02014cas a2200253 a 4500 AALejournalIMF007665 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842500 1018-5941 BD-DhAAL BD-DhAAL Mauro, Paolo. The Role of Human Capital in Economic Growth : The Case of Spain / Paolo Mauro, Enric Fernandez. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it over the next decade on the basis of likely demographic developments. The methodology considers both educational attainment resulting from formal schooling and improvements in workers' productivity resulting from experience, or 'learning by doing.' Furthermore, it allows for the fact that people with higher education accumulate human capital through learning by doing at a faster pace than less educated workers or, in other words, that the full returns to formal schooling are realized with a lag of many years. Using this index, a growth accounting exercise is conducted to estimate the impact of human capital accumulation on economic growth over the past two decades. Finally, potential output growth is projected over the next few years, taking into account the impact of human capital accumulation. Mode of access: Internet Fernandez, Enric. IMF Working Papers; Working Paper ; No. 2000/008 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/008/001.2000.issue-008-en.xml IMF e-Library