This Paper explores the sources of convergence in income per capita across the Spanish regions using a decomposition of this variable into employment and productivity factors and an estimate of a regional production function.

In this paper we use the methodology developed in de la Fuente and Jimeno (2009) to construct estimates of the private returns to schooling in Spain by region and educational level and to explore the implications of such investment for public finances. Our calculations take into account the...

This paper analyses the interaction between capital accumulation, technological progress and financial development. Growth is sustained by the development of new varieties of intermediate goods. Innovation is risky and the probability of success depends on entrepreneurs' actions, which can only...