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Human capital and economic growth in Spain, 1850–2000

Prados de la Escosura, Leandro and Roses, Joan R. (2010) Human capital and economic growth in Spain, 1850–2000. Explorations in Economic History, 47 (4). pp. 520-532. ISSN 0014-4983

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Identification Number: 10.1016/j.eeh.2010.02.002

Abstract

We investigate human capital accumulation in Spain using income- and education-based alternative approaches. We, then, assess human capital impact on labor productivity growth and discuss the implications of its alternative measures for TFP growth. Trends in human capital are similar with either measure but the skill-premium approach fits better Spanish historical experience. As education is a high income elastic good, human capital growth computed with the education-based approach seems upward biased for the recent past. Human capital provided a positive albeit small contribution to labor productivity growth facilitating technological innovation.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/00144...
Additional Information: © 2010 Elsevier
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Date Deposited: 19 Feb 2014 15:13
Last Modified: 20 May 2020 02:17
URI: http://eprints.lse.ac.uk/id/eprint/55756

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