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The impact of investment in human capital on economic development: An empirical exercise based on height and years of schooling in Spain (1881-1998)

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Abstract

Throughout the 19th century and until the mid-20th century, in terms of long-term investment in human capital and, above all, in education, Spain lagged far behind the international standards and, more specifically, the levels attained by its neighbours in Europe. In 1900, only 55% of the population could read; in 1950, this figure was 93%. This paper provides evidence that these conditions contributed to a pattern of slower economic growth in which the physical strength required for agricultural work, measured here through height, had a larger impact than education on economic growth. It was not until the 1970s, with the arrival of democracy, that the Spanish education system was modernized and the influence of education on economic growth increased.

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  • Enriqueta Camps, 2016. "The impact of investment in human capital on economic development: An empirical exercise based on height and years of schooling in Spain (1881-1998)," Economics Working Papers 1514, Department of Economics and Business, Universitat Pompeu Fabra.
  • Handle: RePEc:upf:upfgen:1514
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    References listed on IDEAS

    as
    1. Ben R. Craig & William E. Jackson & James B. Thomson, 2004. "On SBA-guaranteed lending and economic growth," Working Papers (Old Series) 0403, Federal Reserve Bank of Cleveland.
    2. Miguel-Angel Martín & Agustín Herranz, 2004. "Human capital and economic growth in Spanish regions," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(4), pages 257-264, November.
    3. repec:kap:iaecre:v:10:y:2004:i:4:p:257-264 is not listed on IDEAS
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    More about this item

    Keywords

    employment structure; human capital; educational offer; economic growth.;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I1 - Health, Education, and Welfare - - Health
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J8 - Labor and Demographic Economics - - Labor Standards
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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