Human capital and economic growth in Spain, 1850–2000

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 mea...

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Bibliographic Details
Published inExplorations in economic history Vol. 47; no. 4; pp. 520 - 532
Main Authors Prados de la Escosura, Leandro, Rosés, Joan R.
Format Journal Article
LanguageEnglish
Published Madison Elsevier Inc 01.10.2010
Elsevier
Elsevier BV
SeriesExplorations in Economic History
Subjects
Economic development
Economic growth
Economic history
Education
Growth
Human capital
Human capital Growth Labor productivity Total factor productivity Spain
Income elasticity
Labor productivity
Labour productivity
Productivity
Skills
Spain
Technological change
Total factor productivity
Spain
Total factor productivity
Human capital
Labor productivity
Growth
Spain
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0014-4983
1090-2457
DOI:10.1016/j.eeh.2010.02.002