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The Faster-Accelerating Growth of the Knowledge-Based Society

  • Tai-Yoo Kim

    ()

    (College of Engineering, Seoul National University)

  • Mi-Ae Jung

    ()

    (Science and Technology Policy Institute)

  • Eungdo Kim

    ()

    (College of Engineering, Seoul National University)

  • Eunnyeong Heo

    ()

    (College of Engineering, Seoul National University)

Registered author(s):

    The first contribution of this study is to identify the economic growth patterns of the emerging knowledge-based society of the future, compared to the agricultural society or the industrial society, by analyzing the aspects of future technologies and new humankind and their effects on the value creation structure. The second contribution of this study is to highlight the characteristics of the new humankind in a knowledge-based society. A number of studies related to economic growth from the long and macro perspective have considered only the conventional aspects of individual humans—for example, a rational consumer or a labor supplier—but this study has considered newly emerging groups with different socio-economic characteristics and their effects on the economy and society.

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    File URL: ftp://147.46.237.98/DP-81.pdf
    File Function: First version, 2011
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    Paper provided by Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 201181.

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    Length: 41 pages
    Date of creation: Nov 2011
    Date of revision: Nov 2011
    Handle: RePEc:snv:dp2009:201181
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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
    2. Gary D. Hansen & Edward C. Prescott, 1999. "Malthus to Solow," Staff Report 257, Federal Reserve Bank of Minneapolis.
    3. Audretsch, David B. & Keilbach, Max, 2008. "Resolving the knowledge paradox: Knowledge-spillover entrepreneurship and economic growth," Research Policy, Elsevier, vol. 37(10), pages 1697-1705, December.
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    9. Barro, Robert J, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 407-43, May.
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    11. Dosi, Giovanni & Llerena, Patrick & Labini, Mauro Sylos, 2006. "The relationships between science, technologies and their industrial exploitation: An illustration through the myths and realities of the so-called `European Paradox'," Research Policy, Elsevier, vol. 35(10), pages 1450-1464, December.
    12. Bontis, Nick & Dragonetti, Nicola C. & Jacobsen, Kristine & Roos, Göran, 1999. "The knowledge toolbox:: A review of the tools available to measure and manage intangible resources," European Management Journal, Elsevier, vol. 17(4), pages 391-402, August.
    13. Iain M. Cockburn & Rebecca M. Henderson, 2001. "Publicly Funded Science and the Productivity of the Pharmaceutical Industry," NBER Chapters, in: Innovation Policy and the Economy, Volume 1, pages 1-34 National Bureau of Economic Research, Inc.
    14. Mueller, Milton L. & Park, Yuri & Lee, Jongsu & Kim, Tai-Yoo, 2006. "Digital identity: How users value the attributes of online identifiers," Information Economics and Policy, Elsevier, vol. 18(4), pages 405-422, November.
    15. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
    16. Bart van Ark & Robert Inklaar & Robert H. McGuckin, 2002. "'Changing Gear' - Productivity, ICT and Services Industries: Europe and the United States," Economics Program Working Papers 02-02, The Conference Board, Economics Program.
    17. Paul A. David & Dominique Foray, 2005. "Economic Fundamentals Of the Knowledge Society," Development and Comp Systems 0502008, EconWPA.
    18. Gautam Ray, 2001. "Increasing Returns to Scale in Affluent Knowledge-Rich Economies," Growth and Change, Wiley Blackwell, vol. 32(4), pages 491-510.
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