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Regional data on wages for the Spanish economy show that workers who live in developed regions earn more than workers in other regions. Literature on external economies provides a possible explanation of why firms do not move from these regions to others where wages are lower. Previous studies...
Persistent link: https://www.econbiz.de/10005022338
In the last decade, different studies have tried to contrast empirically the existence of a relationship between local human capital and the productivity of a given territory, and the possible presence of external economies. The most common result has been the finding of a positive relationship...
Persistent link: https://www.econbiz.de/10005022393
In this paper, we examine the relationship between the stock of human capital and productivity in the Spanish regions (NUTS III), and assess whether the transmission channel involves external economies. The empirical evidence points to a positive relationship between the two variables, although...
Persistent link: https://www.econbiz.de/10005772726
It is assumed that human capital external economies can increase factor productivity. However, as human capital is accumulated in an unequal way in the territory, productivity improvements will be different among territories. So, in the presence of labour mobility, wage differences will induce...
Persistent link: https://www.econbiz.de/10005772732
Persistent productivity gains to rural-urban migrants have been documented by a number of researchers. One interpretation of this result is that individuals learn higher value skills in cities than they would have learned in less dense areas. Another explanation for this result, however, is that...
Persistent link: https://www.econbiz.de/10005703768
whether human capital externalities arise from higher job matching efficiency in skilled regions. Using two samples of highly … raises wages on the incidence of job change by up to three percent, pointing to the importance of improved job matching … opportunities in human capital rich regions as a microeconomic source of human capital externalities. Evidence on regional …
Persistent link: https://www.econbiz.de/10005184993
whether human capital externalities arise from a higher job matching efficiency in skilled regions. Using two samples of …. Taken together, these findings suggest that human capital externalities partly arise because workers in skilled regions have …
Persistent link: https://www.econbiz.de/10008833863
Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median...
Persistent link: https://www.econbiz.de/10010840318
This paper shows that multiple and globally indeterminate long-run growth rates can easily arise in the two-sector growth model introduced by Lucas (1988). This result is generated by the existence of diminishing returns to time at the private level in human capital accumulation and the...
Persistent link: https://www.econbiz.de/10005688060
Lucas (1988) hypothesised that human capital externalities explain persistent productivity growth and become manifest …, measure of human capital and confirms the existence of human capital externalities within Australian economics departments …
Persistent link: https://www.econbiz.de/10010685795