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Knowledge-Based Economy in Argentina, Costa Rica and Mexico: A Comparative Analysis from the Bio-Economy Perspective

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  • Ana Barbara MUNGARAY-MOCTEZUMA

    (School of Economics and International Relations, Autonomous University of Baja California)

  • Sylvia Monica PEREZ-NUÑEZ

    (School of Economics and International Relations, Autonomous University of Baja California)

  • Santos LOPEZ-LEYVA

    (School of Economics and International Relations, Autonomous University of Baja California)

Abstract

The objective of this article is to determine the necessary institutional characteristics of technology and human capital in Argentina, Costa Rica and Mexico in order to evolve towards a knowledge-based economy, addressing the importance of institutions for their development. In particular, the knowledge-based economy is analyzed from the perspective of bioeconomics. Based on the Knowledge Economy Index (KEI) which considers 148 indicators, in the following categories: a) economic performance and institutional regime; b) education and human resources, c) innovation, and d) information and communication technologies, we selected 13 indicators. We aim to identify the strengths and opportunities for these countries in order to meet the challenges that arise from the paradoxes of technological progress and globalization. In this sense, bioeconomy is approached as part of the economy. This analysis shows, among other things, that Argentina has greater potential to compete in an economy sustained in the creation and dissemination of knowledge, while Costa Rica has an institutional and regulatory environment that is more conducive to the development of business activities, and Mexico faces significant challenges regarding its institutional structure, economic performance and human resources.

Suggested Citation

  • Ana Barbara MUNGARAY-MOCTEZUMA & Sylvia Monica PEREZ-NUÑEZ & Santos LOPEZ-LEYVA, 2015. "Knowledge-Based Economy in Argentina, Costa Rica and Mexico: A Comparative Analysis from the Bio-Economy Perspective," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(2), pages 213-236, June.
    • Handle: RePEc:nup:jrmdke:v:3:y:2015:i:2:p:213-236
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    Cited by:

    1. Oguntuase Oluwaseun James, 2020. "Bioeconomy for Sustainable Development in Africa – State of Production Determinants and Future Directions," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(1), pages 1-14, March.
    2. Marcelo Sili & Jochen Dürr, 2022. "Bioeconomic Entrepreneurship and Key Factors of Development: Lessons from Argentina," Sustainability, MDPI, vol. 14(4), pages 1-28, February.
    3. Lisa Biber-Freudenberger & Amit Kumar Basukala & Martin Bruckner & Jan Börner, 2018. "Sustainability Performance of National Bio-Economies," Sustainability, MDPI, vol. 10(8), pages 1-20, August.

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