A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth

Maria Pablo-Romero () and M. de la P. Gómez-Calero

Economic Modelling, 2013, vol. 32, issue C, 77-87

Abstract: 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 complementarity 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.

Keywords: Translog function; Complementarity between factors; Human capital; Private physical capital (search for similar items in EconPapers)
JEL-codes: C23 O40 R11 R53 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999313000436
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:32:y:2013:i:c:p:77-87

DOI: 10.1016/j.econmod.2013.01.040

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().