The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union

2007 ◽  
Vol 4 (2) ◽  
pp. 65-85 ◽  
Author(s):  
Stelios Karagiannis
Keyword(s):  
Economic Growth ◽  
European Union ◽  
The European Union ◽  
Knowledge Based ◽  
Knowledge Based Economy

INNOVATION, PATENTS AND ECONOMIC GROWTH

2007 ◽  
Vol 11 (02) ◽  
pp. 279-297 ◽  
Author(s):  
RIFAT A. ATUN ◽  
IAN HARVEY ◽  
JOFF WILD
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Competitive Advantage ◽  
Life Sciences ◽  
The European Union ◽  
Enterprise Value ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Us ◽  
The Eu

Empirical evidence demonstrates the value of intellectual property (IP) in creating economic growth, enhancing productivity and profitability, and increasing enterprise value. Research and Development (R&D) intensive industries, such as the life sciences, where patents are critical to competition, need an enabling environment to institutionalise innovation and IP generation and reward investments in IP. The US has approached IP strategically and created an IP infrastructure. Japan aims to develop into an "IP nation". China has an increasingly well-developed IP system. In contrast, the European Union (EU), which aims to become the world's leading knowledge-based economy, has a fragmented and expensive system of national patents. It lacks an environment which values investment in IP generation and management. Until recently, the EU enjoyed global competitive advantage in the life sciences, but this advantage has been lost. To regain this competitive advantage the EU must invest substantially in R&D, IP generation and commercialisation of these outputs.

scholarly journals EUROPEAN UNION MEMBER STATES PREPARING FOR EUROPE 2020. AN APPLICATION OF THE MULTIMOORA METHOD

2012 ◽  
Vol 18 (4) ◽  
pp. 567-587 ◽  
Author(s):  
Willem Karel M. Brauers ◽  
Alvydas Baležentis ◽  
Tomas Baležentis
Keyword(s):  
European Union ◽  
Union Member ◽  
The European Union ◽  
Ordinal Numbers ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Europe 2020 ◽  
2010 Target ◽  
European Union Member States ◽  
Multimoora Method

It is the intention of the European Union to create a growing and sustainable European economy by 2020, a much more moderate target than the 2010 target of becoming the most competitive and dynamic knowledge-based economy in the world. This intention has to be supported by an adequate Optimization and Decision Support System. Therefore, MULTIMOORA is proposed. MULTIMOORA is a quantitative method, which compares multiple and optimum objectives, expressed in different units, as much as possible on a non-subjective basis. In opposition to similar methods MULTIMOORA does not need normalization, being based on dimensionless measures. Importance of an objective can eventually be given by the stakeholders concerned. MULTIMOORA is composed of three approaches: Ratio System, Reference Point and Multiplicative Form Methods, all of the same importance and each controlling each other. Twenty two objectives, 10 originating from statistics and 12 from statistics and forecasts, important for the future, characterize the 27 EU-Countries economies as a preparation for 2020. Which of these countries are the best prepared for 2020? A Dominance Theory, summarizing the three obtained ordinal numbers per country, ranks the 27 countries for that purpose.

scholarly journals Innowacyjnoœść polskich przedsiębiorstw na tle Unii Europejskiej

2008 ◽  
Vol 4 ◽  
pp. 110-118
Author(s):  
Paweł Mielcarek
Keyword(s):  
European Union ◽  
Significant Role ◽  
The European Union ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Eu

One of the most crucial factors of development of a knowledge-based economy is the innovativeness of enterprises, which leads to the growth the competitiveness of firms and econo-mies. The main goal of the article is to examine the innovativeness of Polish enterprises againstthe backcloth of the European Union and relation of innovativeness and development of knowledge-based economy. According to a study carried out by Eurostat (CIS 4) in the years 2002–-2004, the chief source of innovation in Poland and the entire European Union is enterprises’ inhouse research. A much less significant role is played by higher schools and public R&D units.Polish enterprises are below the EU average, both in terms of the proportion of firms engaged ininnovative activity and the proportion of those which have applied for patents.

scholarly journals E.U.’s Strategy of Building a Knowledge Economy

2012 ◽  
Author(s):  
Roxana Mironescu ◽  
Andreea Feraru
Keyword(s):  
European Union ◽  
Knowledge Economy ◽  
The European Union ◽  
European Policy ◽  
Social Success ◽  
Knowledge Based ◽  
Strategic Objective ◽  
Knowledge Based Economy ◽  
Priority Action

