Human capital effects on business organizations: econometric estimates for new businesses and exports

Abstract

Objective: to show the positive impact of human capital about new businesses and the level
of exports. Method: a literature review is done and after empirically two panel data models
are estimated to measure the impact of human capital on business economic variables.
Results: It was found that the public spending on education has a positive marginal effect
on the generation of new businesses and the exports. For its part, investment in secondary
education has positive and significant effects on new business ventures, being secondary
education appropriate to generating an entrepreneurial behavior in young people. For their
part, all education variables had positive and significant impacts on exports. Conclusions:
it could be possible to find positive effects of human capital, especially in education, about
the creation of new businesses and over exports.