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Human Capital and Economic Growth in Spain, 1850-2000

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  • Leandro Prados de la Escosura

    ()

  • Joan R. Roses

    ()

Abstract

We investigate human capital accumulation in Spain using alternative approaches based on the concept of ‘labor quality’ and on the idea of education. We, then, assess the effect of human capital accumulation on labor productivity growth and discuss the implications of the different measures for TFP growth. While long-run trends in human capital are similar with either measure, the skill premium approach fits better Spanish historical experience. Human capital provided a positive albeit small contribution to labor productivity growth facilitating technological innovation. Broad capital accumulation and efficiency gains appear complementary in Spain’s long-term growth.

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Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp09-06.

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Date of creation: Aug 2009
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Handle: RePEc:cte:whrepe:wp09-06

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Keywords: Human Capital; Growth; Labor Productivity; Total Factor;

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Citations

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Cited by:
  1. Fernando Mendiola Gonzalo, 2011. "Forced Labour in Franco's Spain: Workforce Supply, Profits and Productivity," Working Papers, European Historical Economics Society (EHES) 0004, European Historical Economics Society (EHES).
  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, Universidad Carlos III, Departamento de Historia Económica e Instituciones wp11-01, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  3. 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, CERE - the Center for Environmental and Resource Economics 2014:1, CERE - the Center for Environmental and Resource Economics.
  4. 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, University of Stirling, Division of Economics 2012-05, University of Stirling, Division of Economics.
  5. 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), Association Française de Cliométrie (AFC), vol. 6(3), pages 267-306, October.

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