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Knowledge Intensive Business Services And Their Economic Role In European Union: A Brief Analysis

Author

Listed:
  • Daniel Badulescu

    (Department of Economic and Business and Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Alina Badulescu

    (Department of Economic and Business and Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Sebastian Sipos-Gug

    (Department of Economic and Business and Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Anamaria Diana Herte

    (Department of Economic and Business and Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Darie Gavrilut

    (Department of Economic and Business and Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

Abstract

The decisive role of the knowledge-based economy, and the importance of the ventures fostering the use of innovation and incorporating knowledge, high technology and creativity are nowadays worldwide recognised, even more so considering that the EU is in a permanent search for innovation as a source of and for competitiveness. Knowledge Intensive Business Services (KIBS) are expected to play a key role in the knowledge-based economy as a source of innovation and knowledge in production, dynamic hubs in knowledge-related networks, or intermediaries of innovation between the manufacturing sector and suppliers, partners and final consumers. Within this context, in the present paper we aim to investigate the complex relation between the knowledge intensive business services (KIBS) and the imperative of fostering the economic activity, both of the entrepreneurial dynamics and their macroeconomic effects. The analysis, performed at EU level, leads to interesting results, revealing a complex but contradictory relation between KIBS and economic activity, which is measured by the following main indicators: entrepreneurial density and macroeconomic dynamics.

Suggested Citation

  • Daniel Badulescu & Alina Badulescu & Sebastian Sipos-Gug & Anamaria Diana Herte & Darie Gavrilut, 2020. "Knowledge Intensive Business Services And Their Economic Role In European Union: A Brief Analysis," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 5(1), pages 72-85, March.
    • Handle: RePEc:ora:jrojbe:v:5:y:2020:i:1:p:72-85
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    References listed on IDEAS

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    More about this item

    Keywords

    knowledge-based services; KIBS; entrepreneurial activity; macroeconomic indicators; European Union.;
    All these keywords.

    JEL classification:

    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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