Human Capital Externalities and Growth

Carolina Arteaga ()

Borradores de Economia from Banco de la Republica de Colombia

Abstract: This paper proposes a methodology to estimate externalities in human capital as a response to the evidence of a worldwide divergent development. We estimate supply and demand for human capital in a five-year panel for 60 countries in the period 1980-2000, and found that there are positive externalities in human capital accumulation close to one, implying increasing returns to scale and increasing marginal returns in human capital which eliminates the channel that enables generating conditional convergence.

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: 2010-12
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https://doi.org/10.32468/be.631 (application/pdf)

Related works:
Journal Article: Human Capital Externalities and Growth (2011)
Journal Article: Human Capital Externalities and Growth (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:631

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