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KNOWLEDGE ECONOMY PYRAMID: Transforming Knowledge Value in Increasing Productivity and Competitiveness

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Abstract

The global economy’s landscape needs a new economic model where knowledge is used as a valuable resource to stimulate innovation, creativity, and entrepreneurship in order to increase productivity and competitiveness for sustainable growth as a premise for social welfare. The policymakers have to design the new public policy for productivity and competitiveness considering the Knowledge Economy frontier and to establish the institutional capacity to manage the knowledge perspective of development. The Knowledge Economy Pyramid model is a catalyst of knowledge ecosystems from education, research, technology, business, innovation, government and local communities, capable to create a collaborative environment with synergy effect: transforming knowledge value in increasing productivity and competitiveness.

Suggested Citation

  • SERBAN , Octavian, 2018. "KNOWLEDGE ECONOMY PYRAMID: Transforming Knowledge Value in Increasing Productivity and Competitiveness," Policy Reference 18-9, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepre:2018_009
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    Keywords

    Knowledge Triangle; Productivity; Competitiveness; Triple Helix; The Fourth Industrial Revolution; Smart Specialization;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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