Stimulating Economic Growth through Knowledge-Based Investment

Charles Hulten
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Charles Hulten: University of Maryland

No 2013/2, OECD Science, Technology and Industry Working Papers from OECD Publishing

Abstract: 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.

Stimuler la croissance économique par l'investissement intellectuel Des études récentes révèlent que le capital intellectuel constitue une source importante de croissance économique (bien plus que la R-D) dans de nombreuses économies avancées du monde et qu’en général il y affiche une corrélation positive avec le PIB réel par habitant. Les travaux dans ce domaine n’en étant qu’à leurs débuts, l’action à mener à l’égard du capital intellectuel ne fait pas encore l’objet d’une réflexion systématique. La présente étude tâche d’y remédier.

Date: 2013-05-22
New Economics Papers: this item is included in nep-fdg, nep-knm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:oec:stiaaa:2013/2-en

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