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Knowledge and Development :A Cross-Section Approach

This paper assesses the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, the paper shows that knowledge is a significant...

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Tác giả chính: Derek H. C. Chen and Carl J. Dahlman
Định dạng: Printed Book
Được phát hành: The World Bank WPS3366 2004
Truy cập trực tuyến:http://10.26.1.76/ks/001429.pdf
LEADER 016680000a22001330004500
100 |a Derek H. C. Chen and Carl J. Dahlman 
245 |a Knowledge and Development :A Cross-Section Approach 
260 |c 2004 
260 |b The World Bank WPS3366 
520 |a This paper assesses the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, the paper shows that knowledge is a significant determinant of long-term economic growth. In particular, we find that the stock of human capital, the level of domestic innovation and technological adaptation, and the level of information and communications technologies (ICT) infrastructure all exert statistically significant positive effects on long-term economic growth. More specifically with regard to the growth effects of the human capital stock, we find that an increase of 20 percent in the average years of schooling of a population tends to increase the average annual economic growth by 0.15 percentage point. In terms of innovation, we find that a 20 percent increase in the annual number of USPTO patents granted is associated with an increase of 3.8 percentage points in annual economic growth. Lastly, when the ICT infrastructure, measured by the number of phones per 1,000 persons, is increased by 20 percent, we find that annual economic growth tends to increase by 0.11 percentage point. 
856 |u http://10.26.1.76/ks/001429.pdf 
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