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Intellectual Capital As A Driver Of Economic Development

Author

Listed:
  • Sandra Jednak

    (University of Belgrade, Faculty of Organizational Sciences)

  • Veljko Dmitrovic

    (University of Belgrade, Faculty of Organizational Sciences)

  • Vesna Damnjanovic

    (University of Belgrade, Faculty of Organizational Sciences)

Abstract

There are different factors for obtaining economic development. In contemporary economics, knowledge and intellectual capital have become necessary for achieving economic development. Management and development of intellectual capital bring benefits and advance the economy. The main aim of the paper is to present the concept of intellectual capital as a driver of economic development. Selected indicators for measuring intellectual capital and knowledge and their influence on the economic development have been presented. The impact of intellectual capital on economic development is different based on the level of national economy development. Intellectual capital is a driver of economic development in advanced economies, while in developing countries it is not so dominant.

Suggested Citation

  • Sandra Jednak & Veljko Dmitrovic & Vesna Damnjanovic, 2017. "Intellectual Capital As A Driver Of Economic Development," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 15(2), pages 77-84, November.
    • Handle: RePEc:tuz:journl:v:15:y:2017:i:2:p:77-84
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    More about this item

    Keywords

    Intellectual capital; Knowledge; Economic development; Knowledge based economy;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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