Has human capital accounted for regional economic growth in Italy? A panel analysis on the 1980-2001 period
AbstractSince Solow’s (1957) contribution, human capital entered in the debate on economic growth as a leading long period development factor. If from a theoretical point of view the role of human capital on economic growth both directly or throughout its use in the R&D activities is fully accepted, from an empirical perspective the results are much more controversial, strictly depending on the quality of data. A recent analysis by Aghion and Cohen (2004) put in evidence that high-level human capital has a positive effect on economic performance only if a country is close to the technological frontier: countries that are far from this frontier, specialised in traditional sectors, can growth, almost in the short run, even exploiting medium-level human capital. This analysis induce at looking at the link between human capital and growth with a greater detail, trying to disclose the effect of different human capital levels in a country, such as Italy, traditionally oriented toward a low/medium technology production. Using, beyond the usual proxies of human capital, some measures of its quality and of its interrelation with R&S sector, we would like to give a new contribution to the analysis of regional growth in Italy in the period 1980-2001. The panel approach, here used, allows us to take account of the temporal variability and to check for omitted variable specific for regions and persistent over time.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa05p251.
Date of creation: Aug 2005
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Other versions of this item:
- Eliana Baici & Giorgia Casalone, 2005. "Has human capital accounted for regional economic growth in italy? a panel analysis on the 1980-2001 period," Working Papers 101, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-02-05 (All new papers)
- NEP-GEO-2006-02-05 (Economic Geography)
- NEP-HRM-2006-02-05 (Human Capital & Human Resource Management)
- NEP-MAC-2006-02-05 (Macroeconomics)
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