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Profitability of Investments in Education: Evidence from Spanish Regions

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  • Enrique L�pez-Bazo
  • Rosina Moreno

Abstract

L�pez-Bazo E. and Moreno R. Profitability of investments in education: evidence from Spanish regions, Regional Studies . The objective of this paper is to furnish new evidence concerning the aggregate profitability of the accumulation of educational human capital. In addition to the traditional measure of the return to human capital, combining the information on its shadow price with the social cost of providing education allows one to confirm the profitability of investments in education as a tool for promoting economic growth. The possibility of obtaining estimations of these effects for each Spanish region enables one to evaluate empirically the amount of heterogeneity across regions in the effects of human capital.

Suggested Citation

  • Enrique L�pez-Bazo & Rosina Moreno, 2012. "Profitability of Investments in Education: Evidence from Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 46(10), pages 1333-1346, November.
    • Handle: RePEc:taf:regstd:v:46:y:2012:i:10:p:1333-1346
    DOI: 10.1080/00343404.2010.543893
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    1. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, January.
    2. Paul Cheshire & Stefano Magrini, 2000. "Endogenous Processes in European Regional Growth: Convergence and Policy," Growth and Change, Wiley Blackwell, vol. 31(4), pages 455-479.
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    1. Xiao Dai & Liang Yan & Liu Jianping & JianWu, 2022. "A research on the threshold effect of human capital structure upgrading and industrial structure upgrading—based on the perspective of path dependence," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2645-2674, August.

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