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The Evolution of the Knowledge Economy

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  • Cader, Hanas A.

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.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:jrapmc:132351
    DOI: 10.22004/ag.econ.132351
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    3. 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.
    4. 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.
    5. Vasile Burja & Camelia Burja, 2013. "Knowledge Economy And Entrepreneurship Environment In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-27.

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