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Recent studies have shown that knowledge-based capital (KBC) is an important source of economic growth in many of the world’s advanced economies (much more so than R&D alone) and is positively correlated with real GDP per capita in a cross-section of these economies. This literature is still in its infancy and there is, as yet, no systematic discussion of KBC policy. This working paper makes an attempt to fill this gap.
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This document presents a project proposal with the aim of conducting a forward-looking assessment of the ocean economy to 2030 and beyond, with particular emphasis on the development potential of emerging ocean-based industries.
Better connectivity is significantly related to higher levels of local digital content creation, and countries with more Internet infrastructure are also those which produce more local digital content. Countries with more international connectivity have lower domestic broadband prices, and countries with better domestic infrastructure have lower international bandwidth prices.
This paper presents a new edition of the project's technical guidelines including methodological guidelines, a core model questionnaire and instruction manual, and the output tables used for reporting data at the international level and related definitions.
This study uses exploratory data analysis techniques to develop typologies of innovation modes or strategies for groups of firms. Analysing micro-level survey data from 18 countries we identify five innovation modes. The coherence and relevance of the innovation modes is tested by using them as explanatory factors in equations explaining economic performance.
This report finds that the Internet has developed an efficient market for connectivity based on voluntary contractual agreements. Operating in a highly competitive environment, largely without regulation or central organisation, the Internet model of traffic exchange has produced low prices, promoted efficiency and innovation, and attracted the investment necessary to keep pace with demand.
Mobile providers have garnered a very large share of traditional services, such as telephony, over the past decade. Nevertheless, mobile networks are dependent on fixed networks and could not efficiently meet the rapidly expanding demand of users without the contributions made by fixed broadband networks.
This work seeks to quantify investment in organisational capital (OC) by looking at the task content of occupations. It relies on the literature suggesting OC to be embodied in a firm’s workforce and defines OC as those tasks performed by employees – irrespective of their occupational titles – likely to affect a firm’s medium to long-term functioning, using US Occupational Information Network (O*NET) data.
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This project aims to provide evidence of the economic value of knowledge-based capital as a new source of growth and improve understanding of current and emerging challenges for policy.
This paper presents the results of data collection across 18 countries and demonstrates that it is possible to produce new policy relevant indicators on public funding of R&D. Initial findings highlight interesting differences across countries in terms of their approaches to R&D funding.