English, Article, Journal or magazine article edition: Regional returns to physical capital: are they conditioned by educational attainment? Enrique Lopez-Bazo; Rosina Moreno

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Bookmark: http://trove.nla.gov.au/version/36083
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Regional returns to physical capital: are they conditioned by educational attainment?
Author
  • Enrique Lopez-Bazo
  • Rosina Moreno
Physical Description
  • preprint
Notes
  • 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 directly related to the existing heterogeneity in the educational attainment of workers. The results for the Spanish case support our hypothesis that the higher the educational attainment of workers the greater the returns on investment in physical capital. In fact, this effect seems to be sufficiently strong to have counterbalanced the traditional mechanism of decreasing returns to capital accumulation.
  • returns to capital, human capital, productivity, cost system
  • RePEc:ira:wpaper:200718
Language
  • English
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