The Effects of Knowledge on the Economic Development: Theoretical Retrospectives

Vadim Dumitrascu () and Roxana Arabela Dumitrascu ()
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Roxana Arabela Dumitrascu: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 4, 52-55

Abstract: From the historical point of view, every modality of creating the economic value is based on a certain type of scientific and technical knowledge, which is favoured by certain "environments of learning and knowledge". The leaps in productivity are caused by radical mutations in matters of knowledge, which is relevant to the processes that generate economical values. This relevant knowledge is, by its own nature, a collective knowledge. The relevant knowledge’s characteristic of being a common asset and the positive externalities which result from it constitute the factor that triggers the development. The economic analysis gradually incorporated and synthesized, on the basis of some consecutive generations of theories, the impact of knowledge on the evolutional processes from economy.

Keywords: Knowledge; intangible capital; increasing efficiencies; technological development; innovation (search for similar items in EconPapers)
JEL-codes: D83 F63 (search for similar items in EconPapers)
Date: 2013
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