The European Union strategy for building knowledge-based economy includes a set of objectives, priority action areas, targets and measures to guide European policy for growth and employment. The European Union strategic objective is to become the most competitive and dynamic knowledge-based economy.<br />In many fields of activity, economic too, knowledge is an important source of power, or, in other words, one of the main instruments of economic and social success. Knowledge must always be associated with mastering and anticipating changing phenomena and to the<br />everywhere challenges.

scholarly journals Developing a Knowledge-Based Economy as a Factor to Raise The Competitiveness of The Serbian Economy

2015 ◽  
Vol 53 (2) ◽  
pp. 185-210
Author(s):  
Milorad Filipović ◽  
Miroljub Nikolić ◽  
Vojislav Ilić
Keyword(s):  
European Union ◽  
International Competitiveness ◽  
Added Value ◽  
High Tech ◽  
Domestic Economy ◽  
The European Union ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The World

Abstract The most developed and most competitive countries today (including the leading countries of the European Union) are so-called “knowledge-based economies”, where knowledge, information and highly sophisticated skills play an important role in the development of the business and public sector. Knowledge and technology are becoming ever more complex, participation in knowledge-based economic activities is significantly increased (high-tech production and knowledge-based services), and connecting companies in these areas with private and public institutions facilitates development and the successful application of new innovations, thus raising the level of competitiveness of companies, industries and the country as a whole. In the last few years, rapid growth in the international trade of high-tech products and knowledge-based services has significantly changed a large number of countries’ international competitiveness. These trends show that creating, implementing and commercializing new technology and knowledge facilitates the development of high-tech products and knowledge-based services, which have become an important source of increasing productivity and manufacturing and export competitiveness. Thus high-tech sectors have become an important source of high added value and well-paid jobs, plus sustainable economic growth and global competitiveness. According to the World Economic Forum’s competitiveness rankings, Serbia is 95th out of 144 countries and is in the group of the 33 countries whose competitiveness is efficiency-driven. The achieved level of competitiveness of the domestic economy and the achieved level of economic development (Serbia is 75th in the world for GDP per capita in dollars) points to low productivity in the use of available (human, capital, financial, etc.) resources accompanied by high current spending, which is not a situation that is sustainable in the long-term. The research starts from the assumption that the development of high-tech- and knowledge-based activities plays a significant role in strengthening the competitiveness of the economy. A comparative analysis examines the link between the lagging Serbian economy in terms of competitiveness and the slower development of a knowledge-based economy, compared to the most highly developed European countries and selected countries in the region. A structural analysis and comparison of the most important business indicators (employment, productivity and added value) of high technology and knowledge-based companies shows the development and basic characteristics of the knowledge-based economy in Serbia and the macro-competitive position of Serbia compared to the leading and neighboring European Union countries. The paper also identifies the most important factors of developing a knowledge-based economy in Serbia, which needs to be improved to facilitate significant development of high-tech and knowledge-based activities as the basis for the future competitiveness of the domestic economy. The final objective of the paper is to point out the need for more substantial and faster development of a knowledge-based economy as a prerequisite for achieving long-term international competitiveness and sustainable development of the Serbian economy.

scholarly journals CREATION OF KNOWLEDGE - BASED ECONOMY IN THE EUROPEAN UNION: THE MAIN TYPICALITIES AND NEW IDEAS OF CLUSTERIZATION

2005 ◽  
Vol 6 (2) ◽  
pp. 87-100 ◽  
Author(s):  
Borisas Melnikas
Keyword(s):  
European Union ◽  
Technological Advancement ◽  
Regional Economies ◽  
The European Union ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Main Emphasis ◽  
Whole Space ◽  
New Ideas ◽  
Economic Specialization

Possibilities for the development of new forms of economic, social and technological headway designed to create and further improve economies based on knowledge are analyzed here. The main emphasis is put on national and regional economic specialization and creation of new networks of clusters in the situation of the development of the European Union. We have found that clusterization oriented towards the increase of efficiency of various national and regional economies is a critical precondition for successful creation of modern economy based on knowledge, both in the whole space of the European Union and particular countries. Another idea - a concept of creation of regional and cross-regional clusters and their networks also known as ,,economic oazes"‐ is suggested here. It is explained in the paper that in the economies based on knowledge development of clusters and their networks will soon become one of the core forms of economic and technological advancement.

