Measuring the Knowledge Economy: A National and Organizational Perspective

Ramona Leon

Management Dynamics in the Knowledge Economy, 2017, vol. 5, issue 2, 227-249

Abstract: This article aims to analyze how the knowledge economy is measured and how different are the tools developed for this purpose. Since the research focuses on the "how" issues, a qualitative approach is employed. The analysis concentrates on three of the most frequently used tools for measuring a country's progress towards consolidating itself as a knowledge economy, namely: Knowledge Assessment Methodology, developed by World Bank, Lisbon Scorecard, elaborated by World Economic Forum, and Innovation Union Scoreboard, created by the European Union. Nevertheless, Kensho New Economies Composite Index - the newest instrument developed by Kensho Technologies - is brought forward. The results prove that the three most frequently used tools for measuring countries' progress towards consolidating themselves as knowledge economies have the same information capability while the newest tool emphasizes what is usually labelled as "intellectual capital", although it uses the phrase "Knowledge Economy". On the one hand, these results shed light on policy-makers' psychological need of measuring the intangible assets, and transforming the intangible into tangible. On the other hand, they highlight the need for redefining the concept of "knowledge economy" and establishing its pillars.

Keywords: education; innovation; knowledge economy; Lisbon Scorecard; Knowledge Assessment Methodology; Romania; European Union (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.managementdynamics.ro/index.php/journal/article/download/212/173 (application/pdf)
http://www.managementdynamics.ro/index.php/journal/article/view/212/173 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nup:jrmdke:v:5:y:2017:i:2:227-249

Access Statistics for this article

Management Dynamics in the Knowledge Economy is currently edited by Contantin BRATIANU, Florina PINZARU, Elena Madalina VATAMANESCU and Alexandra ZBUCHEA

More articles in Management Dynamics in the Knowledge Economy from College of Management, National University of Political Studies and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by Cristian-Mihai VIDU ().