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Human Capital Externalities and Growth

Author

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  • Carolina Arteaga Cabrales

Abstract

This paper provides evidence of positive externalities in human capital that help to explain divergences in development worldwide. We estimate the supply and demand for human capital using a five-year panel involving 60 countries, covering the period 1980-2000, and found that there exists positive externalities in human capital accumulation close to one. This translates into increasing returns to scale and increasing marginal returns in human capital.

Suggested Citation

  • Carolina Arteaga Cabrales, 2011. "Human Capital Externalities and Growth," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 29(66), pages 12-47.
    • Handle: RePEc:col:000107:010037
    DOI: 10.32468/Espe.6601
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    Cited by:

    1. María Aguilera Díaz & Yuri Reina Aranza & Antonio Orozco Gallo & Javier Yabrudy Vega & Rosemary Barcos Robles, 2017. "Evolución socioeconómica de la región Caribe colombiana entre 1997 y 2017," Documentos de Trabajo Sobre Economía Regional y Urbana 15738, Banco de la República, Economía Regional.
    2. Özdemir Onur, 2023. "A Spillover Effect of Human Capital on Gross Capital Formation: A Quantile Regression Approach," Zagreb International Review of Economics and Business, Sciendo, vol. 26(1), pages 77-96.
    3. Carlos Esteban Posada Posada, 2021. "Could the Colombian economy grow faster? How it would be possible?," Documentos de Trabajo de Valor Público 19683, Universidad EAFIT.

    More about this item

    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Y40 - Miscellaneous Categories - - Dissertations - - - Dissertations

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