Abstract

ARTEAGA CABRALES, Carolina. Human Capital Externalities and Growth. Ens. polit. econ. [online]. 2011, vol.29, n.66, pp.12-47. ISSN 0120-4483.

This paper provides evidence of positive externalities in human capital that help to explain divergences in development worldwide. We estimate the supply and demand for human capital using a five-year panel involving 60 countries, covering the period 1980-2000, and found that there exists positive externalities in human capital accumulation close to one. This translates into increasing returns to scale and increasing marginal returns in human capital.

Keywords : Economic growth; human capital; externalities.

        · abstract in Spanish | Portuguese     · text in English     · English ( pdf )