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Local human capital and productivity: An analysis for the Spanish regions

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  • Raúl Ramos

    ()
    (AQR; Universitat de Barcelona (UB))

  • Esteve Sanromà

    ()
    (Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB))

Abstract

In this paper, we examine the relationship between the stock of human capital and productivity in the Spanish regions (NUTS III), and assess whether the transmission channel involves external economies. The empirical evidence points to a positive relationship between the two variables, although it cannot be explained in terms of the impact of exogenous local human capital external economies, but rather in terms of other demand factors.

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Bibliographic Info

Paper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2006/1.

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Length: 31 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:ieb:wpaper:1211068art213

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Keywords: External economies; Human capital; Regional labour market; Wages;

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References

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  1. 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).
  2. Acemoglu, Daron, 2002. "Directed Technical Change," Review of Economic Studies, Wiley Blackwell, vol. 69(4), pages 781-809, October.
  3. Hipólito J. Simón & Raúl Ramos & Esteve Sanromà, 2005. "Collective bargaining and regional wage differences in Spain: An empirical analysis," Working Papers 2005/7, Institut d'Economia de Barcelona (IEB).
  4. Blanchflower, D. & Oswald, A., 1989. "The Wage Curve," Papers 340, London School of Economics - Centre for Labour Economics.
  5. Peter Nijkamp & Jacques Poot, 2002. "The Last Word on the Wage Curve?," Tinbergen Institute Discussion Papers 02-029/3, Tinbergen Institute, revised 13 Mar 2003.
  6. Acemoglu, D., 1997. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," Working papers 97-14, Massachusetts Institute of Technology (MIT), Department of Economics.
  7. Adsera, A., 1998. "Sectoral Spillovers and the Price of Land. A Cost Analysis," UFAE and IAE Working Papers 413.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  8. James E. Rauch, 1991. "Productivity Gains From Geographic Concentration of human Capital: Evidence From the Cities," NBER Working Papers 3905, National Bureau of Economic Research, Inc.
  9. Raul Ramos & Esteban Sanroma, 1998. "Regional structure of wages and external economies in Spain," ERSA conference papers ersa98p160, European Regional Science Association.
  10. Giovanni Peri, . "Human Capital and Productivity in US Cities," Working Papers 138, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  11. Christopher F Baum & Mark E. Schaffer & Steven Stillman, 2002. "Instrumental variables and GMM: Estimation and testing," North American Stata Users' Group Meetings 2003 05, Stata Users Group.
  12. Daron Acemoglu & Joshua Angrist, 2001. "How Large are Human-Capital Externalities? Evidence from Compulsory-Schooling Laws," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 9-74 National Bureau of Economic Research, Inc.
  13. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  14. Antonio Ciccone & Robert E. Hall, 1995. "Productivity and the density of economic activity," Economics Working Papers 120, Department of Economics and Business, Universitat Pompeu Fabra.
  15. Acemoglu, Daron, 1996. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation," The Quarterly Journal of Economics, MIT Press, vol. 111(3), pages 779-804, August.
  16. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-54, July.
  17. Marshall, Alfred, 1890. "The Principles of Economics," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number marshall1890.
  18. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571.
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Cited by:
  1. Pablo-Romero, M. del P. & Gómez-Calero, M. de la P., 2013. "A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth," Economic Modelling, Elsevier, vol. 32(C), pages 77-87.

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