Knowledge and Development: A Cross-Section Approach

This paper assesses 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 2...

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Main Authors:	Chen, Derek H. C., Dahlman, Carl J.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ADAPTATION AGED AGGREGATE OUTPUT AGGREGATE PRODUCTION FUNCTION AGRICULTURE BASIC EDUCATION BUDGET DEFICITS CAPITAL ACCUMULATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONSUMERS CONTRIBUTION OF KNOWLEDGE COUNTRY SPECIFIC DATA SETS DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT PROCESSES DIMINISHING RETURNS ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC THEORY ECONOMICS EDUCATION LEVEL EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT ELASTICITY EMPIRICAL EVIDENCE ESTIMATED COEFFICIENT EXCHANGE RATE FACTOR ACCUMULATION FACTORS OF PRODUCTION FOREIGN DIRECT INVESTMENT FOSTER COMPETITION GLOBAL ECONOMY GLOBAL SUPPLY GOVERNMENT EXPENDITURES GROSS INVESTMENT GROWTH RATE GROWTH RATES GROWTH THEORY HOLISTIC APPROACH HUMAN CAPITAL IMPORTS INCREASES IN OUTPUT INCREASING RETURNS INDEPENDENT VARIABLES INDUSTRIAL ECONOMIES INDUSTRIALIZED COUNTRIES INFLATION INTERNATIONAL COMPARISONS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEVEL OF OUTPUT LEVEL OF TECHNOLOGY LONG-RUN GROWTH LOW-INCOME COUNTRIES MEDIA MONETARY ECONOMICS MOTIVATION OUTPUT PER CAPITA PARENTS PATENTS PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PRIMARY EDUCATION PRODUCTION FUNCTION PRODUCTION PROCESSES PROPERTY RIGHTS PUBLIC POLICY RADIO RATE OF RETURN REAL GDP RESEARCH CENTERS SCHOOLS SERVICE INDUSTRIES SIGNIFICANT IMPACT SUSTAINABLE DEVELOPMENT TECHNICAL KNOWLEDGE TECHNICAL PROGRESS TECHNOLOGICAL INNOVATION TERTIARY EDUCATION TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRANSACTION COSTS TRANSACTIONS COSTS KNOWLEDGE INFORMATION COMMUNICATION EDUCATION & ECONOMIC DEVELOPMENT MACROECONOMIC GROWTH
Online Access:	http://documents.worldbank.org/curated/en/2004/08/5071856/knowledge-development-cross-section-approach http://hdl.handle.net/10986/14163

