Are bio-economy dimensions new stream of the knowledge economy?

Author(s):  
Elsadig Musa Ahmed

Purpose The purpose of this paper is to explain bio-economy dimensions as a new stream of knowledge-based economy that exists in the new era of the information and communications technology. Design/methodology/approach Bio-economy refers to the production of a wide range of goods and services from plant, animal and forest-based material. It is more than just grain-based bio-fuels or bio-diesel as extensively highlighted in Latin America. It is related to biotechnology and other bio-activities based on knowledge generated from the bio-activities and extension of the knowledge-based economy. Findings The main concern of developing bio-economy is the environmental damage caused through the undesirable output produced by the bio-economy activities. Bio-economy is centred on research and development (R&D) collaborations across different sectors, including the public and private sectors, in order to breakthrough new products through invention and innovation. Originality/value For bio-economy to be realised and put into practice, it should have a well-developed regulatory framework as a platform in order to run and work smoothly.

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abbas Koolivand ◽  
Mahdi Salehi ◽  
Meysam Arabzadeh ◽  
Hassan Ghodrati

Purpose This paper aims to assess the relationship between a knowledge-based economy and fraudulent financial reporting. Design/methodology/approach The study is descriptive-correlation based on published information from enlisted firms on the Tehran Stock Exchange during 2013–2019 with a sample of 178 firms (1,246 observations). The method used for hypothesis testing is linear regression using the panel data. Findings The results show that a knowledge-based economy is associated negatively and significantly with financial reporting. Moreover, robust testing has also examined the hypotheses (including fixed effects, OLS and t + 1) that confirmed the study’s preliminary results. Originality/value As the study was carried out in the emergent financial markets, like Iran, to figure out the relationship between knowledge-based economy and financial reporting, it can provide helpful information for the practitioners in this field.


2019 ◽  
Vol 14 (1) ◽  
pp. 31-48 ◽  
Author(s):  
Mohsen Ahmadi ◽  
Rahim Taghizadeh

Purpose The purpose of this paper is to focus on modeling economy growth with indicators of knowledge-based economy (KBE) introduced by World Bank for a case study in Iran during 1993-2013. Design/methodology/approach First, for grouping and reducing the number of variables, Tukey method and the principal component analysis are used. Also for modeling, 67 per cent of data is used for training in the two approaches of ARDL bounds testing and gene expression programming (GEP) and 33 per cent of them for testing the models. Then, the result models are compared with fitness function and Akaike information criteria (AIC). Findings The GEP model with fitness 945.7461 for training data and 954.8403 for testing data from 1000 is better than ARDL bounds testing model with fitness 335.5479 from 1000. In addition, according to model comparison tools (AIC), the GEP model has an extremely larger weight in comparison with ARDL bounds model. Therefore, the GEP model is introduced for future use in academia. Practical implications Knowledge and information is one of the most basic sources of wealth in economists’ sight. Thus, using KBE indicators appears essential in economic growth regarding daily progress in knowledge processes and its different theories. It is also extremely important to determine an appropriate model for KBE indicators which play a highly important role in the allocation of the economic resources of the country in an optimal manner. Originality/value This paper introduced a novel expression for economy growth using KBE indicators. All the data and the indicators are extracted from Word Bank service between 1993 and 2013.


2017 ◽  
Vol 8 (3) ◽  
pp. 375-386 ◽  
Author(s):  
Kalin Hristov

Purpose The purpose of this paper is to analyze and determine the best course of action for policymakers in China when dealing with the implementation of best practices for the internet of things (IoT). The recently introduced Internet Plus strategy is an attempt by Chinese policymakers to boost the Chinese economy by diminishing its reliance on manufacturing and export in favor of a knowledge-based economy driven by services and the tech sector. The IoT is arguably one of the key drivers behind this transformation. Design/methodology/approach This paper conducts an analysis of existing literature on the IoT and uses two complimentary theories, resource-based view and dynamic capabilities theory, to determine a set of policy recommendations. Findings A cooperative relationship between policymakers, start-up firms and academia is essential to the success of the IoT. The artificial intelligence industry also plays a key role in the development of the IoT and requires strategic funding and favorable policy. Finally, established and cost-effective standards and practices are much more likely to be effective than new and costly alternatives. Originality/value This paper examines the newly established field of the IoT and sets out a number of policy recommendations needed for its success. To achieve this, the author uses two complimentary theories unique to the business management field but increasingly compatible with the Chinese public policy sector.


Author(s):  
Aurelija Čižauskaitė-Butkaliuk

In this century the management of the country is in a dynamic, multiplicity and controversial environment. For their competitiveness is necessary to look for the interaction between the knowledgebased economy and the sustainable development. A strong correlation between those objects.forces scientists to analyze, create new evaluation methodologies. The aim of this study – to examine the role of importance between knowledge–based economy and sustainable development, create and calculate an integrated sustainable knowledge–based economy index of Lithuania and according to the results or research, make proposes for more effective development of Lithuania’s sustainable knowledge–based economy. The index consists of Socio-economic, environmental, innovation, human resources and information and communications technology sub–indices..The calculation showed that the development of a knowledge–based economy is not sustainable, because not all the development of sub–indices.is the same. The biggest positive changes taking place in information and communication technology, and negative – socio-economic areas. The sustainable development of the knowledge–based economy in Lithuania since 2010 is growing up.


