THE RELATIONSHIP BETWEEN INTELLECTUAL CAPITAL AND TOTAL FACTOR PRODUCTIVITY IN A KNOWLEDGE-BASED ECONOMY: THE CASE OF UZBEKISTAN

The paper asks how intellectual capital relates to total factor productivity (TFP) in a knowledge-based economy and what the answer means for Uzbekistan. Intellectual capital is split into two complementary parts: human capital, in its quantity and quality dimensions, and research capital, measured by R&D intensity and a perpetual-inventory knowledge stock.

Hali tarjima qilinmagan