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What is the 'Knowledge Economy'? Knowledge Intensity and Distributed Knowledge Bases

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Author Info
Smith, Keith () (United Nations University, Institute for New Technologies)

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Abstract

In recent years public policies for science, technology and innovation have attracted increased attention as a result of claims that knowledge-intensive industries are now at the core of growth, and that we are now entering a completely new form of 'knowledge society'. The objectives of this paper are firstly to examine what various authors mean by the concept of a knowledge economy or learning economy; secondly to describe quantitatively the creation and use of knowledge across industries; thirdly to develop an approach to understanding the knowledge intensity of mature, 'traditional' or low-technology industries. In exploring this issue, the paper first uses Community Innovation Survey data to describe some empirical dimensions of knowledge creation in Europe. It shows that knowledge investments are economy wide, not confined to high-tech sectors, and not confined to R&D. The paper then turns to concepts and a methodology for mapping the knowledge base of an economic activity. The aim is to generate a more nuanced understanding of the meaning of 'knowledge intensity' in production. The approach rests on what the paper terms 'distributed knowledge bases' that have a systemic and institutionally diffuse location. Knowledge for many key activities is distributed among agents, institutions and knowledge fields, and the problem is to understand the embodied and disembodied knowledge flows between them. An empirical example of such knowledge bases is described, for the food processing industry. The paper concludes by discussing how such 'distributed knowledge bases' might affect our conceptions of the knowledge economy and suggests links to current policy challenges in both developed and developing economies

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Paper provided by United Nations University, Institute for New Technologies in its series Discussion Papers with number 06.

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Date of creation: 2002
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Handle: RePEc:dgr:unuint:200206

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Related research
Keywords: Public Policy; Learning Economy; Knowledge; Technology Transfer;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bartzokas, Anthony & Yarime, Masaru, 1997. "Technology Trends in Pollution-Intensive Industries: A Review of Sectoral Trends," Discussion Papers 06, United Nations University, Institute for New Technologies. [Downloadable!]
  2. Bastos, Maria-Ines & Steinmueller, Edward, 1995. "Information and Communication Technologies: Growth, Competitiveness, and Policy for Developing Nations," Discussion Papers 11, United Nations University, Institute for New Technologies. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Sandro Mendonça & Tiago Santos Pereira & Manuel Mira Godinho, 2004. "Trademarks as an Indicator of Innovation and Industrial Change," LEM Papers Series 2004/15, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    Other versions:
  2. Ioan Achim Moise & Teodora Popescu, 2008. "What Are Romania’S Chances Of Becoming A Knowledge-Based Economy?," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 47. [Downloadable!]
  3. Potì Bianca & Reale Emanuela & Di Fiore Monica, 2007. "The role of R/D expenditure: a critical comparison of the two (R&S and CIS) sources of data," CERIS Working Paper 200707, Institute for Economic Research on Firms and Growth - Moncalieri (TO). [Downloadable!]
  4. Constantinescu, Madalina, 2008. "Knowledge Management through the Lens of Innovation and Labour Productivity in a Knowledge Based Economy," MPRA Paper 8930, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  5. Maria Sole Brioschi Brioschi & Lucio Cassia & Alessandra Colombelli, 2005. "Common Frameworks for Regional Competitiveness - Insights from a Number of Local Knowledge Economies," ERSA conference papers ersa05p743, European Regional Science Association. [Downloadable!]
  6. Arvanitidis, Paschalis & Petrakos, George, 2007. "Characteristics of Dynamic Regions in the World Economy: Defining Knowledge-Driven Economic Dynamism," Papers DYNREG19, Economic and Social Research Institute (ESRI). [Downloadable!]
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