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The two faces of knowledge diffusion: the Chilean case

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  • Piergiuseppe Morone

    (Istituto di Economia e Finanza, University of Rome 'La Sapienza', Roma, Italy)

Abstract

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of education is no longer an individual exercise of present and future utility maximization as suggested by formal human capital theory. We find that other external (environmental) variables might affect the individual decision of investment. We calculate the effect of individual and interactive learning on determining the wage of Chilean male workers resident in urban areas and aged between 14 and 65. Copyright © 2005 John Wiley & Sons, Ltd.

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 18 (2006)
Issue (Month): 1 ()
Pages: 29-50

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Handle: RePEc:wly:jintdv:v:18:y:2006:i:1:p:29-50

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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Cited by:
  1. Matté Hartog & Ron Boschma & Markku Sotarauta, 2012. "The impact of related variety on regional employment growth in Finland 1993-2006: high-tech versus medium/low-tech," Papers in Evolutionary Economic Geography (PEEG), Utrecht University, Section of Economic Geography 1205, Utrecht University, Section of Economic Geography, revised May 2012.

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