Investing in Human and Public Capital Boosts Economic Growth in Spanish Regions
The study looked at how public and human capital affect economic growth in Spanish regions using a model called the Solow model. The researchers found that while technological progress plays a big role in long-term growth, the growth rate is also influenced by the labor force and production per worker. They also discovered that Total Factor Productivity growth is not strongly linked to private capital investment, but slightly connected to human and public capital investment.