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Knowledge economy in central and eastern european countries - a route to competitiveness?
[Znalostní ekonomika v zemích střední a východní Evropy - cesta ke konkurenceschopnosti?]

Author

Listed:
  • Štěpán Horký
  • Luděk Kouba

Abstract

The paper deals with the state and development of knowledge economy in Central and Eastern European (CEE) countries and its contribution to national competitiveness. The main goal is to discuss whether a relationship between the level of knowledge economy and macroeconomic competitiveness can be found. This is evaluated and confirmed by correlation between the Knowledge Economy Index and the Global Competitiveness Index among the EU member states. The same procedure of evaluation is conducted for Central and Eastern European member countries, confirming the relationship, though giving a lower correlation coefficient. Considering the fact that the CEE region consists of less developed former socialist countries, the lower correlation coefficient might point out to a lower knowledge base of its macroeconomic competitiveness. A specific attention is paid to the three most developed knowledge economies in the CEE region - the Czech Republic, Estonia and Slovenia. The case of Estonia, which has been a relatively poorer country, doubts the assumption that rich countries invest in the development of knowledge economy the most.

Suggested Citation

  • Štěpán Horký & Luděk Kouba, 2014. "Knowledge economy in central and eastern european countries - a route to competitiveness? [Znalostní ekonomika v zemích střední a východní Evropy - cesta ke konkurenceschopnosti?]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2014(5), pages 18-40.
    • Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:5:id:450:p:18-40
    DOI: 10.18267/j.aop.450
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    References listed on IDEAS

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    1. World Bank, 2010. "Innovation Policy : A Guide for Developing Countries," World Bank Publications - Books, The World Bank Group, number 2460, April.
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    More about this item

    Keywords

    knowledge economy; knowledge; research and development; education; ICT;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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