id	okr-10986-14163
recordtype	oai_dc
spelling	okr-10986-141632021-04-23T14:03:21Z Knowledge and Development: A Cross-Section Approach Chen, Derek H. C. Dahlman, Carl J. ADAPTATION AGED AGGREGATE OUTPUT AGGREGATE PRODUCTION FUNCTION AGRICULTURE BASIC EDUCATION BUDGET DEFICITS CAPITAL ACCUMULATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONSUMERS CONTRIBUTION OF KNOWLEDGE COUNTRY SPECIFIC DATA SETS DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT PROCESSES DIMINISHING RETURNS ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC THEORY ECONOMICS EDUCATION LEVEL EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT ELASTICITY EMPIRICAL EVIDENCE ESTIMATED COEFFICIENT EXCHANGE RATE FACTOR ACCUMULATION FACTORS OF PRODUCTION FOREIGN DIRECT INVESTMENT FOSTER COMPETITION GLOBAL ECONOMY GLOBAL SUPPLY GOVERNMENT EXPENDITURES GROSS INVESTMENT GROWTH RATE GROWTH RATES GROWTH THEORY HOLISTIC APPROACH HUMAN CAPITAL IMPORTS INCREASES IN OUTPUT INCREASING RETURNS INDEPENDENT VARIABLES INDUSTRIAL ECONOMIES INDUSTRIALIZED COUNTRIES INFLATION INTERNATIONAL COMPARISONS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEVEL OF OUTPUT LEVEL OF TECHNOLOGY LONG-RUN GROWTH LOW-INCOME COUNTRIES MEDIA MONETARY ECONOMICS MOTIVATION OUTPUT PER CAPITA PARENTS PATENTS PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PRIMARY EDUCATION PRODUCTION FUNCTION PRODUCTION PROCESSES PROPERTY RIGHTS PUBLIC POLICY RADIO RATE OF RETURN REAL GDP RESEARCH CENTERS SCHOOLS SERVICE INDUSTRIES SIGNIFICANT IMPACT SUSTAINABLE DEVELOPMENT TECHNICAL KNOWLEDGE TECHNICAL PROGRESS TECHNOLOGICAL INNOVATION TERTIARY EDUCATION TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRANSACTION COSTS TRANSACTIONS COSTS KNOWLEDGE ECONOMIC GROWTH INFORMATION COMMUNICATION HUMAN CAPITAL PATENTS EDUCATION & ECONOMIC DEVELOPMENT MACROECONOMIC GROWTH This paper assesses 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. 2013-06-25T14:22:08Z 2013-06-25T14:22:08Z 2004-08 http://documents.worldbank.org/curated/en/2004/08/5071856/knowledge-development-cross-section-approach http://hdl.handle.net/10986/14163 English en_US Policy Research Working Paper;No.3366 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADAPTATION AGED AGGREGATE OUTPUT AGGREGATE PRODUCTION FUNCTION AGRICULTURE BASIC EDUCATION BUDGET DEFICITS CAPITAL ACCUMULATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONSUMERS CONTRIBUTION OF KNOWLEDGE COUNTRY SPECIFIC DATA SETS DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT PROCESSES DIMINISHING RETURNS ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC THEORY ECONOMICS EDUCATION LEVEL EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT ELASTICITY EMPIRICAL EVIDENCE ESTIMATED COEFFICIENT EXCHANGE RATE FACTOR ACCUMULATION FACTORS OF PRODUCTION FOREIGN DIRECT INVESTMENT FOSTER COMPETITION GLOBAL ECONOMY GLOBAL SUPPLY GOVERNMENT EXPENDITURES GROSS INVESTMENT GROWTH RATE GROWTH RATES GROWTH THEORY HOLISTIC APPROACH HUMAN CAPITAL IMPORTS INCREASES IN OUTPUT INCREASING RETURNS INDEPENDENT VARIABLES INDUSTRIAL ECONOMIES INDUSTRIALIZED COUNTRIES INFLATION INTERNATIONAL COMPARISONS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEVEL OF OUTPUT LEVEL OF TECHNOLOGY LONG-RUN GROWTH LOW-INCOME COUNTRIES MEDIA MONETARY ECONOMICS MOTIVATION OUTPUT PER CAPITA PARENTS PATENTS PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PRIMARY EDUCATION PRODUCTION FUNCTION PRODUCTION PROCESSES PROPERTY RIGHTS PUBLIC POLICY RADIO RATE OF RETURN REAL GDP RESEARCH CENTERS SCHOOLS SERVICE INDUSTRIES SIGNIFICANT IMPACT SUSTAINABLE DEVELOPMENT TECHNICAL KNOWLEDGE TECHNICAL PROGRESS TECHNOLOGICAL INNOVATION TERTIARY EDUCATION TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRANSACTION COSTS TRANSACTIONS COSTS KNOWLEDGE ECONOMIC GROWTH INFORMATION COMMUNICATION HUMAN CAPITAL PATENTS EDUCATION & ECONOMIC DEVELOPMENT MACROECONOMIC GROWTH
spellingShingle	ADAPTATION AGED AGGREGATE OUTPUT AGGREGATE PRODUCTION FUNCTION AGRICULTURE BASIC EDUCATION BUDGET DEFICITS CAPITAL ACCUMULATION CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONSUMERS CONTRIBUTION OF KNOWLEDGE COUNTRY SPECIFIC DATA SETS DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT PROCESSES DIMINISHING RETURNS ECONOMIC AGENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC THEORY ECONOMICS EDUCATION LEVEL EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT ELASTICITY EMPIRICAL EVIDENCE ESTIMATED COEFFICIENT EXCHANGE RATE FACTOR ACCUMULATION FACTORS OF PRODUCTION FOREIGN DIRECT INVESTMENT FOSTER COMPETITION GLOBAL ECONOMY GLOBAL SUPPLY GOVERNMENT EXPENDITURES GROSS INVESTMENT GROWTH RATE GROWTH RATES GROWTH THEORY HOLISTIC APPROACH HUMAN CAPITAL IMPORTS INCREASES IN OUTPUT INCREASING RETURNS INDEPENDENT VARIABLES INDUSTRIAL ECONOMIES INDUSTRIALIZED COUNTRIES INFLATION INTERNATIONAL COMPARISONS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEVEL OF OUTPUT LEVEL OF TECHNOLOGY LONG-RUN GROWTH LOW-INCOME COUNTRIES MEDIA MONETARY ECONOMICS MOTIVATION OUTPUT PER CAPITA PARENTS PATENTS PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PRIMARY EDUCATION PRODUCTION FUNCTION PRODUCTION PROCESSES PROPERTY RIGHTS PUBLIC POLICY RADIO RATE OF RETURN REAL GDP RESEARCH CENTERS SCHOOLS SERVICE INDUSTRIES SIGNIFICANT IMPACT SUSTAINABLE DEVELOPMENT TECHNICAL KNOWLEDGE TECHNICAL PROGRESS TECHNOLOGICAL INNOVATION TERTIARY EDUCATION TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRANSACTION COSTS TRANSACTIONS COSTS KNOWLEDGE ECONOMIC GROWTH INFORMATION COMMUNICATION HUMAN CAPITAL PATENTS EDUCATION & ECONOMIC DEVELOPMENT MACROECONOMIC GROWTH Chen, Derek H. C. Dahlman, Carl J. Knowledge and Development: A Cross-Section Approach
relation	Policy Research Working Paper;No.3366
description	This paper assesses 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.
format	Publications & Research :: Policy Research Working Paper
author	Chen, Derek H. C. Dahlman, Carl J.
author_facet	Chen, Derek H. C. Dahlman, Carl J.
author_sort	Chen, Derek H. C.
title	Knowledge and Development: A Cross-Section Approach
title_short	Knowledge and Development: A Cross-Section Approach
title_full	Knowledge and Development: A Cross-Section Approach
title_fullStr	Knowledge and Development: A Cross-Section Approach
title_full_unstemmed	Knowledge and Development: A Cross-Section Approach
title_sort	knowledge and development: a cross-section approach
publisher	World Bank, Washington, D.C.
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/08/5071856/knowledge-development-cross-section-approach http://hdl.handle.net/10986/14163
_version_	1764430672029548544

Knowledge and Development: A Cross-Section Approach

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