Knowledge Capital and Total Factor Productivity

• Autorzy: Władysław Welfe
• Języki publikacji: EN

Abstrakty

EN

Development of “new economies” leading to economies mostly based on knowledge implies the construction of new long-term macroeconometric models. They should incorporate the impacts of new technologies being endogenized, as well as human capital. The paper discusses several issues related to the extension of the notion of production function. They cover first of all the measurement and explanation of knowledge capital and of total factor productivity (TFP), the role of domestic and foreign R&D expenditures, as well as educational expenditures. The discussion is extended to include the empirical results obtained in the world literature. (original abstract)

Słowa kluczowe

EN

Knowledge-based economy; Human capital; Technical progress

PL

Gospodarka oparta na wiedzy (GOW); Kapitał ludzki; Postęp techniczny

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2007
• Numer: nr 1-2 (19)
• Strony: 211--235

Twórcy

autor

Władysław Welfe

• University of Lodz, Poland

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