IDEAS home Printed from https://ideas.repec.org/a/osi/journl/v11y2015p549-557.html
   My bibliography  Save this article

Education As An Indicator Of Development On The Road To The Knowledge Economy

Author

Listed:
  • Adrijana Nikic-Katic

    (postgraduate student at the Faculty of Economics in Osijek, Business and Technical College in Doboj, Bosnia and Herzegovina)

Abstract

One of the basic indicators of the development of national economies is the degree of education and knowledge of its society. Therefore, education, especially higher education, is considered to be a national priority which contributes to economic development as well as the development of society in general. Highly-educated workforce is of special importance for the creation of a knowledge-based economy. Most developed countries implement their development strategies by investing in knowledge and human capital. Europe 2020 strategy lists as its main goals the improvement of conditions and quality of education. The United Nations and the World Bank consider education as one of the foundations for the creation of a knowledge-based economy. The knowledge economy can be defined as economy based on human knowledge, competence and capability. The key factor in the development process is knowledge embodied in people. This paper shows basic indicators of the development of knowledge economy with a special focus on education, and it also explores where Bosnia and Herzegovina is on the road to the knowledge economy.

Suggested Citation

  • Adrijana Nikic-Katic, 2015. "Education As An Indicator Of Development On The Road To The Knowledge Economy," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 11, pages 549-557.
    • Handle: RePEc:osi:journl:v:11:y:2015:p:549-557
    as

    Download full text from publisher

    File URL: http://www.efos.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchXI/IMR11a40
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    education; development; knowledge economy; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:journl:v:11:y:2015:p:549-557. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hrvoje Serdarusic, PhD (email available below). General contact details of provider: https://edirc.repec.org/data/efosihr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.