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Knowledge Intensity in a Set of Latin American Countries: Implications for Productivity

Author

Listed:
  • Matilde Mas
  • Andre Hofman
  • Eva Benages

Abstract

This article proposes to measure the knowledge intensity of economies with an alternative approach to those based on the aggregation of industries according to their R&D expenditure or the qualification of the workforce. The proposed metric is based on the economic valuation of productive services provided by a set of assets that incorporate knowledge, specifically human capital and information and communication technologies (ICT). Rather than using a single indicator to measure knowledge intensity, we follow an economic approach rooted in a growth accounting methodology, determining the contribution of each individual asset according to the prices of the services they provide. This methodology is applied to four Latin-American (LA) countries, namely Brazil, Chile, Colombia and Mexico, taking the United States and Spain as benchmarks for the period 2000-2016.

Suggested Citation

  • Matilde Mas & Andre Hofman & Eva Benages, 2019. "Knowledge Intensity in a Set of Latin American Countries: Implications for Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 204-233, Spring.
    • Handle: RePEc:sls:ipmsls:v:36:y:2019:9
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    File URL: http://www.csls.ca/ipm/36/Mas_etal.pdf
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    References listed on IDEAS

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    5. Claudio Aravena F. & André A. Hofman & Luis Eduardo Escobar F., 2018. "Fuentes del crecimiento económico y la productividad en América Latina y el Caribe, 1990-2013," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 21(1), pages 034-066, April.
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    8. López, Andrés & Niembro, Andrés & Ramos, Daniela, 2014. "Latin America’s competitive position in knowledge-intensive services trade," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
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    10. Carol Corrado & Jonathan Haskel & Cecilia Jona-Lasinio & Massimiliano Iommi, 2013. "Innovation and intangible investment in Europe, Japan, and the United States," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 261-286, SUMMER.
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    Cited by:

    1. Dale W. Jorgenson, 2019. "Introduction," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 1-6, Spring.

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    More about this item

    Keywords

    R&D Expenditure; Human Capital; Information and Communication Technologies; Latin-America;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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