Stimulating Economic Growth through Knowledge-Based Investment

Recent studies have shown that knowledge-based capital (KBC) is an important source of economic growth in many of the world's advanced economies (much more so than R&D alone) and is positively correlated with real GDP per capita in a cross-section of these economies. This literature is stil...

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Bibliographic Details
Main Author: Hulten, Charles
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Series:OECD Science, Technology and Industry Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:Recent studies have shown that knowledge-based capital (KBC) is an important source of economic growth in many of the world's advanced economies (much more so than R&D alone) and is positively correlated with real GDP per capita in a cross-section of these economies. This literature is still in its infancy and there is, as yet, no systematic discussion of KBC policy. This paper makes an attempt to fill this gap
Physical Description:38 p. 21 x 29.7cm