Knowledge and development :
Chen, Derek Hung Chiat.
Knowledge and development : a cross-section approach / Derek H. C. Chen, and Carl J. Dahlman. - Washington, D. C : World Bank, 2004. - 88p ; 27 cm. - Policy research working papers ; no. 3366 .
"Chen and Dahlman assess 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, they show that knowledge is a significant determinant of long-term economic growth. In particular, the authors 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, they 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 o
Includes bibliographical references.
Open access.
Intellectual capital.
Economic development.
Knowledge and development : a cross-section approach / Derek H. C. Chen, and Carl J. Dahlman. - Washington, D. C : World Bank, 2004. - 88p ; 27 cm. - Policy research working papers ; no. 3366 .
"Chen and Dahlman assess 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, they show that knowledge is a significant determinant of long-term economic growth. In particular, the authors 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, they 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 o
Includes bibliographical references.
Open access.
Intellectual capital.
Economic development.