The Effects of Knowledge on the Economic Development: Theoretical Retrospectives
AbstractFrom the historical point of view, every modality of creating the economic value is based on a certain type of scientific and technical knowledge, which is favoured by certain "environments of learning and knowledge". The leaps in productivity are caused by radical mutations in matters of knowledge, which is relevant to the processes that generate economical values. This relevant knowledge is, by its own nature, a collective knowledge. The relevant knowledge’s characteristic of being a common asset and the positive externalities which result from it constitute the factor that triggers the development. The economic analysis gradually incorporated and synthesized, on the basis of some consecutive generations of theories, the impact of knowledge on the evolutional processes from economy.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 5 (2013)
Issue (Month): 4 (December)
Knowledge; intangible capital; increasing efficiencies; technological development; innovation;
Find related papers by JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
- Yogesh Malhotra, 2000. "Knowledge Assets in the Global Economy: Assessment of National Intellectual Capital," Journal of Global Information Management (JGIM), IGI Global, vol. 8(3), pages 5-15, July.
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