Estimating Human Capital Externalities:The Case of Spanish Regions
AbstractWe estimate the strength of schooling externalities for Spanish regions over the 1981-2001 period. Our empirical work employs both main approaches available in the literature. Both methodologies yield significant externalities. Using a growth accounting exercise, we find that human capital externalities account for one half of the increase in real wages for the period between 1981 and 2001.
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Bibliographic InfoPaper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 09.17.
Length: 27 pages
Date of creation: Dec 2009
Date of revision:
externalities; human capital; constant composition.;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-10 (All new papers)
- NEP-FDG-2010-01-10 (Financial Development & Growth)
- NEP-GEO-2010-01-10 (Economic Geography)
- NEP-HRM-2010-01-10 (Human Capital & Human Resource Management)
- NEP-LAB-2010-01-10 (Labour Economics)
- NEP-URE-2010-01-10 (Urban & Real Estate Economics)
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