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- Capital Humano Y Convergencia Regional

Author

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  • Lorenzo Serrano Martínez

    (Universitat de València)

Abstract

This paper analyzes the relationship between human capital and convergence with a model that takes into account the different effects of human capital accumulation on regional convergence. As an input, human capital produces convergence due to both decreasing returns and public intervention on education. As a determining factor of Total Factor Productivity (TFP) growth, it generates divergence when there exist regional differences in human capital stocks. The empirical analysis show that, over 1964-93 period, human capital has been an important sourceof regional net divergence in Spain. Consequently, the convergence rate has been relatively small. The results indicate the potential role of educational policy in order to achieve a spatially equilibrated growth. Este trabajo revisa la relación entre capital humano y convergencia a través de un modelo que permite analizar los diversos efectos de la acumulación de capital humano sobre la convergencia regional. Como input productivo, el capital humano genera convergencia entre las regiones debido tanto a la existencia de rendimientos decrecientes como a la intervención pública en materia educativa. Como determinante del crecimiento de la productividad total de los factores, genera divergencia si existen diferencias regionales en las dotaciones de este factor. El análisis empírico muestra que a lo largo del periodo 1964-1993 el capital humano ha sido una importante fuente neta de divergencia regional en España haciendo que la velocidad de convergencia registrada haya sido relativamente modesta. Los resultados apuntan al papel que la política educativa puede desempeñar como instrumento para lograr un crecimiento espacialmente equilibrado.

Suggested Citation

  • Lorenzo Serrano Martínez, 1998. "- Capital Humano Y Convergencia Regional," Working Papers. Serie EC 1998-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:1998-12
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    File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-1998-12.pdf
    File Function: Fisrt version / Primera version, 1998
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    References listed on IDEAS

    as
    1. Griliches, Zvi, 1997. "Education, Human Capital, and Growth: A Personal Perspective," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages 330-344, January.
    2. Lorenzo Serrano Martínez, 1995. "Indicadores De Capital Humano Y Productividad," Working Papers. Serie EC 1995-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    3. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," Review of Economic Studies, Oxford University Press, vol. 34(3), pages 249-283.
    4. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    6. 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.
    7. 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.
    8. Lorenzo Serrano-Martínez, 1999. "Capital humano, estructura sectorial y crecimiento en las regiones españolas," Investigaciones Economicas, Fundación SEPI, vol. 23(2), pages 225-249, May.
    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. 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).
    11. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    12. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1-1.
    13. Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb..
    14. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571-571.
    15. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Álvarez, Inmaculada & Barbero, Javier, 2013. "Knowledge Spillovers in Neoclassical Growth Model: an extension with Public Sector," Working Papers in Economic Theory 2013/07, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    2. Ignacio J. Carnicero, 2001. "Comercio y convergencia regional: un análisis sectorial del caso español," Investigaciones Economicas, Fundación SEPI, vol. 25(3), pages 603-624, September.
    3. Joaquin Maudos & Jose Pastor & Lorenzo Serrano, 2000. "Efficiency and Productive Specialization: An Application to the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 34(9), pages 829-842.

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