanish Regional Growth," Working Paper CRENoS 200418, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

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