The technological capital as production factor in Spanish regions, 1980-2000
AbstractIn this work we construct a database of regional technological capital, with the maximun disaggregation compatible with Official Regional Accounts of Spain. In addition, we analyze the goodness of these series and their performance in the estimation of regional aggregate production functions. In the estimations both own technological capital and external capital are included. The results show reasonable estimated values of the output elasticities, which imply rates of return to technological capital much higher that to other types of capital.
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Bibliographic InfoArticle provided by Asociación Española de Ciencia Regional in its journal Investigaciones Regionales.
Volume (Year): (2007)
Issue (Month): 10 ()
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I+D; stock of capital; productivity; regions;
Find related papers by JEL classification:
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