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Human Capital Externalities and Growth

Carolina Arteaga ()

Revista ESPE - Ensayos sobre Política Económica, 2011, vol. 29, issue 66, No 66, 12-47

Abstract: This paper provides evidence of positive externalities in human capital that help to explain divergences in development worldwide. We estimate the supply and demand for human capital using a five-year panel involving 60 countries, covering the period 1980-2000, and found that there exists positive externalities in human capital accumulation close to one. This translates into increasing returns to scale and increasing marginal returns in human capital.

Keywords: Economic growth; Human capital; externalities (search for similar items in EconPapers)
JEL-codes: J24 O11 O40 Y40 (search for similar items in EconPapers)
Date: 2011
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Journal Article: Human Capital Externalities and Growth (2011) Downloads
Working Paper: Human Capital Externalities and Growth (2010) Downloads
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