derived come from responses to questions about how much firms pay to train workers and about the opportunity cost of that time. Corrado noted that depreciation also has to be taken into account. If the process is modeled, one may observe very short lives for knowledge capital.



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement