dc.contributor.author
López-Bazo, Enrique
dc.contributor.author
Moreno Serrano, Rosina
dc.date.issued
2015-03-03T13:47:30Z
dc.date.issued
2015-03-03T13:47:30Z
dc.date.issued
2015-03-03T13:47:30Z
dc.identifier
https://hdl.handle.net/2445/63559
dc.description.abstract
The direct effect of human capital on economic growth has been widely analysed in the economic literature. This paper, however, focuses on its indirect effect as a stimulus for private investment in physical capital. The methodological framework used is the duality theory, estimating a cost system aggregated with human capital. Empirical evidence is given for Spain for the period 1980-2000. We provide evidence on the indirect effect of human capital in making private capital investment more attractive. Among the main explanations for this process, we observe that higher worker skill levels enable higher returns to be extracted from investment in physical capital.
dc.format
application/pdf
dc.format
application/pdf
dc.publisher
Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
dc.relation
IREA – Working Papers, 2007, IR07/17
dc.relation
[WP E-IR07/17]
dc.rights
cc-by-nc-nd, (c) López-Bazo et al., 2007
dc.rights
http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights
info:eu-repo/semantics/openAccess
dc.source
Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
dc.subject
Creixement econòmic
dc.subject
Recursos humans
dc.subject
Economic growth
dc.title
Does human capital stimulate investment in physical capital? Evidence from a cost system framework (WP)
dc.type
info:eu-repo/semantics/workingPaper
