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The Evolution of the Knowledge Economy

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  • Cader, Hanas A.
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    Abstract

    This paper revisits the definition of the knowledge economy (Beck, 1992) and investi-gates changes in knowledge-based industries between 1991 and 2001. Using the General Edu-cational Development Reasoning (GEDR) scale (1-6), non-farm industries were classified as higher knowledge-based industries (GEDR level ≥ 5). The 2001 U.S. national industry-specific occupational employment and wage estimates data were analyzed to identify knowledge-based industries and compared with the knowledge-based industries identified in 1991. There were 41 knowledge-based industries in 1991. In 2001, knowledge-based industries had in-creased by 50 % to 64. Between 1991 and 2001, 27 of the original industries remained classified as knowledge-based industries, and seven industries became non-knowledge-based indus-tries. In 2001, 37 new industries emerged as knowledge-based industries as a result of an in-crease in their knowledge ratio. Further, the composition of the knowledge-ratio of industries classified as knowledge-based has changed considerably over the period.

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    Bibliographic Info

    Article provided by Mid-Continent Regional Science Association in its journal Journal of Regional Analysis and Policy.

    Volume (Year): 38 (2008)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:ags:jrapmc:132351

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    Web page: http://jrap-journal.org/index.htm
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    Related research

    Keywords: Labor and Human Capital;

    References

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    1. Eliasson, Gunnar & Fölster, Stefan & Lindberg, Thomas & Pousette, Tomas & Taymaz, Erol, 1990. "The Knowledge Based Information Economy," Working Paper Series 256, Research Institute of Industrial Economics.
    2. Antonelli, Cristiano, 2003. "Localized Technological Change," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200305, University of Turin.
    3. Stephan J. Goetz & Anil Rupasingha, 2002. "High-Tech Firm Clustering: Implications for Rural Areas," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1229-1236.
    4. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
    5. Shapira, Philip & Youtie, Jan & Yogeesvaran, K. & Jaafar, Zakiah, 2006. "Knowledge economy measurement: Methods, results and insights from the Malaysian Knowledge Content Study," Research Policy, Elsevier, vol. 35(10), pages 1522-1537, December.
    6. Timothy R. Wojan, 2000. "The Composition of Rural Employment Growth in the “New Economy”," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 594-605.
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    Cited by:
    1. David, Freshwater, 2013. "Modernizing Rural Economies: Strengthening Economic Growth in the 21st Century," Staff Papers 174107, University of Kentucky, Department of Agricultural Economics.

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