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Academic knowledge and economic growth : Are scientific fields all alike?

Antonelli, Cristiano and Fassio, Claudio LU (2016) In Socio-Economic Review 14(3). p.537-565
Abstract

The article elaborates and tests the hypothesis that there are different types of aca demic knowledge that exert different effects on economic growth. Knowledge items differ with respect to the specificities of both their generation and exploitation pro cesses. Building upon these bases, the article articulates the crucial distinction between knowledge as a capital good, necessary to produce all the other goods at lower costs and knowledge as a final good that affects directly the utility of consu mers. We use Organisation for Economic Co-operation and Development data about the disciplinary composition of the research and development expenses in higher education and total factor productivity growth in the years 1998-2008 in 13... (More)

The article elaborates and tests the hypothesis that there are different types of aca demic knowledge that exert different effects on economic growth. Knowledge items differ with respect to the specificities of both their generation and exploitation pro cesses. Building upon these bases, the article articulates the crucial distinction between knowledge as a capital good, necessary to produce all the other goods at lower costs and knowledge as a final good that affects directly the utility of consu mers. We use Organisation for Economic Co-operation and Development data about the disciplinary composition of the research and development expenses in higher education and total factor productivity growth in the years 1998-2008 in 13 countries to test the hypothesis. The results confirm the strong differences in the con tribution of each discipline to growth accounting.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Knowledge externalities, Output elasticity of knowledge types, Types of knowledge
in
Socio-Economic Review
volume
14
issue
3
pages
29 pages
publisher
Oxford University Press
external identifiers
  • scopus:85020208538
  • wos:000393323600007
ISSN
1475-1461
DOI
10.1093/ser/mwv025
language
English
LU publication?
yes
id
4bf5990d-b03f-471e-b1b5-322286ab1cb4
date added to LUP
2017-07-03 10:43:36
date last changed
2017-09-18 11:37:13
@article{4bf5990d-b03f-471e-b1b5-322286ab1cb4,
  abstract     = {<p>The article elaborates and tests the hypothesis that there are different types of aca demic knowledge that exert different effects on economic growth. Knowledge items differ with respect to the specificities of both their generation and exploitation pro cesses. Building upon these bases, the article articulates the crucial distinction between knowledge as a capital good, necessary to produce all the other goods at lower costs and knowledge as a final good that affects directly the utility of consu mers. We use Organisation for Economic Co-operation and Development data about the disciplinary composition of the research and development expenses in higher education and total factor productivity growth in the years 1998-2008 in 13 countries to test the hypothesis. The results confirm the strong differences in the con tribution of each discipline to growth accounting.</p>},
  author       = {Antonelli, Cristiano and Fassio, Claudio},
  issn         = {1475-1461},
  keyword      = {Knowledge externalities,Output elasticity of knowledge types,Types of knowledge},
  language     = {eng},
  month        = {07},
  number       = {3},
  pages        = {537--565},
  publisher    = {Oxford University Press},
  series       = {Socio-Economic Review},
  title        = {Academic knowledge and economic growth : Are scientific fields all alike?},
  url          = {http://dx.doi.org/10.1093/ser/mwv025},
  volume       = {14},
  year         = {2016},
}