Knowledge-Based Economy – Driving Forces and Indicators

Authors

Keywords
knowledge-based economy; innovations; indicators

Summary
The idea for replacement of capital by knowledge as the main source of progress provides ground for the idea of “knowledge-based economy”. This is an economic system in which knowledge appears to be a dominating resource in the same way as – in a former period of development – capital outweighed the land as a source of economic power during the shift from pre-industrial to industrial society. The paper outlines several groups of indicators that typically identify the degree of development of the knowledge-based economy: employment structure (relative shares of employed by economic sectors and sub-sectors, along with the change in these shares), education level (access to relevant professional and higher education; relative share of expenditures for education -general and vocational- in GDP), R&D (researchers by scientific areas; investments in R&D as % of GDP; structure of R&D funding, particularly the share of private funding), etc.

JEL: D83, O32
Pages: 18
DOI: 

More titles

  • Theoretical and Practical Aspects of Omnichannel Retailing

    This article focuses on the essence of omnichannel retailing. The author explains the benefits of omnichannel retailing from the viewpoint of the consumers and from the viewpoint of the retailers. The claim is supported that the integration of „brick and mortar” and digital channels to reach end customers as a retail development strategy favors ...

  • Analysis of the Elements of Organisational Culture of “Multiprofile Hospital for Active Treatment – Veliki Preslav”

    The article is presenting a survey on the organisational culture elements in “Veliki Preslav” MHAT. The information is gathered from employees of the healthcare institution through questionnaires. The prevalent opinion is of strong organisational culture which creates and develops generally accepted behaviour values and norms. The organisation has ...

  • Economic Efficiency Due to Improvements in the Road Infrastructure of the Transport Corridors on the Territories of the Republic of Bulgaria

    In the present study economic efficiency for users of road infrastructure in its building in directions of the land trans European transport corridors in the territory of the country. For the purpose shall be calculated the potential savings in operating costs, by using the method of the scenarios. In the case of the first variant road ...