Assessment of Connections Between Knowledge- Based Economy Characteristics and Selected Macroeconomic Categories in the European Union's Countries by Means of Panel Models
DOI:
https://doi.org/10.2478/v10103-011-0008-0Abstract
The aim of the article is to analyze the impact of knowledge-based economy variables on the selected macroeconomic categories - the share of total investments in GDP and the employment rate- in European Union's countries in the years 2000-2007, conducted with application of panel models. Directions of changes occurring in the world economy in recent years show the transformation of the industrial economy into a knowledge-based economy, using the technological and innovative potential. The most vital determinants of economic development are research and development expenditures, effects of this activity revealed in the form of innovations and human capital. Consequently the main subject of research conducted in high developed countries is seeking new sources of innovativeness and methods of creating innovative potential. An essential impact of knowledge and innovations on economic development is also confirmed by the contemporary economics. The aim of the article is to analyze the impact of knowledge-based economy variables on the selected macroeconomic categories – the share of total investments in GDP and the employment rate- in European Union’s countries in the years 2000-2007, conducted with application of panel models.
Downloads
References
Coe D. T., Helpman E. (1995), International R+D Spillovers, European Economic Review, vol. 39
Google Scholar
Directions for increasing innovativeness of economy for the period 2007-2013” (2006), the Ministry of Economy, Department of Economic Development, Warsaw 19th August
Google Scholar
Fagerberg J. (1987), Technology Gap Approach to Why Growth Paths Differ, Research Policy, vol. 16
Google Scholar
Foundations of the Economics of Innovation. Theory, Measurement and Practice (1998), Hariolf Grupp, Edward Elgar Ltd., Cheltenham, UK, Northampton, MA, USA
Google Scholar
Greene W. H. (2003), Econometric Analysis, 5. ed., Prentice Hall, New Jersey
Google Scholar
Greene W. H. (2008), Econometric Analysis, 6. ed., Prentice Hall, New Jersey
Google Scholar
Grossman G., Helpman E. (1990), The “New” Growth Theory. Trade, Innovation and Growth, American Economic Review, vol. 80
Google Scholar
Grossman G., Helpman E. (1991), Trade, Knowlegde Spillovers and Growth, European Economic Review, vol. 35
Google Scholar
Hausman J. A. (1978), Specification Tests in Econometrics, Econometrica, vol. 46
Google Scholar
Hsiao C. (1986), Analysis of Panel Data, Cambridge University Press
Google Scholar
Jorgenson D. W. (2001), Information Technology and the U.S. Economy, American Economic Review, vol. 16
Google Scholar
Jorgenson D. W., Ho M. S., Stiroh K. J. (2003), Lessons from the US Growth Resurgence, Journal of Policy Modelling, vol. 25
Google Scholar
Machlup F. (1962), The Production and Distribution of Knowledge in the United States, Princeton University Press, Princeton
Google Scholar
Miedziński M. (2001), Koordynacja procesów innowacji na przykładzie polskiego województwa, [in:] Gospodarka oparta na wiedzy, Wyzwanie dla Polski XXI w., KBN, Warszawa
Google Scholar
Nordhaus W. D. (1976), Innowacje, wzrost i dobrobyt, PWN, Warszawa
Google Scholar
Porter M. E. (1990), The Competitive Advantage of Nations, The Macmillan Press, London and Basingstoke
Google Scholar
Romer P. M. (1993), Economic Growth, [in:] The Fortune Encyclopedia of Economics, Time Warner Books, New York
Google Scholar
Schmookler J. (1965), Technological Change and Economic Theory, American Economic Review, nr 2
Google Scholar
Schumpeter J. A. (1912), The Theory of Economic Development, New York
Google Scholar
Solow R. (1957), Technical Change and the Aggregate Production Function, Review of Economics and Statistics, nr 30
Google Scholar
The Knowledge-Based Economy (1996), OECD, Paris
Google Scholar
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