Malaysia was one of the early adopters of Internet technology to steer innovation policy in a direction that is making the country become a knowledge-based economy. This notion of knowledge-based economy driven by ICT is best exemplified by the borderless connectivity, interactivity, and networking. Since the middle of 1990s, there have been gradual but systematic public and private sector initiatives towards ICT agenda with the prominent role of the state. This chapter aims to unpack ICT developments and examine the implications of the post-MSC formation for Malaysia and its associated issues and challenges. Second, the discussion provides an overview of MSC performance and its importance for enhancing growth, trade, and investment; reducing the digital gap; nurturing innovation; and achieving more inclusive societies. Third, some issues and challenges in MSC development are also highlighted.


Author(s):  
Sherif H. Kamel ◽  
Nagla Rizk

Digital technology, artificial intelligence, the internet of things, and innovative technology applications are gradually transforming businesses and governments in emerging markets making them more competitive and offering opportunities for economic growth and prosperity. This chapter demonstrates Egypt's potential to enable a knowledge society through the deployment of emerging technology tools and applications across different sectors of the society. The chapter analyzes the critical success factors that are necessary for the realization of a digitally driven society where information is seamlessly exchanged for the optimal utilization of resources for decision-making purposes at the government, public, and private sector levels. The chapter highlights the need for the formulation of a nation-wide entrepreneurial ecosystem that promotes a tech-startup culture that can effectively contribute to transforming the society by enabling inclusion, universal access to the internet, more diversified educational opportunities and a comprehensive and conducive environment to development.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tarek Ben Hassen

PurposeThe purpose of this paper is to examine the current state of the knowledge-based economy in two distinctive case studies in the Arab World: Qatar and Lebanon. Based on five aspects of the knowledge-based economy namely: ICT, human capital and education; innovation, entrepreneurship, and economic and institutional regime, we provide a careful view of the obstacles and challenges that Qatar and Lebanon are facing and how this is hindering their transformation to a knowledge-based economy.Design/methodology/approachThe methodology of this research is based on a literature review and information collected through semi-structured interviews with the different stakeholders of the knowledge-based economy in Qatar and Lebanon.FindingsThe research reveals that numerous factors shape the knowledge-based economy in Qatar and Lebanon. In Qatar, the main strength of the knowledge-based economy is the determination of the Qatari government to diversify the economy and the main weaknesses are the shortage of qualified human resources, the fear of failure and the low performance of the innovation system. In Lebanon, the knowledge-based economy is driven by the education system and the entrepreneurship culture, nevertheless the political instability of the country and the weak ICT infrastructure impede its development.Originality/valueThese findings contribute to the clarification and critical analysis of the current state of the knowledge-based economy in Qatar and Lebanon, which would have several policy implications.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nahid Dorostkar-Ahmadi ◽  
Mohsen Shafiei Nikabadi ◽  
Saman babaie-kafaki

Purpose The success of any organization in a knowledge-based economy depends on effective knowledge transferring and then proper use of the transferred knowledge. As is known, optimizing the knowledge transferring costs in a product portfolio plays an important role in improving productivity, competitive advantage and profitability of any organization. Therefore, this paper aims to determine an optimal product portfolio by minimizing the konlwedge transferring costs. Design/methodology/approach Here, a fuzzy binary linear programming model is used to select an optimal product portfolio. The model is capable of considering the knowledge transferring costs while taking into account the human-hours constraints for each product by a fuzzy approach. Using fuzzy ranking functions, a reasonable solution of the model can be achieved by classical or metaheuristic algorithms. Findings Numerical experiments indicate that the proposed fuzzy model is practically effective. Originality/value The contributions of this work essentially consist of considering knowledge transferring costs in selecting an optimal product portfolio and using the fuzzy data which make the model more realistic.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings In a competitive business world, knowledge has become an invaluable asset. The transfer and creation of knowledge between employees is essential for improving team performance and achieving organizational goals. An important contributing factor for knowledge sharing is emotional intelligence; the ability to identify, manage and control emotions in oneself and in others. This leads to increased positive relationships and decreased team conflict. Increased emotional intelligence leads to increased collaboration and sharing of knowledge. Team working is more successful, leading to increased team performance. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.


2015 ◽  
Vol 35 (6) ◽  
pp. 925-945 ◽  
Author(s):  
Mervi Vähätalo ◽  
Tomi Juhani Kallio

Purpose – The purpose of this paper is to analyse the way in which the factors influencing a transformation towards or away from modularity, according to general modular systems theory, appear in the context of health services, and the extent to which the special characteristics of health services might support or prevent its application. Design/methodology/approach – The arguments constructed in the study are based on the theme of modularity, reflected against the special characteristics of health services identified in the context of health economics. Findings – The results include 11 proposition pairs that direct health services both towards and away from modularity. Research limitations/implications – Health services are highly heterogeneous in nature and the authors illustrate this with a wide range of examples from elderly care as the authors discuss the application of modularity in this context. Nevertheless, the authors recognise that modularity might suit some health services better than others. The findings provide potentially important information to health service managers and providers, enabling them to understand how modularity would benefit health service provision and where contradictions are to be expected. Originality/value – This study contributes to the discourse on service modularity in general, and complements the literature on modularity with reference to both public and private health services.


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