Some Problems in Statistically Assessing the Level of Knowledge Economy

• Published in: Journal of the knowledge economy Vol. 10; no. 3; pp. 974 - 996
• Main Authors: Rim, Gwang-Nam, Kim, Gang-Sok, Hwang, Sun-Hui, Ko, Un-Dok
• Format: Journal Article
• Language: English
• Published: New York Springer US 01.09.2019; Springer Nature B.V
• Subjects: Economic Policy; Economics; Economics and Finance; Entrepreneurship; Knowledge; Knowledge economy; Knowledge management; Measurement; R & D/Technology Policy; Studies; Knowledge economy (KE); Knowledge resource (KR); Level of knowledge economy; Knowledge economy index (KEI); Knowledge index (KI)
• ISSN: 1868-7865; 1868-7873
• DOI: 10.1007/s13132-017-0510-0

At present, what is important in the management of knowledge economy is to assess its current level and take measures for its development. What is important in establishing the statistical assessment methodology for the level of knowledge economy is to set the key indicators for assessment and to improve its assessment methodology. For the purpose of research, we conducted the theoretical research on the main concepts related to assessing the level of knowledge-based economy, and on this basis, we set the key indicators for assessment and suggested the general assessment methodology. The first part of the paper discusses the theoretical background for statistically assessing the level of knowledge-based economy. In this part, we discussed the features of knowledge resource as the source of economic growth and the features and the expressions of knowledge-based economy. The second part of the paper suggests the statistical assessment methodology for the level of knowledge-based economy. After illustrating the different assessment methodologies for the level of knowledge-based economy, we suggested the key indicators and the methodology for statistically assessing the level of knowledge economy, based on the essential features of knowledge economy described in the first part and prior studies.