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Capital humano local y productividad en las provincias espanolas

  • Esteban Sanroma Melendez
  • Raul Ramos Lobo

    (Universitat de Barcelona)

In the last decade, different studies have tried to contrast empirically the existence of a relationship between local human capital and the productivity of a given territory, and the possible presence of external economies. The most common result has been the finding of a positive relationship between both variables. However, there is no difference when trying to explain this result: a first group of authors remark the role of external economies associated to human capital, while a second group believes in the rellevance of complementary relationships among the different productive factors and, in particular, among human and physical capital. The main objective of this paper is to analyse the existence of a possible relationship between the stock of human capital in the Spanish provinces (NUTS-III) and their productivity, and next, find out if the channel of transmission is related to external economies. For this reason, a two-stage methodology is applied. In the first stage, a Mincer equation is estimated using information from the Encuesta de Presupuestos Familiares (Family Budget Survey) to obtain estimates of the average productivity of the Spanish provinces once the effect of individual human capital is controlled. In a second stage, the estimates of territorial productivity is introduced as the endogenous variable in a new equation where explanatory variables try to reflect the stock of human capital at every province. From this second regression, a positive relationship is found. However, the main conclusion of the paper is that this relationship cannot be explained by the impact of exogenous local human capital external economies, but by other demand factors.

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Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number 71.

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Length: 41 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:bar:bedcje:200171
Contact details of provider: Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.
Web page: http://www.ere.ub.es

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  1. Enrico Moretti, 2003. "Human Capital Externalities in Cities," NBER Working Papers 9641, National Bureau of Economic Research, Inc.
  2. Acemoglu, Daron, 1997. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," CEPR Discussion Papers 1707, C.E.P.R. Discussion Papers.
  3. Esteban Sanroma Melendez & Raul Ramos Lobo, 1999. "Regional structure of wages and external economies in Spain," Working Papers in Economics 51, Universitat de Barcelona. Espai de Recerca en Economia.
  4. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  5. Antonio Ciccone & Giovanni Peri & Douglas Almond, 1999. "Capital, wages and growth: Theory and evidence," Economics Working Papers 389, Department of Economics and Business, Universitat Pompeu Fabra, revised May 1999.
  6. Acemoglu, Daron, 1996. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation," The Quarterly Journal of Economics, MIT Press, vol. 111(3), pages 779-804, August.
  7. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571.
  8. Ramos, Raul & Sanroma, Esteban, 1999. "Local human capital and external economies: evidence for Spain," ERSA conference papers ersa99pa309, European Regional Science Association.
  9. James E. Rauch, 1991. "Productivity Gains From Geographic Concentration of human Capital: Evidence From the Cities," NBER Working Papers 3905, National Bureau of Economic Research, Inc.
  10. Giovanni Peri, . "Human Capital and Productivity in US Cities," Working Papers 138, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  11. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
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