Stimulating Economic Growth through Knowledge-Based Investment [E-Book] / Charles Hulten
Hulten, Charles.
Paris : OECD Publishing, 2013
39 p. ; 21 x 29.7cm.
OECD Science, Technology and Industry Working Papers ; 2013/02
Science and Technology
Industry and Services
Full Text
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.