Human Capital and Economic Growth in Spain, 1850-2000
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.Download Info
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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.Length:
Date of creation: Aug 2009
Date of revision:
Handle: RePEc:cte:whrepe:wp09-06
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Keywords: Human Capital; Growth; Labor Productivity; Total Factor;Other versions of this item:
- Prados de la Escosura, Leandro & Rosés, Joan R., 2010. "Human capital and economic growth in Spain, 1850-2000," Explorations in Economic History, Elsevier, vol. 47(4), pages 520-532, October.
- Prados de la Escosura, Leandro & Rosés, Joan R., . "Human Capital and Economic Growth in Spain, 1850-2000," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/5023, Universidad Carlos III de Madrid.
- Prados de la Escosura, Leandro & Rosés, Joan R., . "Human capital and economic growth in Spain, 1850–2000," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/11142, Universidad Carlos III de Madrid.
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- N33 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: Pre-1913
- N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-11 (All new papers)
- NEP-EFF-2009-09-11 (Efficiency & Productivity)
- NEP-FDG-2009-09-11 (Financial Development & Growth)
- NEP-HIS-2009-09-11 (Business, Economic & Financial History)
- NEP-HRM-2009-09-11 (Human Capital & Human Resource Management)
- NEP-LAB-2009-09-11 (Labour Economics)
- NEP-MAC-2009-09-11 (Macroeconomics)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Fernando Mendiola Gonzalo, 2011. "Forced Labour in Franco's Spain: Workforce Supply, Profits and Productivity," Working Papers 0004, European Historical Economics Society (EHES).
- 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.
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"Stabilization and growth under dictatorship: the experience of Franco's Spain,"
Working Papers in Economic History
wp10-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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- 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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