Human Capital Externalities and Growth

This paper provides evidence of positive externalities in human capital that help to explain divergences in development worldwide. We estimate the supply and demand for human capital using a five-year panel involving 60 countries, covering the period 1980-2000, and found that there exists positive externalities in human capital accumulation close to one. This translates into increasing returns to scale and increasing marginal returns in human capital.

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Year of publication:	2011
Authors:	Cabrales, Carolina Arteaga
Published in:	ENSAYOS SOBRE POLÍTICA ECONÓMICA. - BANCO DE LA REPÚBLICA - ESPE. - 2011
Publisher:	BANCO DE LA REPÚBLICA - ESPE
Subject:	Economic growth \| human capital \| externalities

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Type of publication:	Article
Classification:	J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O11 - Macroeconomic Analyses of Economic Development ; O40 - Economic Growth and Aggregate Productivity. General ; Y40 - Dissertations (unclassified)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010828144