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Knowledge and development : a cross-section approach

Author: Derek Hung Chiat Chen; Carl Johan Dahlman; World Bank Institute. Global Knowledge and Learning Division.
Publisher: Washington, D.C. : World Bank, World Bank Institute, Global Knowledge and Learning Division, 2004.
Series: Policy research working papers, 3366.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"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  Read more...
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Additional Physical Format: Print version:
Chen, Derek Hung Chiat.
Knowledge and development.
Washington, D.C. : World Bank, World Bank Institute, Global Knowledge and Learning Division, 2004
(OCoLC)56824286
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Derek Hung Chiat Chen; Carl Johan Dahlman; World Bank Institute. Global Knowledge and Learning Division.
OCLC Number: 647486835
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (88 pages).
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Policy research working papers, 3366.
Responsibility: Derek H.C. Chen, and Carl J. Dahlman.

Abstract:

"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 of innovation, the authors 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 telephones per 1,000 persons, is increased by 20 percent, they find that annual economic growth tends to increase by 0.11 percentage point. This paper a product of the Global Knowledge and Learning Division, World Bank Institute, is part of a larger effort in the Institute to assess the effects of knowledge on economic development"--World Bank web site.

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