Human capital and other factors of the total productivity in Spanish Regions

Abstract

The productivity evolution results a main factors indicators in order to explain the uneven growth of the different economic spaces and their different levels of welfare in a long run. Just, the crucial importance of productivity for economic growth can be derived from its relation to other indicators of economic performance. Among other factors, these include accumulation of physical and human capital, technological progress, resources allocation and efficiency, and competitiveness. For this reason, in this paper we elaborate in the first place an indicator of Total Factor Productivity for the Spain regions from of point of view of the theoretical justifications of the different methodological proposals. In the second place, and using the available statistics, we explain the unequal behaviour of the Total Factor Productivity (TFP) between these regions from a point of view that variables like public capital (infrastructure), human capital (qualification), technological capital (research and development), productive specialization, the different grades of resource's uses, the exploitation of scale economies ..., may justify the regional divergence in productivity terms.