A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth
A translog production function and an extended translog production function with third-order terms are estimated for the 50 Spanish provinces in the period 1985–2006. The results show the existence of comple- mentarity relationships between private physical and human capital. Likewise, they show the...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2013 |
| País: | España |
| Institución: | Universidad de Sevilla (US) |
| Repositorio: | idUS. Depósito de Investigación de la Universidad de Sevilla |
| OAI Identifier: | oai:idus.us.es:11441/152201 |
| Acceso en línea: | https://hdl.handle.net/11441/152201 https://doi.org/10.1016/j.econmod.2013.01.040 |
| Access Level: | acceso abierto |
| Palabra clave: | Translog function Complementarity between factors Human capital Private physical capital |
| Sumario: | A translog production function and an extended translog production function with third-order terms are estimated for the 50 Spanish provinces in the period 1985–2006. The results show the existence of comple- mentarity relationships between private physical and human capital. Likewise, they show the existence of decreasing returns of private physical and human capital. However, the direction of the decreasing returns of private physical capital is reversed for a high endowment level of this factor. These results suggest the importance of capitalizing the Spanish economy, since it would increase the effect of human capital upon productivity and may also generate positive externalities. |
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