Franklin

The Role of Human Capital in Economic Growth [electronic resource] : The Case of Spain, Mauro, Paolo.

Author/Creator:
Mauro, Paolo.
Publication:
Washington, D.C. : International Monetary Fund, 2000.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 00/8.
IMF Working Papers; Working Paper No. 00/8
Format/Description:
Government document
Book
1 online resource (27 p.)
Local subjects:
Age groups.
Average educational attainment.
Compulsory education.
Compulsory schooling.
Economic growth.
Educational attainment.
Enrollment rates.
Formal education.
Formal schooling.
Human capital.
Labor.
Marginal product.
Marginal products.
Participation rates.
Primary education.
Primary school.
Vocational education.
Spain.
Summary:
This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it over the next decade on the basis of likely demographic developments. The methodology considers both educational attainment resulting from formal schooling and improvements in workers’ productivity resulting from experience, or “learning by doing.” Furthermore, it allows for the fact that people with higher education accumulate human capital through learning by doing at a faster pace than less educated workers or, in other words, that the full returns to formal schooling are realized with a lag of many years. Using this index, a growth accounting exercise is conducted to estimate the impact of human capital accumulation on economic growth over the past two decades. Finally, potential output growth is projected over the next few years, taking into account the impact of human capital accumulation.
Notes:
Description based on print version record.
Contributor:
Fernandez, Enric.
Mauro, Paolo.
Other format:
Print Version:
ISBN:
1451842503:
9781451842500
ISSN:
1018-5941
Publisher Number:
10.5089/9781451842500.001
Access Restriction:
Restricted for use by site license.
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