scholarly journals Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries

2020 ◽  
Vol 12 (10) ◽  
pp. 4172 ◽  
Author(s):  
Elena Širá ◽  
Roman Vavrek ◽  
Ivana Kravčáková Vozárová ◽  
Rastislav Kotulič
Keyword(s):  
Knowledge Economy ◽  
Main Idea ◽  
Topsis Method ◽  
Eu Countries ◽  
Knowledge Based ◽  
Multi Criteria Evaluation ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Knowledge Economies ◽  
The Eu

In today’s turbulent world influenced by globalization, knowledge is becoming a key factor in the market. Every economy, if it wants to be successful and competitive, must pay more attention to knowledge and its creation, transfer, and preservation. In this respect, it is a key element in ensuring a country’s sustainable position in a competitive environment. Based on this, we set out the main idea of the article as follows: increased emphasis on the factors of a knowledge-based economy affects the growth of the country’s competitiveness, which contributes to its better sustainability. To verify the idea, we used a multi-criteria evaluation of countries by the TOPSIS method and a subsequent regression model. We examined developments in the EU countries over a period of 11 years in selected indicators typical for the knowledge economies, in the area of competitiveness. Finally, we examined the sustainability of EU countries. Based on the findings of these methods, we identified the leading country—Sweden—in the field of knowledge economy, competitiveness, and sustainability.

scholarly journals The Service Sector of a Knowledge-based Economy – a Comparative Study

2013 ◽  
Vol 4 (1) ◽  
pp. 53-64 ◽  
Author(s):  
Grażyna Węgrzyn
Keyword(s):  
Competitive Advantage ◽  
Service Sector ◽  
Service Industries ◽  
Study Objective ◽  
Knowledge Based ◽  
Stage Of Development ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
European Economies ◽  
The Eu

The study objective was identification of the service industries that determine the rate and lines of development of a knowledge-based economy. The analysis covered the EU member countries and the years of 2008-2012. This report consists of four sections. The first one provides the characteristics of a knowledgebased economy and describes the role of services sector in progressing towards this stage of development. The second section offers a classification of services that led to establishing the category of knowledge-based services. The industries classified as knowledge-based services contribute directly to the creation, processing and distribution of knowledge throughout an economy. The following part presents a division of the EU member economies into four groups, depending on their advancement towards the knowledge-based economy as defined by two indices: the Knowledge Economy Index (KEI) and the Knowledge Index (KI). The study concluded on empirical verification of the significance of knowledge-based services within individual European economies. In a knowledge-based economy, where knowledge is the key factor in gaining a competitive advantage, it is just the services related to knowledge acquisition, distribution and creation that drive the economic growth. The development level of service activities classified as knowledge-based services largely determines the economy’s performance in knowledge creation, distribution and use. This is so because these activities directly contribute to the economy’s competitive advantage based on knowledge.

EFFICIENCY OF INTELLECTUAL CAPITAL IN HOTEL BUSINESS∗

2009 ◽  
Vol 15 (1) ◽  
pp. 129-138
Author(s):  
Ante Pulić ◽  
Marko Kolakovic ◽  
Karmen Jelcic
Keyword(s):  
Intellectual Capital ◽  
Knowledge Economy ◽  
Business Practice ◽  
Business Success ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Strategic Goal

The strategic goal of Croatia is ”to become a knowledge-based economy and society." However, many companies, which includes hotels as well, still do not have any idea of how to cope with the challenges imposed by knowledge economy in everyday business practice. Therefore, it is vital that managers receive education on that matter, so that they can understand in which way economy is changing and how this effects them, why intellectual capital is becoming a key factor of business success and what they can do in order to create value and not destroy under the new circumstances. The Croatian IC Center has developed the PIENIC program and worked on its implementation with over 60 companies, private and state owned, from different sectors and regions.

From Freezing to Investing: New Approaches to Monetary and Currency Policies

2008 ◽  
pp. 47-55
Author(s):  
A. Nekipelov ◽  
Yu. Goland
Keyword(s):  
Economic Policy ◽  
Property Rights ◽  
Main Idea ◽  
State Intervention ◽  
Economic Thought ◽  
Human Potential ◽  
Knowledge Based ◽  
Russian Economy ◽  
Knowledge Based Economy

The appeals to minimize state intervention in the Russian economy are counterproductive. However the excessive involvement of the state is fraught with the threat of building nomenclature capitalism. That is the main idea of the series of articles by prominent representatives of Russian economic thought who formulate their position on key elements of the long-term strategy of Russia’s development. The articles deal with such important issues as Russia’s economic policy, transition to knowledge-based economy, basic directions of monetary and structural policies, strengthening of property rights, development of human potential, foreign economic priorities of our state.

