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Does human capital stimulate investment in physical capital?: Evidence from a cost system framework

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dc.creator López-Bazo, Enrique
dc.creator Moreno Serrano, Rosina
dc.date 2011-04-07T11:17:31Z
dc.date 2011-04-07T11:17:31Z
dc.date 2008
dc.date.accessioned 2024-12-16T10:26:27Z
dc.date.available 2024-12-16T10:26:27Z
dc.identifier 0264-9993
dc.identifier http://hdl.handle.net/2445/17502
dc.identifier 563545
dc.identifier.uri http://fima-docencia.ub.edu:8080/xmlui/handle/123456789/21125
dc.description 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 23 p.
dc.format application/pdf
dc.language eng
dc.publisher Elsevier B.V.
dc.relation Versió postprint del document publicat a http://dx.doi.org/10.1016/j.econmod.2008.04.008
dc.relation Economic Modelling, 2008, vol. 25, núm. 6, p. 1295-1305
dc.relation http://dx.doi.org/10.1016/j.econmod.2008.04.008
dc.relation info:eu-repo/grantAgreement/EC/FP7/216813/EU//IAREG
dc.rights (c) Elsevier B.V., 2008
dc.rights info:eu-repo/semantics/openAccess
dc.source Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
dc.subject Creixement econòmic
dc.subject Recursos humans
dc.subject Capital
dc.subject Economic growth
dc.subject Human capital
dc.subject Capital
dc.title Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
dc.type info:eu-repo/semantics/article
dc.type info:eu-repo/semantics/acceptedVersion


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