Reproducing Dependency

2011 ◽  
pp. 599-615 ◽  
Author(s):  
Haluk Geray ◽  
Funda Basaran Özdemir
Keyword(s):  
European Union ◽  
World Bank ◽  
Policy Formation ◽  
The European Union ◽  
Policy Documents ◽  
Knowledge Based ◽  
The World Bank ◽  
Knowledge Based Economy ◽  
The World ◽  
Dependency Relations

Although many critical scholars in the West have acknowledged the unequal distribution of power across the globe, few have attempted to undertake systematic research on how countries in the periphery are drawn into the neo liberal project of globalization under the discourse of Knowledge Based Economy (KBE) and how this process effects policy formation regarding ICTs. The purpose of this chapter is to analyze Knowledge Based Economy (KBE)/Information Society (IS) discourses in constructing global dependency relations on ICT policies within the context of Turkey. These dependency relations have many aspects including a discursive one. In this study, the focus will be on policy documents to better understand the overall discourse, social processes and structures which have been reflected in, represented and constructed or constituted by this discourse to theorize and transform. Four documents were selected as representing the hegemonic center, one produced by the World Bank and three policy documents from the European Union. Additionally three documents which represent the Turkey context were selected. Upon examination two documents were found to be counter hegemonic and the other supported the hegemonic visions of the World Bank and the European Union. Turkey has signed a number of stand-by agreements with the IMF/World Bank due to economic crisis over the last twenty years and Turkey’s bid to become a full member of the European Union necessitated alignment of legal infrastructure and domestic policies. The chapter also explains how the dependent discourses reversed ICT and network policy formation based on local capabilities and local needs.

scholarly journals Implementation of the Lisbon Strategy Targets at the Regional Level in the EU and Slovenia

2014 ◽  
Vol 8 (1-2) ◽  
Author(s):  
Aleksander Aristovnik ◽  
Andrej Pungartnik
Keyword(s):  
European Union ◽  
Regional Level ◽  
The European Union ◽  
Lisbon Strategy ◽  
Monitoring Method ◽  
Eu Member States ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Time Distance ◽  
The Eu

In 2000, the European Union set itself a target in the Lisbon Strategy to become the most dynamic, competitive and knowledge-based economy in the world in ten years, whereas during the mid-term review, which was held five years later, it redefined its two main objectives: creation of new and better jobs and achievement of stronger, lasting economic growth. This paper aims to study the current situation in the European Union and Slovenia regarding the implementation of the targets of the renewed Lisbon Strategy. The analysis focuses on establishing at what stage the EU is in the attainment of its goals and how successfully it has implemented the strategy at the regional level of the EU Member States. The basic tools in the analysis included the time-distance monitoring method and a presentation of the time lead or lag in the implementation of the selected Lisbon Strategy targets at the NUTS 2 regional level of the enlarged EU and Slovenia.

scholarly journals Rola przemysłu w gospodarce układów regionalnych Unii Europejskiej

2009 ◽  
Vol 14 ◽  
pp. 31-42
Author(s):  
Tomasz Rachwał ◽  
Krzysztof Wiedermann ◽  
Wioletta Kilar
Keyword(s):  
European Union ◽  
Industrial Development ◽  
Economic Transformation ◽  
Added Value ◽  
The European Union ◽  
Knowledge Based ◽  
Regional Systems ◽  
Knowledge Based Economy ◽  
New Development ◽  
European Industry

The aim of the paper is to present the role of industrial activity in the economy of European Union regional systems, with a special reference to Poland, measured by the employment rate and gross added value. Defining the range of influence of regional industry should allow us to define the places of accumulation of new development advantages, which is important from the perspective of the development of these areas. To assess the recent changes in the space of European industry in regional systems, a dynamic analysis of the discussed processes was carried out, covering the period of economic transformation of the Central and Eastern Europe countries and their integration with the European Union. To analyze the function of industry in the development of knowledge-based economy, the authors identified the relationship between the amount of investment in industry and the potential employees in research and development activities. The authors also attempt to assess the suitability of various measures of industrial development to determine their role in regional economic systems in the conditions of intensifying processes of globalization and European integration.

Sign in / Sign up

Export Citation Format

Share Document