Investing in Knowledge: On the Trade-Off between R&D, ICT, Skills and Migration

Bas ter Weel

No 24, Research Memorandum from Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT)

Abstract: This paper deals with the complementarity between skills and knowledge by investigating particularly tacit knowledge flows between countries and regions. The main findings are threefold. First, there seems to exist a trade-off between acquiring knowledge through performing and putting effort in R&D and through investing into access to the public knowledge basin. Secondly, migration of high-skilled labour from South to North appears, as a result of the introduction and rapid evolution of ICT, no longer a dominant trend. Finally, the observed trade-off goes hand in hand with the accumulation and formation of tacit knowledge.

Keywords: research and development (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:unm:umamer:1999024

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