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The Knowledge-Based Economy As A Stage In The Development Of The Economy

Author

Listed:
  • Malgorzata Madrak-Grochowska

    (Nicolaus Copernicus University)

Abstract

The major objective of this article to attempt to show the model of a knowledge-based economy (KBE) as a stage in social, economic and institutional transformation, which has already been reached by highly developed economies. The research problem considered is examined against the background of the concepts A. Toffler’s waves of civilization and, J.A. Schumpeter’s waves of innovation with the use of the elements of historical and comparative analyses. The introduction outlines the context, objectives and the reasons for taking up the topic. The main part of the article presents the process of the evolution of the economy from a model of the agrarian economy, through the industrial and service-based economies to the knowledge-based economy and describes in detail the three stages of advancement of the knowledge-based economy with corresponding metrics. The last paragraph of the article presents the conclusions drawn from the analyses.

Suggested Citation

  • Malgorzata Madrak-Grochowska, 2015. "The Knowledge-Based Economy As A Stage In The Development Of The Economy," Oeconomia Copernicana, Institute of Economic Research, vol. 6(2), pages 7-21, June.
    • Handle: RePEc:pes:ieroec:v:6:y:2015:i:2:p:7-21
    DOI: 10.12775/OeC.2015.009
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    Citations

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    Cited by:

    1. Vladimir Vladimirovich Maltsev & Andrei Yurievich Yudanov, 2023. "Toward a Demsetzian Knowledge Theory," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1371-1385, June.
    2. Balcerzak Adam P. & Pietrzak Michał Bernard, 2016. "Quality of Institutions and Total Factor Productivity in the European Union," Statistics in Transition New Series, Polish Statistical Association, vol. 17(3), pages 497-514, September.
    3. Michal Hrivnák & Katarína Melichová & Mária Fáziková & Oľga Roháčiková, 2019. "University graduates, knowledge spill-overs and localization of knowledge intensive ventures - case of post-socialistic country," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 146-165, September.
    4. Adam P. Balcerzak & Michal Bernard Pietrzak, 2016. "Dynamic Panel Analysis of Influence of Quality of Human Capital on Total Factor Productivity in Old European Union Countries," Working Papers 19/2016, Institute of Economic Research, revised May 2016.
    5. Adam P. Balcerzak & Michał Bernard Pietrzak, 2015. "Quality of Institutions for Global Knowledge-based Economy and Convergence Process in the European Union," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 42.
    6. A. Hariharasudan & Sebastian Kot, 2018. "A Scoping Review on Digital English and Education 4.0 for Industry 4.0," Social Sciences, MDPI, vol. 7(11), pages 1-13, November.
    7. Adam P. Balcerzak, 2016. "Technological Potential of European Economy. Proposition of Measurement with Application of Multiple Criteria Decision Analysis," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(3), pages 7-17.
    8. Michał Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Institutions and Total Factor Productivity in the European Union," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 17(3), pages 497-514, September.
    9. Michal Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Human Capital and Total Factor Productivity in New European Union Members States," Working Papers 23/2016, Institute of Economic Research, revised May 2016.
    10. Juchniewicz Małgorzata & Łada Magdalena, 2022. "Competitive potential vs. the competitive position of the high-tech sector in European Union countries," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 58(4), pages 371-380, December.
    11. Zulma Medina-Rivera & Segundo Castro-Gonzales & Jose C. Vega Vilca, 2017. "Knowledge, Skills, And Other Individual Characteristics Of Academic Researchers," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 10(1), pages 79-98.

    More about this item

    Keywords

    knowledge-based economy; A. Toffler’s waves of civilization; J. A. Schumpeter’s waves of innovation;
    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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