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Evolution of the Knowledge Economy: a Historical Perspective with an Application to the Case of Europe

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  • Jadranka Švarc

    (Institute of Social Sciences “Ivo Pilar”)

  • Marina Dabić

    (University of Zagreb
    Nottingham Trent University)

Abstract

The goal of the article is to explore the evolution of original concept of knowledge economy based on science intensive production sectors toward service type economies which significantly changed the role of scientific research and technological innovation for economic growth. The paper argues that this transition is due not only to the structural changes in global production, but the theoretical evolution and paradigmatic shift of the concept of “knowledge economy” in general and “knowledge” in particular has played a significant role. The paper examines the different interpretation of knowledge within new types of intangible economies (e.g., new/Internet, weightless, service, creative, cultural economies) where knowledge is perceived to be generated not as a product of scientific research but as a service or creative activity and critically examined the role of scientific research in a service led knowledge economy. Additionally, the paper argue how these phenomena, which marked the global economy in the last decades, enable the transition of the standard concept of knowledge economy originated from industrial production and manufacturing to a knowledge economy equalized with various types of expanding intangible economies, primarily those based on service and creative industries.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:jknowl:v:8:y:2017:i:1:d:10.1007_s13132-015-0267-2
    DOI: 10.1007/s13132-015-0267-2
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    6. Alovsat G. ALIYEV, 2018. "Methodological Aspects of Estimation of ICT-Based Economic Development," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 6(2), pages 227-245, June.
    7. Ünsal Özdilek, 2024. "Art-Rent Concept and Measure With Connections to an Evolving Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1625-1649, March.
    8. Oleg Sukharev, 2021. "Measuring the Contribution of the “Knowledge Economy” to the Economic Growth Rate: Comparative Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 1809-1829, December.
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