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Knowledge-based economy

Author

Listed:
  • Michal Wilinski

    (Nicolaus Copernicus University)

Abstract

The purpose of this article is to present a model of knowledge-based economy in relation to the OECD or Organization for Economic Cooperation and Development. The work will be explained the difference between economic growth and economic development. This article aims is to show how the use of factors of knowledge and innovation by the economy affect its faster development. Model presented work shows the extent to which a variable that is known to be action - lovers expressing or measuring knowledge and innovation impact on the economy and the extent to which contributed to its growth, which will be expressed by the Gross Domestic Product.

Suggested Citation

  • Michal Wilinski, 2016. "Knowledge-based economy," Working Papers 16/2016, Institute of Economic Research, revised May 2016.
    • Handle: RePEc:pes:wpaper:2016:no16
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    More about this item

    Keywords

    innovation; knowledge; economic development; OECD; KBE;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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