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Knowledge economy and innovation

Daniele Schiliro' ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents an examination of the knowledge economy, its nature, evolution, and defining features. Such an economy relies on increasing specialization, research, innovation, and continuous learning. Innovation constitutes a fundamental dimension of the knowledge economy; hence, it emerges as the second central theme of this analysis. The findings indicate that the capacity of companies to innovate depends on several factors, including the availability of sufficient human capital with appropriate levels of education and advanced skills, the presence of robust infrastructure, and the role of institutions. In particular, the innovation ecosystem—where stakeholders interact and collaborate—together with the regulatory and legislative framework, serves to foster and sustain innovation.

Keywords: knowledge economy; knowledge; learning; networks; innovation, technological progress; competitiveness (search for similar items in EconPapers)
JEL-codes: D83 L1 O30 O32 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-cse, nep-ino, nep-knm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126380

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