"¿Cómo afectan el capital público y el capital humano al crecimiento?: Un análisis para las regiones españolas en el marco neoclásico", Investigaciones Económicas vol. 23 pp. 95-114, 1999.

Abstract. This paper estimates the neoclassical growth model following Mankiw-Romer-Weil (1992) and using data for spanish regions from 1969 until 1991. The proposed specification includes fixed effects and it is estimated using the instrumental variable method. Public and human capital are included and model predictions are tested. The estimated conditional convergence rate is around 18% much higher than that found in the literature. This estimate implies a capital share in production smaller than expected. The estimates of the parameters of human capital in the model yield anomalous results and this fact lead to a different specification of the production function with respect to human capital.

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