IDEAS home Printed from https://ideas.repec.org/p/esb/casctr/2014-418.html
   My bibliography  Save this paper

The Readiness Of The Selected European Countries For The Development Of Knowledge Economy

Author

Listed:
  • Vladimir Nedic, Vojislav Ilic, Dusko Belovic

    (University of Kragujevac, Faculty of Philology and Arts, University of Belgrade, Teachers’ Training Faculty, Investment Project Group Belgrade)

Abstract

The country’s readiness for the development of knowledge economy was measured using the Knowledge Economy Index (KEI) and the Knowledge Index (KI) of The World Bank Institute’s Knowledge for Development Program, 2012. The assessment of the position of the observed countries for the development of knowledge economy is based on the use of a number of analytical procedures. Cluster analysis was used first in order to check for the level of differences according to the KEI parameters and to group the selected countries into clusters, aimed at detecting the deviation of the observed European countries from the remainder of the group. Then we used the radar cart analysis of the four KEI pillars and their key variables in order to identify the current situation with respect to the values of partial indicators of the KEI pillars and establish the relative positions of the selected countries. Finally, over time comparison of the current values of the KEI pillars with the 2000 data was used to illustrate the dynamics of the development of the KEI pillars in crisis conditions. Research results have indicated that there is a prominent lag in the readiness of the Western Balkan countries (Albania, Bosnia and Herzegovina, Macedonia and Serbia) behind their EU environment (Austria, Greece, Bulgaria, Romania, Croatia and Slovenia).

Suggested Citation

  • Vladimir Nedic, Vojislav Ilic, Dusko Belovic, 2015. "The Readiness Of The Selected European Countries For The Development Of Knowledge Economy," Ekonomika, Journal for Economic Theory and Practice and Social Issues 2014-04, „Ekonomika“ Society of Economists, Niš (Serbia).
    • Handle: RePEc:esb:casctr:2014-418
    as

    Download full text from publisher

    File URL: http://www.ekonomika.org.rs/en/arhiva/PDF/arhiva-clanaka/4/18.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Manfred M. Fischer, 2001. "Innovation, knowledge creation and systems of innovation," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(2), pages 199-216.
    2. Peter Nijkamp & Iulia Siedschlag (ed.), 2011. "Innovation, Growth and Competitiveness," Advances in Spatial Science, Springer, number 978-3-642-14965-8.
    3. M. Saisana & A. Saltelli & S. Tarantola, 2005. "Uncertainty and sensitivity analysis techniques as tools for the quality assessment of composite indicators," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 168(2), pages 307-323, March.
    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. Matthias Firgo & Fabian Gabelberger & Andreas Reinstaller & Yvonne Wolfmayr, 2024. "Assessing Regional Production Potential to Strengthen the Security of Supply in Strategic Products," WIFO Working Papers 670, WIFO.
    2. Andrea Saltelli, 2007. "Composite Indicators between Analysis and Advocacy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 81(1), pages 65-77, March.
    3. Rajko Tomaš, 2022. "Measurement of the Concentration of Potential Quality of Life in Local Communities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 79-109, August.
    4. Aleksandra Maksimovska & Aleksandar Stojkov, 2019. "Composite Indicator of Social Responsiveness of Local Governments: An Empirical Mapping of the Networked Community Governance Paradigm," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(2), pages 669-706, July.
    5. Cherchye, Laurens & Knox Lovell, C.A. & Moesen, Wim & Van Puyenbroeck, Tom, 2007. "One market, one number? A composite indicator assessment of EU internal market dynamics," European Economic Review, Elsevier, vol. 51(3), pages 749-779, April.
    6. Janina Isabel Steinert & Lucie Dale Cluver & G. J. Melendez-Torres & Sebastian Vollmer, 2018. "One Size Fits All? The Validity of a Composite Poverty Index Across Urban and Rural Households in South Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(1), pages 51-72, February.
    7. Nurettin Can & Lutfu Sagbansua, 2015. "Quantitative Analysis on Innovation Index of OECD Countries," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(8), pages 210-220, August.
    8. Franz Tödtling & Michaela Trippl, 2013. "Innovation and Knowledge Links in Metropolitan Regions: The Case of Vienna," Advances in Spatial Science, in: Johan Klaesson & Börje Johansson & Charlie Karlsson (ed.), Metropolitan Regions, edition 127, chapter 0, pages 451-472, Springer.
    9. Tappeiner, Gottfried & Hauser, Christoph & Walde, Janette, 2008. "Regional knowledge spillovers: Fact or artifact?," Research Policy, Elsevier, vol. 37(5), pages 861-874, June.
    10. Greco, Salvatore & Ishizaka, Alessio & Tasiou, Menelaos & Torrisi, Gianpiero, 2018. "σ-µ efficiency analysis: A new methodology for evaluating units through composite indices," MPRA Paper 83569, University Library of Munich, Germany.
    11. Marco Marozzi & Mario Bolzan, 2018. "An Index of Household Accessibility to Basic Services: A Study of Italian Regions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(3), pages 1237-1250, April.
    12. Nicola Francesco Dotti & André Spithoven, 2018. "Economic drivers and specialization patterns in the spatial distribution of Framework Programme's participation," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 863-882, November.
    13. Nejla YACOUB, 2012. "Brevetabilité des médicament, innovation et l’avenir de l’industrie pharmaceutique en Tunisie DRUGS PATENTABILITY INNOVATION AND THE FUTURE OF THE PHARMACEUTICAL INDUSTRY IN TUNISIA THEORETICAL STUDY ," Working Papers 248, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    14. Di Zio, Simone & Bolzan, Mario & Marozzi, Marco, 2021. "Classification of Delphi outputs through robust ranking and fuzzy clustering for Delphi-based scenarios," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    15. Drago, Carlo & Gatto, Andrea, 2022. "Policy, regulation effectiveness, and sustainability in the energy sector: A worldwide interval-based composite indicator," Energy Policy, Elsevier, vol. 167(C).
    16. Martin , Roman & Trippl , Michaela, 2013. "System Failures, Knowledge Bases and Regional Innovation Policies," Papers in Innovation Studies 2013/13, Lund University, CIRCLE - Centre for Innovation Research.
    17. M. Benito & R. Romera, 2011. "Improving quality assessment of composite indicators in university rankings: a case study of French and German universities of excellence," Scientometrics, Springer;Akadémiai Kiadó, vol. 89(1), pages 153-176, October.
    18. Rosalia Castellano & Antonella Rocca, 2017. "The dynamic of the gender gap in the European labour market in the years of economic crisis," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(3), pages 1337-1357, May.
    19. Wu, Aihua, 2017. "The signal effect of Government R&D Subsidies in China: Does ownership matter?," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 339-345.
    20. Irina-Elena Gentimir, 2013. "The Role Of The Private Sector In Developing And Supporting International Competitiveness," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(2), pages 205-215.

    More about this item

    Keywords

    knowledge economy; Knowledge Economy Index; Knowledge Index;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:esb:casctr:2014-418. 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: Predrag Jovanović (email available below). General contact details of provider: .

    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.