IDEAS home Printed from https://ideas.repec.org/a/rom/rmcimn/v21y2020i2p265-279.html
   My bibliography  Save this article

The Knowledge-Based Economy: Evolution of Research and Stage of Development in Europe and Romania

Author

Listed:
  • Cătălina Florentina ALBU

    (The Bucharest University of Economic Studies)

  • Ștefan Cătălin POPA

    (The Bucharest University of Economic Studies)

  • Cezar Petre SIMION

    (The Bucharest University of Economic Studies)

Abstract

The knowledge-based economy represents a consequence of technological and informational progress. The performances of the economies have lately depended on the way in which knowledge is capitalizing, and also on the innovation degree and the efficiency of information flows. The present paper aims to identify the importance, characteristics and main elements of the knowledge-based economy, but also the evolution of scientific research conducted in the field of knowledge-based economy in the last 15 years. At the same time, the study aims to identify the development stage of the knowledge-based economy in Europe, and also following the particular case of Romania. The study also presents the connections of the knowledge-based economy with the RDI system and the transfer of new technologies. The knowledge-based economy has proven to be a relatively new concept, and the resources and implications of this new economy have not yet been exhausted. Regarding the development stage of the knowledge-based economy in different European countries, the differences are significant, some countries being far from capitalizing on knowledge, because they do not invest enough in development, research and innovation process.

Suggested Citation

  • Cătălina Florentina ALBU & Ștefan Cătălin POPA & Cezar Petre SIMION, 2020. "The Knowledge-Based Economy: Evolution of Research and Stage of Development in Europe and Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(2), pages 265-279, May.
    • Handle: RePEc:rom:rmcimn:v:21:y:2020:i:2:p:265-279
    as

    Download full text from publisher

    File URL: https://www.rmci.ase.ro/no21vol2/11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cader, Hanas A., 2008. "The Evolution of the Knowledge Economy," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-13.
    2. Daniele Archibugi & Alberto Coco, 2005. "Is Europe Becoming the Most Dynamic Knowledge Economy in the World?," Journal of Common Market Studies, Wiley Blackwell, vol. 43(3), pages 433-459, September.
    3. Sebastian Ion CEPTUREANU & Eduard Gabriel CEPTUREANU & Alina TUDORACHE & Filip ZGUBEA, 2012. "Knowledge Based Economy Assessment in Romania," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 70-87, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eduard-Gabriel CEPTUREANU, 2016. "Implications of Managerial Reengineering on Change Management," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 164-172, May.
    2. repec:bla:jcmkts:v:46:y:2008:i::p:787-825 is not listed on IDEAS
    3. Luigi Aldieri & Jonas Grafström & Concetto Paolo Vinci, 2021. "The Effect of Marshallian and Jacobian Knowledge Spillovers on Jobs in the Solar, Wind and Energy Efficiency Sector," Energies, MDPI, vol. 14(14), pages 1-16, July.
    4. Alka obadić & Sanja Porić, 2008. "The coordination between education and employment policies," EFZG Working Papers Series 0802, Faculty of Economics and Business, University of Zagreb.
    5. Marijk van der Wende, 2009. "European Responses to Global Competitiveness in Higher Education," University of California at Berkeley, Center for Studies in Higher Education qt718832p2, Center for Studies in Higher Education, UC Berkeley.
    6. Sebastian-Ion Ceptureanu, 2016. "Critical Success Factors For Infrastructure European Funded Projects," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 888-898, July.
    7. Liviu Bogdan VLAD & Adrian Lucian KANOVICI & Gheorghe VLASCEANU, 2015. "European Funds And The Development Of Tourism In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 1098-1105, November.
    8. Hanas A. Cader & John C. Leatherman, 2012. "Growth of the Knowledge-based Economy in a Two-person Non-cooperative Game," Chapters, in: Knut Ingar Westeren (ed.), Foundations of the Knowledge Economy, chapter 3, Edward Elgar Publishing.
    9. Werner Hölzl, 2006. "Cohesion and Excellence. Two ways to a better Europe?," WIFO Studies, WIFO, number 28810.
    10. Eduard Gabriel Ceptureanu, 2016. "How To Enhance Entrepreneurship In Universities. Bucharest University Of Economic Studies Case Study," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 881-887, July.
    11. Randolph Luca Bruno & Elodie Douarin & Julia Korosteleva & Slavo Radosevic, 2022. "The Two Disjointed Faces of R&D and the Productivity Gap in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 60(3), pages 580-603, May.
    12. Sebastian-Ion CEPTUREANU, 2016. "Knowledge Management Tools in Romanian Companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 123-129, May.
    13. Eduard Gabriel Ceptureanu, 2015. "New Perspectives Regarding Change And Innovation Into Romanian Smes," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1087-1096, July.
    14. Eduard Gabriel Ceptureanu, 2015. "Connection Between Entrepreneurship And Innovation Into Romanian Small And Medium-Size Enterprises," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 127-134.
    15. Eduard Gabriel CEPTUREANU, 2016. "Research On Change Management Into Small Family Businesses," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 302-306, November.
    16. Wang, Eric C., 2010. "Determinants of R&D investment: The Extreme-Bounds-Analysis approach applied to 26 OECD countries," Research Policy, Elsevier, vol. 39(1), pages 103-116, February.
    17. Grafström, Jonas & Jaunky, Vishal, 2017. "Convergence of Incentive Capabilities within the European Union," Ratio Working Papers 301, The Ratio Institute.
    18. Eduard Gabriel CEPTUREANU, 2015. "Reactions to Change in Romanian SMEs," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 77-87, March.
    19. Jadranka Švarc & Marina Dabić, 2017. "Evolution of the Knowledge Economy: a Historical Perspective with an Application to the Case of Europe," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 159-176, March.
    20. Irinel MARIN, 2015. "Human Resources Insights Regarding Romanian Smes," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 606-613, November.
    21. Andrea Filippetti & Antonio Peyrache, 2013. "Is the Convergence Party Over? Labour Productivity and the Technology Gap in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 51(6), pages 1006-1022, November.

    More about this item

    Keywords

    Europe; innovation; knowledge-based economy; R&D; technology.;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:21:y:2020:i:2:p:265-279. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marian Nastase (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.