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Capital humano, estructura sectorial y crecimiento en las regiones españolas

  • Lorenzo Serrano-Martínez

    (Universitat de València)

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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Article provided by Fundación SEPI in its journal Investigaciones Economicas.

Volume (Year): 23 (1999)
Issue (Month): 2 (May)
Pages: 225-249

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Handle: RePEc:iec:inveco:v:23:y:1999:i:2:p:225-249
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  1. Lorenzo Serrano Martínez, 1995. "Indicadores De Capital Humano Y Productividad," Working Papers. Serie EC 1995-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  3. 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.
  4. 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).
  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. Griliches, Zvi, 1997. "Education, Human Capital, and Growth: A Personal Perspective," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages S330-44, January.
  7. 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).
  8. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1.
  9. 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.
  10. 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.
  11. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571.
  12. Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb..
  13. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  14. 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.
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