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The Effects of Knowledge on the Economic Development: Theoretical Retrospectives


  • Vadim Dumitrascu


  • Roxana Arabela Dumitrascu

    () ("Dimitrie Cantemir" Christian University)


From the historical point of view, every modality of creating the economic value is based on a certain type of scientific and technical knowledge, which is favoured by certain "environments of learning and knowledge". The leaps in productivity are caused by radical mutations in matters of knowledge, which is relevant to the processes that generate economical values. This relevant knowledge is, by its own nature, a collective knowledge. The relevant knowledge’s characteristic of being a common asset and the positive externalities which result from it constitute the factor that triggers the development. The economic analysis gradually incorporated and synthesized, on the basis of some consecutive generations of theories, the impact of knowledge on the evolutional processes from economy.

Suggested Citation

  • Vadim Dumitrascu & Roxana Arabela Dumitrascu, 2013. "The Effects of Knowledge on the Economic Development: Theoretical Retrospectives," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 52-55, December.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:4:p:52-55

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    References listed on IDEAS

    1. Yogesh Malhotra, 2000. "Knowledge Assets in the Global Economy: Assessment of National Intellectual Capital," Journal of Global Information Management (JGIM), IGI Global, vol. 8(3), pages 5-15, July.
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    More about this item


    Knowledge; intangible capital; increasing efficiencies; technological development; innovation;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development


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