The technological capital as production factor in Spanish regions, 1980-2000

Francisco Javier Escribá and M.ª José Murgui ()
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Francisco Javier Escribá: Universidad de Valencia
M.ª José Murgui: Universidad de Valencia

INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, 2007, issue 10, 33-52

Abstract: In this work we construct a database of regional technological capital, with the maximun disaggregation compatible with Official Regional Accounts of Spain. In addition, we analyze the goodness of these series and their performance in the estimation of regional aggregate production functions. In the estimations both own technological capital and external capital are included. The results show reasonable estimated values of the output elasticities, which imply rates of return to technological capital much higher that to other types of capital.

Keywords: I+D; stock of capital; productivity; regions (search for similar items in EconPapers)
JEL-codes: E22 L60 O30 R30 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ris:invreg:0133

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