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Investment in knowledge is defined as the sum of expenditures in research and development (R&D), on total higher education (public and private) and on software.

Investment in this context has a broader connotation than its usual meaning in economic statistics. It includes current expenditures, such as on education and R&D, as well as capital outlays, such as purchases of software and construction of school buildings.

Source Publication:
OECD, 2005, OECD Factbook: 2005, OECD, Paris, p. 118.

Statistical Theme: Science and technology statistics

Created on Tuesday, July 19, 2005

Last updated on Tuesday, July 19, 2005