The value context in knowledge-based development: revealing the context factors in the development of Southern Brazils Vale dos Vinhedos region

This empirical study extends knowledge of context factors as described by the theory on knowledge-based development (KBD). KDB theory considers the creation, distribution, and use of knowledge factors for value creation to companies, people, and society. Studies on theory of value have demonstrated a conceptual shift: from a concept of production based on aggregate economic output, to a wider concept in terms of total value generation in a given community where non-tangible forms of capital are playing a key role. However, the economic significance of knowledge does not become apparent until the interaction between knowledge objects and agents is framed in a value context. Therefore, our study presents a framework for micro-level analysis that reveals the role of knowledge factors in the development of the region as a value context. The framework is derived from an empirical analysis of the development of the region of Vale dos Vinhedos in Southern Brazil. Multiple sources of data are utilised to explain knowledge development dynamics occurring in this particular knowledge event (K-event). In adittion to providing a framework that identifies important value context factors of the knowledge event, the study also contributes by extending the application of KDB beyond an urban context through our recollection of these rural regional knowledge development dynamics.