Estimating Human Capital Externalities:The Case of Spanish Regions

Manuel Hidalgo and Walter Garcia-Fontes

No 09.17, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: We estimate the strength of schooling externalities for Spanish regions over the 1981-2001 period. Our empirical work employs both main approaches available in the literature. Both methodologies yield significant externalities. Using a growth accounting exercise, we find that human capital externalities account for one half of the increase in real wages for the period between 1981 and 2001.

Keywords: externalities; human capital; constant composition. (search for similar items in EconPapers)
JEL-codes: I21 J31 O47 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2009-12
New Economics Papers: this item is included in nep-fdg, nep-geo, nep-hrm, nep-lab and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:09.17

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