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Correlation Between Transmission Power and Some Indicators Used to Measure the Knowledge-Based Economy: Case of Six OECD Countries

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  • Eustache Mêgnigbêto

    () (Bureau d’études et de recherches en science de l’information
    Faculty of Social Sciences, University of Antwerp)

Abstract

In this paper, we study the correlation between the transmission power and some indicators used to measure the knowledge-based economy. For the case study, we select six OECD countries (USA, Canada, France, Germany, Japan and South Korea) and six indicators (gross domestic expenditure for research and development (GERD), number of researchers, gross domestic product (GDP) growth rate, GDP per capita, Human Development Index (HDI) and total factor productivity (TFP)). The time series of the transmission power over a 10-year period (2001–2010) are built on the basis of publication data collected from the Web of Science. The correlation between transmission power and the selected indicators is computed. Results show that Japan and South Korea exhibit a positive strong correlation between transmission power and GERD on one hand and transmission power and number of researchers on the other hand. These two countries have the same pattern as regarding the transmission power and each of the selected indicators; other countries do not show any comparable pattern. The study concludes that the transmission power computed at national level only is not sufficient to measure the extent to which an economy is knowledge-based, because it does not take into account the synergy contributed at international level by a nation innovation actor.

Suggested Citation

  • Eustache Mêgnigbêto, 2018. "Correlation Between Transmission Power and Some Indicators Used to Measure the Knowledge-Based Economy: Case of Six OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(4), pages 1168-1183, December.
  • Handle: RePEc:spr:jknowl:v:9:y:2018:i:4:d:10.1007_s13132-016-0408-2
    DOI: 10.1007/s13132-016-0408-2
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