NDLI: Human Capital, Technology and Sectoral Policies for Growth

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OECD Economic Surveys: Japan 2002

Assessment and Recommendations

Recent Developments. Will Be Cyclical Recovery Lead to Sustained Growth?.

The Policy Framework. Achievements and Evolving Challenges.

Improving the Sources of Growth and Higher Living Standards

Human Capital, Technology and Sectoral Policies for Growth

Human Capital, Technology and Sectoral Policies for Growth

Content Provider	OECD iLibrary
Organization	OECD
Abstract	This chapter takes up some key regulatory issues concerning the network sectors as well as policy questions more directly linked to growth, including human capital formation and the arrangements for R&D and for university research. The first section examines reforms of the network sectors – telecommunications, electricity and gas and posts. In the context of growth, the sectors are playing different roles. Telecommunications prices and the availability of services has a direct connection via costs with the diffusion of information and communications technologies (ICT). Despite the hype of the late 1990s, the diffusion of ICT appears to have an effect on productivity and growth although the process is complex, and can involve productivity gains in traditional sectors. The linkage of the other network sectors to growth is less direct. Electricity prices are high by world standards so that a reduction in costs due to competition would be expected to raise the steady state level of real incomes so that the direct impact on the growth rate would be only temporary. The postal sector is important because of its control of a huge amount of savings. However, in other ountries courier and fast mail services have been an important growth sector. The second section deals with human capital formation covering not only tertiary education but also skill formation more generally that has traditionally been provided by enterprise training. The third section covers the difficult and hard to define area of technology including how policy and institutions affect the way enterprises go about furthering their research and innovation capability. The incentive structure the universities face appears to be an important determinant of their behaviour, and recent policies to improve the productivity of these institutions are also reviewed...
Page Count	66
Starting Page	147
Ending Page	175
Language	English
Publisher	OECD Publishing
Publisher Date	2002-11-18
Access Restriction	Open
Subject Keyword	Economics
Content Type	Text
Resource Type	Chapter

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