dc.contributor.author |
Raurich, Xavier |
dc.contributor.author |
Sala Lorda, Hèctor |
dc.contributor.author |
Sorolla, Valeri |
dc.contributor.author |
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada |
dc.date |
2006 |
dc.identifier |
https://ddd.uab.cat/record/44342 |
dc.identifier |
urn:oai:ddd.uab.cat:44342 |
dc.format |
application/pdf |
dc.language |
eng |
dc.publisher |
|
dc.relation |
Departament d'Economia Aplicada. Documents de treball ; |
dc.rights |
open access |
dc.rights |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús |
dc.rights |
https://creativecommons.org/licenses/by-nc-nd/2.5/ |
dc.subject |
Capital |
dc.subject |
Treball Espanya |
dc.title |
Employment and public capital in spain |
dc.type |
Working paper |
dc.description.abstract |
This paper analyses the e¤ects on employment of increasing the stock of public capital. To this end, we derive a wage equation so that wages are endogenized. This allows us to show that, by means of a higher elasticity of labour demand with respect to wages, a rise in public capital increases employment. The estimation of a structural model for the Spanish private sector tests and con…rms empirically this relationship. The results show that an increase in public capital has a significant and positive direct influence on employment, and indirect e¤ects derived from lower wages and higher economic growth. Finally, we undertake a simulation exercise to assess the long run efects on employment and economic growth of increasing public capital. |