Profitability of Investments in Education: Evidence from Spanish Regions

Enrique L�pez-Bazo and Rosina Moreno ()
Authors registered in the RePEc Author Service: Enrique Lopez-Bazo

Regional Studies, 2012, vol. 46, issue 10, 1333-1346

Abstract: L�pez-Bazo E. and Moreno R. Profitability of investments in education: evidence from Spanish regions, Regional Studies . The objective of this paper is to furnish new evidence concerning the aggregate profitability of the accumulation of educational human capital. In addition to the traditional measure of the return to human capital, combining the information on its shadow price with the social cost of providing education allows one to confirm the profitability of investments in education as a tool for promoting economic growth. The possibility of obtaining estimations of these effects for each Spanish region enables one to evaluate empirically the amount of heterogeneity across regions in the effects of human capital.

Date: 2012
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DOI: 10.1080/00343404.2010.543893

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