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The impact of investment in education on economic development: Spain in comparative perspective (1860-2000)

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Abstract

Throughout the 19th century and until the mid-20th century, in terms of long-term investment in human capital and, above all, in education, Spain lagged far behind the international standards and, more specifically, the levels attained by its neighbours in Europe. In 1900, only 55% of the population could read; in 1950, the figure was 93%. This no doubt contributed to a pattern of slower economic growth in which the physical strength required for agricultural work, measured here through height, had a larger impact than education on economic growth. It was not until the 1970s, with the arrival of democracy, that the Spanish education system was modernized and the influence of education on economic growth increased.

Suggested Citation

  • Enriqueta Camps, 2013. "The impact of investment in education on economic development: Spain in comparative perspective (1860-2000)," Economics Working Papers 1373, Department of Economics and Business, Universitat Pompeu Fabra.
    • Handle: RePEc:upf:upfgen:1373
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    Cited by:

    1. José Jurado Sánchez & Juan Ángel Jiménez Martín, 2014. "Guns, Economic Growth and Education during the second half of the Twentieth Century: Was Spain different?," Documentos de Trabajo del ICAE 2014-14, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.

    More about this item

    Keywords

    employment structure; human capital; educational offer; economic growth.;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I1 - Health, Education, and Welfare - - Health
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J8 - Labor and Demographic Economics - - Labor Standards
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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