KNOWLEDGE-BASED ECONOMY – DRIVING FORCES AND
INDICATORS Cover Image

Икономика, базирана на знанието: движещи сили и индикатори
KNOWLEDGE-BASED ECONOMY – DRIVING FORCES AND INDICATORS

Author(s): Matilda Alexandrova
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: knowledge-based economy; innovations; indicators

Summary/Abstract: The idea for replacement of capital by knowledge as the main source of progress provides ground for the idea of “knowledge-based economy”. This is an economic system in which knowledge appears to be a dominating resource in the same way as – in a former period of development – capital outweighed the land as a source of economic power during the shift from pre-industrial to industrial society. The paper outlines several groups of indicators that typically identify the degree of development of the knowledge-based economy: employment structure (relative shares of employed by economic sectors and sub-sectors, along with the change in these shares), education level (access to relevant professional and higher education; relative share of expenditures for education -general and vocational- in GDP), R&D (researchers by scientific areas; investments in R&D as % of GDP; structure of R&D funding, particularly the share of private funding), etc.

  • Issue Year: 2015
  • Issue No: 03
  • Page Range: 19-36
  • Page Count: 18
  • Language: Bulgarian
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