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

scholarly journals CULTURE AS A FACTOR OF KNOWLEDGE ECONOMICS WITH PARADIGMATIC CHANGES IN SYSTEMIC INSTITUTIONAL CONTEXT

2018 ◽  
pp. 58-66
Author(s):  
GIVI BEDIANASHVILI
Keyword(s):  
Knowledge Economy ◽  
Industrial Society ◽  
Economic Science ◽  
Knowledge Based ◽  
Level Of Automation ◽  
Knowledge Based Economy ◽  
Agriculture Industry ◽  
Institutional Structures ◽  
Manufacturing Activity ◽  
High Level

In modern conditions it is important to develop a systemic and institutional concept of culture as a form of knowledge economy. In order to present a systemic concept of knowledge and culture in the formation of knowledge economy, I think the new meaning of paradigmatic and conceptual aspects of economic science is of particular importance. In addition, the systematic representation of the cognition process is particularly important. As shown by the practice of recent years, the main problems in the form of knowledge technology are solved, which will facilitate the improvement of the “cognitive” function of economic science and enhance its practical benefits. The modern stage of globalization is characterized by a number of specific peculiarities of post-dosystem development, which, in our view, is important to the development of knowledge-based economy (knowledge economy). It is noteworthy that globalization stems from adding global dimensional dimensions to the knowledge economy, such as resource-technological, informative, communicative and institutional structures. In addition, we think it is necessary to understand the knowledge of the knowledge economy. This makes it possible to develop culture with knowledge as a factor of forming a knowledge economy. According to the Postindustural Theory, the main resource of the post-denser economy is information and knowledge, the main type of manufacturing activity is the high level of automation of the production, the science of technologies used primarily from the main technologies, and various services are the most common types of economic activity. In industrial society, the field of agriculture, industry - Industry, Postindustry - determinants are already theoretical knowledge with universities, as a place of active and generating knowledge.

scholarly journals Dohodovne nejednakosti i redistributivne preferencije u Hrvatskoj i zemljama EU-a: makroanaliza

2021 ◽  
Vol 28 (2) ◽  
pp. 133-162
Author(s):  
Zoran Šućur
Keyword(s):  
Social Life ◽  
Social Protection ◽  
Aggregated Data ◽  
Eu Countries ◽  
Social Work Faculty ◽  
Income Inequalities ◽  
Key Factor ◽  
The Government ◽  
Almost All ◽  
The Eu

INCOME INEQUALITIES AND REDISTRIBUTIVE PREFERENCES IN CROATIA AND EU COUNTRIES: MACRO ANALYSIS Department of Social Work, Faculty of Law, University of Zagreb Zagreb, Croatia The paper analyses the relationship between income inequalities and redistributive preferences. The objectives have been: determine to which degree income inequalities are associated with redistributive preferences, which are the correlates of redistributive preferences on the macro level and which mechanisms of redistribution have been preferred by citizens in the EU countries. Aggregated data from two special Eurobarometer surveys (2010 and 2018) were used as the data source on redistributive preferences, while macro-statistical indicators were taken from the Eurostat database. Bivariate correlational analyses, linear regression and the cluster analysis were used for data processing. A general finding is that redistributive preferences are high in almost all EU countries. It seems that an increase of income inequalities is not the key factor of high redistributive preferences, but it is the perception of income inequalities and the sensitivity of citizens towards income inequalities. Citizens in the EU countries often incorrectly perceive the level of inequalities in society and their place on the income scale. The respondents from post-socialist countries have a larger “aversion” towards income inequalities and want a stronger role of the government in the redistribution and social life. Inhabitants of the EU countries support all key mechanisms of income redistribution (taxes, education, social protection and minimum wage), but they give the largest support to the tax system and the progressive taxation of the wealthy, while there are a lot of suspicions regarding fully free education. Key words: income inequalities, redistributive preferences, European Union, redistributive mechanisms, social justice.

Media Literacy, Co-Innovation, and Productivity

2017 ◽  
pp. 1397-1430
Author(s):  
Juan-Francisco Martínez-Cerdá ◽  
Joan Torrent-Sellens ◽  
Mônica Pegurer Caprino
Keyword(s):  
Literature Review ◽  
European Commission ◽  
Media Literacy ◽  
Knowledge Economy ◽  
Organizational Innovation ◽  
Business Environment ◽  
Positive Influence ◽  
Business Context ◽  
Knowledge Based ◽  
Knowledge Based Economy

This research analyzes the connections between media literacy and context of the knowledge economy, establishing a relationship between so-called co-innovative sources (ICT, organizational innovation and qualifications of employees) of the business environment and media literacy. It seeks to verify the behavior of media literacy as a co-innovative source, as fundamental as the three other ones to the viability and sustainability of companies. Authors start from a literature review related to media literacy and knowledge-based economy and then raise their own model that integrates the co-innovative sources and media literacy (the ‘Tetrahedron of Co-Innovative Sources') with which analyze media literacy in the business context. To verify the proposed relations, the research uses the Celot and Pérez Tornero's (2009) framework (proposed in the “Study on Assessment Criteria for Media Literacy Levels” delivered to the European Commission) with official statistical sources in Europe, returning results with which to test the hypothesis that a higher level of media literacy of citizens of a country has a positive influence on its companies and businesses.

Higher Education Institutions as Viable Systems

2020 ◽  
pp. 1-25
Author(s):  
Dejana Zlatanović ◽  
Verica Babić ◽  
Jelena Nikolić
Keyword(s):  
Higher Education ◽  
Conceptual Framework ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Viable Systems ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Viable System ◽  
Sustainable Economic Growth

In a knowledge-based economy, higher education institutions (HEIs) are a key factor in fostering innovation and play a central role in sustainable economic growth and development. Growing complexity of HEIs and their environments requires systemic, i.e. cybernetic approach to innovation. The chapter highlights the importance of introducing a cybernetic framework for innovativeness of higher education institutions by their examination in conceptual framework of organizational cybernetics (OC). The purpose is to demonstrate how viable system model (VSM) as a key methodological tool of OC can help understanding the viability and innovativeness of HEIs. In addition, higher education institutions are investigated in a conceptual framework of VSM through the case of the public higher education institution (HEI) in Serbia. The main contribution of the chapter is related to practical implications of presented framework including the strengths and weaknesses of a VSM application.

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