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Capital Humano, Estructura Sectorial Y Crecimiento En Las Regiones Españolas

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  • Lorenzo Serrano Martínez

    (Instituto Valenciano de Investigaciones Económicas)

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.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-1998-04.pdf
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 1998-04.

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Length: 34 pages
Date of creation: Jan 1998
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:1998-04

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Keywords: crecimiento; capital humano; regional growth; human capital; regional;

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References

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  1. Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb..
  2. Lorenzo Serrano Martínez, 1995. "Indicadores De Capital Humano Y Productividad," Working Papers. Serie EC 1995-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1.
  4. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
  5. Barro, Robert J, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 407-43, May.
  6. 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).
  7. Zvi Griliches, 1996. "Education, Human Capital, and Growth: A Personal Perspective," NBER Working Papers 5426, National Bureau of Economic Research, Inc.
  8. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  9. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  10. 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.
  11. 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.
  12. 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.
  13. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571.
  14. 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.
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Citations

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Cited by:
  1. Raul Ramos & Esteban Sanromá, 2001. "Local human capital and productivity: an analysis for the Spanish regions," ERSA conference papers ersa01p139, European Regional Science Association.
  2. José Manuel González-Páramo & Diego Martínez López, . "Public Investment and Convergence in the Spanish Regions," Studies on the Spanish Economy 112, FEDEA.
  3. 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.
  4. Roberto Leon Gonzalez & Daniel Montolio Estivill, 2003. "Growth, Convergence and Public Investment. A Bayesian Model Averaging Approach," Working Papers in Economics 106, Universitat de Barcelona. Espai de Recerca en Economia.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. Ramón María-Dolores; & Mari Carmen Puigcerver, . "An Empirical Study of Growth in Spanis Regions: is it Exogenous?," Studies on the Spanish Economy 144, FEDEA.

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