63385 20191126134629.0 doi 10.2298/PAN151002014L sideral 101236 ART-2018-101236 eng (orcid)0000-0001-9441-7859 López Pueyo, María del Carmen Universidad de Zaragoza The two faces of human capital and their effect on technological progress 2018 Access copy available to the general public Unrestricted The aim of the paper is to investigate the effect of a new international estimate of human capital on the process of innovation and technology catch-up in developed countries. The new human capital variable is a measure of average human capital efficiency per hour worked that considers the role of both the quantity and quality of education. Our methodology is based on the framework proposed by Benhabib and Spiegel (2005) that uses a logistic function of technology diffusion. The analysis employs panel econometrics and tackles the endogeneity bias. Empirical results show robust evidence of the significance of this human capital variable as a driver of innovation and diffusion. The effects of cognitive skills on technological progress are higher the closer the economies are to the technology frontier. Furthermore, as technological progress has been measured using the improved TFP variables built in PWT 8.0, we confirm the existence of social returns to human capital. info:eu-repo/grantAgreement/ES/DGA/269165 info:eu-repo/grantAgreement/ES/DGA/269190 info:eu-repo/semantics/openAccess by-nc http://creativecommons.org/licenses/by-nc/3.0/es/ 0.594 2018 ECONOMICS 306 / 363 = 0.843 2018 Q4 T3 0.343 2018 Economics, Econometrics and Finance (miscellaneous) 2018 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion (orcid)0000-0002-2688-134X Barcenilla, Sara Universidad de Zaragoza (orcid)0000-0003-3702-4017 Giménez, Gregorio Universidad de Zaragoza 4008 225 Universidad de Zaragoza Dpto. Estruc.Hª Econ.y Eco.Pb. Área Economía Aplicada 65, 2 (2018), 163-181 PANOECONOMICUS PANOECONOMICUS 1452-595X 255562 http://zaguan.unizar.es/record/63385/files/texto_completo.pdf Versión publicada 52284 http://zaguan.unizar.es/record/63385/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:63385 articulos driver 2019-11-26-13:39:57 ARTICLE