Communications and economic growth

Dudley, Léonard

doi:10.1016/s0014-2921(97)00129-3

“…For this reason, accelerations in the rate of knowledge communication and accumulation are correlated with major technical breakthroughs in codification -from the invention of writing to that of the printing press to the development of electronic encoding and automatized processing of the code (Dudley 1999). However, independent of the great leaps forward in the encoding technology and the enormous growth of the body of encoded knowledge, in order for knowledge to become effective and economically relevant it still needs to be expressed by individual minds.…”

Section: Knowledge Storage Expression and Transfermentioning

confidence: 99%

Knowledge and its Economic Characteristics: A Conceptual Clarification

Witt¹,

Brökel²,

Brenner³

2012

Handbook of Knowledge and Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Knowledge and its Economic Characteristics -A Conceptual ClarificationMarch 2007 Ulrich WittMax-Planck-Institute of Economics, Jena, Germany ulrich.witt@econ.mpg.de Tom BrökelMax-Planck-Institute of Economics, Jena, Germany broekel@econ.mpg.de Thomas BrennerMax-Planck-Institute of Economics, Jena, Germany brenner@econ.mpg.de AbstractThis paper discusses several features of knowledge that are often considered crucial for characterizing the economic significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has public or private good character. It is argued that all these features depend similarly on the state of the knowledge technology, i.e. on how knowledge can be acquired, stored, used, and communicated. The different characteristics and the relationships between them are shown to correspond to different specifications of the technology, specifications that are not always made explicit in the literature.JEL-classification: D83, O31, O34

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“…3 However, since indirect communication hinges on knowledge codification, its power is constrained by the state of, and the historical progress in, the encoding technology. For this reason, accelerations in the rate of knowledge communication and accumulation are correlated with major technical breakthroughs in codification -from the invention of writing to that of the printing press to the development of electronic encoding and automatized processing of the code (Dudley 1999). However, independent of the great leaps forward in the encoding technology and the enormous growth of the body of encoded knowledge, in order for knowledge to become effective and economically relevant it still needs to be expressed by individual minds.…”

Section: Knowledge Storage Expression and Transfermentioning

confidence: 99%

Knowledge and its Economic Characteristics - A Conceptual Clarification

Witt¹,

Broekel

²

,

Brenner³

2007

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Knowledge and its Economic Characteristics -A Conceptual ClarificationMarch 2007 Ulrich WittMax-Planck-Institute of Economics, Jena, Germany ulrich.witt@econ.mpg.de Tom BrökelMax-Planck-Institute of Economics, Jena, Germany broekel@econ.mpg.de Thomas BrennerMax-Planck-Institute of Economics, Jena, Germany brenner@econ.mpg.de AbstractThis paper discusses several features of knowledge that are often considered crucial for characterizing the economic significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has public or private good character. It is argued that all these features depend similarly on the state of the knowledge technology, i.e. on how knowledge can be acquired, stored, used, and communicated. The different characteristics and the relationships between them are shown to correspond to different specifications of the technology, specifications that are not always made explicit in the literature.JEL-classification: D83, O31, O34

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“…In line with Schumpeter's work, and prompted by a number of other scholars, I would suggest that 'communication' between agents plays an important role in shaping the processes through which an economy evolves from one stage to the next. To be more concrete, it would seem that there is a positive association between the ease with which communication may occur and economic development (see, e.g., Dudley 1999, Mokyr 2002.…”

Section: A Dynamic Welfare Perspectivementioning

confidence: 99%