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Stimulating Economic Growth through Knowledge-Based Investment

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  • Charles Hulten

    (University of Maryland)

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.

Suggested Citation

  • Charles Hulten, 2013. "Stimulating Economic Growth through Knowledge-Based Investment," OECD Science, Technology and Industry Working Papers 2013/2, OECD Publishing.
    • Handle: RePEc:oec:stiaaa:2013/2-en
    DOI: 10.1787/5k46dbzqhj9v-en
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    Cited by:

    1. M. Shanmugam, 2020. "Research and Development Intensity and Effective Tax Rate: Empirical Evidence from India," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 223-234, November.
    2. Lisa Evers & Helen Miller & Christoph Spengel, 2015. "Intellectual property box regimes: effective tax rates and tax policy considerations," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 22(3), pages 502-530, June.
    3. Charles R. Hulten, 2017. "The Importance of Education and Skill Development for Economic Growth in the Information Era," NBER Working Papers 24141, National Bureau of Economic Research, Inc.
    4. Alexander Ebner & Fabian Bocek, 2015. "Best Practices as to How to Support Investment in Intangible Assets. WWWforEurope Working Paper No. 101," WIFO Studies, WIFO, number 58258.
    5. Maha Mohamed Alsebai Mohamed & Pingfeng Liu & Guihua Nie, 2022. "Do Knowledge Economy Indicators Affect Economic Growth? Evidence from Developing Countries," Sustainability, MDPI, vol. 14(8), pages 1-37, April.
    6. Charles R. Hulten, 2018. "The Importance of Education and Skill Development for Economic Growth in the Information Era," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 115-146, National Bureau of Economic Research, Inc.

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