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

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 a...

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Detalhes bibliográficos
Autores: López-Bazo, Enrique, Moreno Serrano, Rosina
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2008
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/17502
Acesso em linha:https://hdl.handle.net/2445/17502
Access Level:acceso abierto
Palavra-chave:Creixement econòmic
Recursos humans
Capital
Economic growth
Human capital
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spelling Does human capital stimulate investment in physical capital?: Evidence from a cost system frameworkLópez-Bazo, EnriqueMoreno Serrano, RosinaCreixement econòmicRecursos humansCapitalEconomic growthHuman capitalCapitalThe 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.Elsevier B.V.201120112008info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion23 p.application/pdfapplication/pdfhttps://hdl.handle.net/2445/17502Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a http://dx.doi.org/10.1016/j.econmod.2008.04.008Economic Modelling, 2008, vol. 25, núm. 6, p. 1295-1305http://dx.doi.org/10.1016/j.econmod.2008.04.008info:eu-repo/grantAgreement/EC/FP7/216813(c) Elsevier B.V., 2008info:eu-repo/semantics/openAccessoai:recercat.cat:2445/175022026-05-29T05:05:01Z
dc.title.none.fl_str_mv Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
title Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
spellingShingle Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
López-Bazo, Enrique
Creixement econòmic
Recursos humans
Capital
Economic growth
Human capital
Capital
title_short Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
title_full Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
title_fullStr Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
title_full_unstemmed Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
title_sort Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
dc.creator.none.fl_str_mv López-Bazo, Enrique
Moreno Serrano, Rosina
author López-Bazo, Enrique
author_facet López-Bazo, Enrique
Moreno Serrano, Rosina
author_role author
author2 Moreno Serrano, Rosina
author2_role author
dc.subject.none.fl_str_mv Creixement econòmic
Recursos humans
Capital
Economic growth
Human capital
Capital
topic Creixement econòmic
Recursos humans
Capital
Economic growth
Human capital
Capital
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.
publishDate 2008
dc.date.none.fl_str_mv 2008
2011
2011
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/17502
url https://hdl.handle.net/2445/17502
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a http://dx.doi.org/10.1016/j.econmod.2008.04.008
Economic Modelling, 2008, vol. 25, núm. 6, p. 1295-1305
http://dx.doi.org/10.1016/j.econmod.2008.04.008
info:eu-repo/grantAgreement/EC/FP7/216813
dc.rights.none.fl_str_mv (c) Elsevier B.V., 2008
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Elsevier B.V., 2008
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 23 p.
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier B.V.
publisher.none.fl_str_mv Elsevier B.V.
dc.source.none.fl_str_mv Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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