The Knowledge Capital of Nations

This book PDF is perfect for those who love Business & Economics genre, written by Eric A. Hanushek and published by MIT Press which was released on 15 August 2023 with total hardcover pages 275. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related The Knowledge Capital of Nations books below.

The Knowledge Capital of Nations
Author : Eric A. Hanushek
File Size : 54,7 Mb
Publisher : MIT Press
Language : English
Release Date : 15 August 2023
ISBN : 9780262548953
Pages : 275 pages
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The Knowledge Capital of Nations by Eric A. Hanushek Book PDF Summary

A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

The Knowledge Capital of Nations

A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development.

Get Book
Knowledge and the Wealth of Nations  A Story of Economic Discovery

A tour of modern economics as reflected by Paul Romer's new growth theory describes Adam Smith's presentation of a challenging economic puzzle more than two hundred years ago, various efforts and tools that were applied to its solution, and the applications of Romer's solution by some of today's top companies.

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National Intellectual Capital

Over the past decade, knowledge assets and intellectual capital have been attracting an increasing amount of attention, not only from academics and CEOs, but also from national policy makers. To date, most studies of intellectual capital have focused at the organizational level, with an emphasis on explaining the role of “

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The Changing Wealth of Nations 2018

Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the

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Human Capital in History

This volume honours the contributions Claudia Goldin has made to scholarship and teaching in economic history and labour economics. The chapters address some closely integrated issues: the role of human capital in the long-term development of the American economy, trends in fertility and marriage, and women's participation in economic change.

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Knowledge Based Economy  a Road Map

The world is entering a new economic period, where information and innovation have more influence than manufacturing or labor. Those nations that can successfully transition to a knowledge-based economy will dominate the future. Effectively leveraging knowledge and information, however, is no easy task. In Knowledge-Based Economy, a Road Map, Professor

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Cognitive Capitalism

This book studies cross-country differences in cognitive capital, exploring how levels of education are linked to a nation's economic development. It is for graduates and research in a wide range of fields, including economics, psychology, sociology and political science.

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Knowledge and the Wealth of Nations

Looks at Paul Romer's 1980s solution of Adam Smith's new growth theory, tracing how the centuries-old puzzle was addressed throughout history and how it has helped leading corporations to address economic expansion and the value of intellectual property.

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