Human Development European City Index: Methodology And Results

Víctor Raúl López Ruiz (), Domingo Nevado Peńa (), José Luis Alfaro Navarro () and Adriana Grigorescu ()
Additional contact information
Víctor Raúl López Ruiz: Department of Applied Economy – Econometrics, University of Castilla La Mancha – UCLM, Spain
Domingo Nevado Peńa: Department of Financial Economics and Accounting, UCLM, Spain.
José Luis Alfaro Navarro: Faculty of Economic and Business Sciences, UCLM.

Journal for Economic Forecasting, 2014, issue 3, 72-87

Abstract: Knowledge externalities are considered by the Intellectual Capital Outlook as generator of long-term wealth. In this scenario, human capital has a key role in the local development. In this paper, we propose a novel methodology to determine the human development capacities of knowledge cities supported by a composite index of intangible factors of human resources. In this sense, we estimated a human capital index that covers two resources (individual and social conditions) and seven dimensions with 31 indicators from the urban audit database. We built a European cities ranking to 158 cities from 24 countries. The results show the growth of a new 4gap of divergence. Cities are competing for the attraction of wealth in a divergent scenario, in which human capital is the component that opens the diverging gap between them

Keywords: human capital; index; development; cities; ranking (search for similar items in EconPapers)
JEL-codes: F02 J24 O3 O57 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.ipe.ro/rjef/rjef3_14/rjef3_2014p72-87.pdf

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:rjr:romjef:v::y:2014:i:3:p:72-87

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).