In this paper we combine a regional and a neoclassical approach to the estimation of economic returns to human capital. By using data from the European Values Study and EUROSTAT datasets for the year 2000, we test three relevant models, viz. the Mankiw-Romer-Weil (1992), Lucas (1988) and Romer (1990) models. We find a significant correlation between regional performance and the level of human capital, after controlling for other relevant factors. We also examine the role of the accumulation of cognitive capital on economic performance and we find a positive association between cognitive capital and regional performance. Evidence from a comparison of our empirical tests also suggests that human capital may impact on economic growth not only in itself, but also by making interactions among agents more effective.
Endogenous regional growth: the role of human and cognitive capital.
CARAGLIU, ANDREA ANTONIO;
2009-01-01
Abstract
In this paper we combine a regional and a neoclassical approach to the estimation of economic returns to human capital. By using data from the European Values Study and EUROSTAT datasets for the year 2000, we test three relevant models, viz. the Mankiw-Romer-Weil (1992), Lucas (1988) and Romer (1990) models. We find a significant correlation between regional performance and the level of human capital, after controlling for other relevant factors. We also examine the role of the accumulation of cognitive capital on economic performance and we find a positive association between cognitive capital and regional performance. Evidence from a comparison of our empirical tests also suggests that human capital may impact on economic growth not only in itself, but also by making interactions among agents more effective.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
