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Competitiveness of knowledge-based economies. Suggestion for measuring

Author

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  • Malgorzata Madrak-Grochowska

    (Nicolaus Copernicus University)

Abstract

The present paper focuses on a presentation of four pillars of knowledge, occurring as the sources of competitive advantage for knowledge-based economies, and on the construction of taxonomic measure for assessing competitiveness’ degree of 29 this type economies in 2000-2010. To build this taxonomic measure, author used 21 diagnostic variables representing four areas of knowledge-based economies’ competitiveness, i.e. the system of economic incentives and institutional regime, well educated and entrepreneurial society, the innovation system and the information and communication infrastructure. The results of these empirical analyses led to create rankings of knowledge-based economies’ competitiveness and led to the conclusion that in 2000-2010 the average level of knowledge-based economies’ competitiveness has grown steadily, and the scope of its volatility has been significantly reduced.

Suggested Citation

  • Malgorzata Madrak-Grochowska, 2013. "Competitiveness of knowledge-based economies. Suggestion for measuring," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 12(3), pages 357-370, September.
    • Handle: RePEc:cpn:umkeip:v:12:y:2013:i:3:p:357-370
    DOI: 10.12775/EiP.2013.027
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    More about this item

    Keywords

    knowledge-based economy; economy’s competitiveness; taxonomic methods;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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