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Education, Catch-up and Growth in Spain

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  • Manca, Fabio

    () (AQR-IREA, Universidad de Barcelona)

Abstract

The debate over the impact of education on economic growth has recentlyled to disagreement when, at the empirical level, the effect of average humancapital on economic growth has been found to be weak. With this paper we revisitthese results by arguing how different educational attainment levels (rather than theaverage human capital stock) impact heterogenously different regions’ economicperformance. We build and test a catch-up model where technology adoption takesplace as a function of each region’s human capital composition. We show for 50NUTS3 Spanish provinces in between 1965 and 1997, how convergence to thefrontier is driven by higher education and, to a lesser extent, by vocational training.Both theoretical and empirical results are alternative to the well known formalizationproposed by Vandenbussche, Aghion and Meghir (2006). Severe endogeneityissues, as well as small sample biases, are tackled by using system GMM estimatorsand the correction proposed by Windmeijer (2005).

Suggested Citation

  • Manca, Fabio, 2011. "Education, Catch-up and Growth in Spain," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 20, pages 5-28.
  • Handle: RePEc:ris:invreg:0040
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    References listed on IDEAS

    as
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    3. Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
    4. Benhabib, Jess & Spiegel, Mark M., 2005. "Human Capital and Technology Diffusion," Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 13, pages 935-966 Elsevier.
    5. Angel de la Fuente & Rafael Doménech, 2006. "Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?," Journal of the European Economic Association, MIT Press, vol. 4(1), pages 1-36, March.
    6. Daniel Cohen & Marcelo Soto, 2007. "Growth and human capital: good data, good results," Journal of Economic Growth, Springer, vol. 12(1), pages 51-76, March.
    7. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    8. López-Bazo, Enrique & Moreno, Rosina, 2008. "Does human capital stimulate investment in physical capital?: Evidence from a cost system framework," Economic Modelling, Elsevier, vol. 25(6), pages 1295-1305, November.
    9. Jérôme Vandenbussche & Philippe Aghion & Costas Meghir, 2006. "Growth, distance to frontier and composition of human capital," Journal of Economic Growth, Springer, vol. 11(2), pages 97-127, June.
    10. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    11. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
    12. Fabio Manca, 2009. "Appropriate IPRs, Human Capital Composition and Economic Growth," IREA Working Papers 200914, University of Barcelona, Research Institute of Applied Economics, revised Jun 2009.
    13. Mansfield, Edwin & Schwartz, Mark & Wagner, Samuel, 1981. "Imitation Costs and Patents: An Empirical Study," Economic Journal, Royal Economic Society, vol. 91(364), pages 907-918, December.
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    More about this item

    Keywords

    Human capital composition; regional growth; convergence; adoption;

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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