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on Knowledge Management and Knowledge Economy |
| By: | Charles Amo Yartey |
| Abstract: | This paper examines the role of financial development and financial structure in explaining cross-country diffusion of information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990-2003, the paper finds that credit and stock market development tends to foster ICT development. Financial structure, however, does not appear to have any significant relationship with ICT development. The conclusions of the paper highlight the role of financial development in the market for knowledge-based products, and are consistent with theoretical predictions. The finding that financial development is an important determinant of ICT development implies that countries with underdeveloped financial markets may continue to lag behind in the use of ICT. |
| Keywords: | ICT , digital divide , financial development , financial structure , Information technology , Financial systems , Development , Capital markets , Economic models , |
| Date: | 2006–11–22 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:06/258&r=knm |
| By: | Maarten Lindeboom (Free University Amsterdam, Tinbergen Institute, HEB, Netspar and IZA Bonn); Ana Llena-Nozal (Free University Amsterdam and Tinbergen Institute); Bas van der Klaauw (Free University Amsterdam, Tinbergen Institute, CEPR and IZA Bonn) |
| Abstract: | This paper investigates the impact of parental education on child health outcomes. To identify the causal effect we explore exogenous variation in parental education induced by a schooling reform in 1947, which raised the minimum school leaving age in the UK. Findings based on data from the National Child Development Study suggest that postponing the school leaving age by one year had little effect on the health of their offspring. Schooling did however improve economic opportunities by reducing financial difficulties among households. We conclude from this that the effects of parental income on child health are at most modest. |
| Keywords: | returns to education, intergenerational mobility, health, regression-discontinuity |
| JEL: | I12 I28 |
| Date: | 2006–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2516&r=knm |