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- Title
Different Impacts of Scientific and Technological Knowledge on Economic Growth: Contrasting Science and Technology Policy in East Asia and Latin America.
- Authors
Kim, Yee Kyoung; Lee, Keun
- Abstract
This paper conducts country-panel econometric analysis with a focus on the different roles of scientific and technological knowledge on economic growth and on the knowledge production functions. It finds that it is not scientific knowledge (academic articles) but technological knowledge (patents) that matters for economic growth, and that generating scientific knowledge does not automatically lead to the generation of technological knowledge. We find that technological knowledge is primarily determined by corporate research and development efforts, which used to be more lacking in Latin American countries, compared with East Asia. This finding sheds new light on the question of why Latin American and East Asian countries have shown such divergent economic performances.
- Subjects
ASIA; ECONOMIC development; SCIENTIFIC knowledge; PATENTS; EDUCATIONAL technology; LATIN Americans; ECONOMETRICS
- Publication
Asian Economic Policy Review, 2015, Vol 10, Issue 1, p43
- ISSN
1832-8105
- Publication type
Article
- DOI
10.1111/aepr.12081