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"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 …
Persistent link: https://www.econbiz.de/10010522968
"The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large...
Persistent link: https://www.econbiz.de/10011394122
"Based on static analysis, a number of studies argue that forming a regional trade agreement is more likely to raise welfare if member countries are "natural trading partners," while other studies claim that the opposite is true. Schiff and Wang look at the argument from a dynamic viewpoint by...
Persistent link: https://www.econbiz.de/10010522901
Knowledge can be classified into (i) explicit, which can be easily recorded (e.g., books) and (ii) tacit, which cannot … be always articulated. However, much of this tacit knowledge can be shared. The conversion of tacit knowledge into … explicit knowledge is called externalization. Farmers possess both kinds of knowledge. Scientists often pre-determine ignorance …
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"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This … article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight … manufacturing sectors. The author assesses the predictions of inter-disciplinary research on innovation by firms. The econometric …
Persistent link: https://www.econbiz.de/10011394134
"Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. The authors …
Persistent link: https://www.econbiz.de/10011394228