This paper provides novel empirical evidence of the indirect effect of educational attainment on regional economic growth, through its influence on the profitability of investment in physical capital. We test the hypothesis that the regional heterogeneity of the return to physical capital can be...

This paper investigates the extent to which the gap in total factor productivity between small and large firms is due to differences in the endowment of factors determining productivity and to the returns associated with these factors. We place particular emphasis on the contribution of...

Empirical evidence is compelling that large firms are more productive than small firms. The hypothesis in this paper is that the productivity differences between small and large firms are associated with two of the main determinants of a firm’s performance: the human and technological capital...

The direct effect of human capital on economic growth has been widely analysed in the economic literature. This paper, however, focuses on its indirect effect as a stimulus for private investment in physical capital. The methodological framework used is the duality theory, estimating a cost...

Lopez-Bazo E., Del Barrio T. and Artis M. (2005) Geographical distribution of unemployment in Spain, Regional Studies 39 , 305-318. This paper estimates the external shape of the regional distribution of unemployment rates and it studies intradistribution dynamics to analyse the extent of...

This study assesses the effectiveness of private and public capital investments in the performance of manufactures within the framework of the duality theory. The response of costs of production and input utilization to changes in the stocks of private and public capital is measured by the...

Evidence is provided on the PPP hypothesis using a sample of 50 Spanish cities for a long time period through the application of panel data unit root tests. Although results suggest non-rejection of the PPP, short-run deviations - as measured by half-lives - indicate that real factors might be...

In this article we argue that parametric regression analysis might well provide only partial evidence on the firm size-wage effect and propose a methodology that focuses on the entire distribution of wages. Results for a sample of Spanish workers show that the size premium is almost completely...

Governments around the world are making it a priority to upgrade information and communication technologies (ICT) with the aim to increase available internet connection speeds. This paper proposes a new empirical methodology to estimate the causal effect of these policies, and applies it to the...

An inflow of immigrants into a region impacts house prices in three ways. For a fixed level of local population, housing demand rises due to the increase in foreign-born population. In addition, immigrants can influence native location decisions and induce additional shifts in demand. Finally,...