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Journal Article

The Determinants of Knowledge‑based Economy Development at a National Level: A Conceptual Model driven from KBE Theoretical Paradox and Advanced Practices  pp193-206

Sara A. Al-Maadeed, Vishanth Weerakkody

© Dec 2016 Volume 14 Issue 4, Editor: Maurizio Massaro, Andrea Garlatti, pp191 - 255

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Abstract

Abstract: Knowledge‑based economy has recently gained an increasing attention in developed countries, however, understanding the main determinants of KBE development at a national level appeared to be neglected. Therefore, this paper tends to develop a conceptual model that addresses the main determinants of KBE development at a national level in which could accelerates the growth of national asset value and leads to national competitive position. Therefore, a systematic literature review was conducted to learn from advanced economies’ practices in KBE development and highlight KBE main pillars, drivers, and process of KBE function. The review reveals that :(A) development of human capital and maintaining the value of knowledge asset are the ultimate function(s) of KBE, (B) Learning, education, ICT and innovation are the main pillars of KBE, (C) knowledge management is the process underpinning KBE function, and (D) beliefs and intentions are the main endogenous drivers of individual’s commitment to KBE ultimate functions. The findings show that the determinants of KBE development at a national level are: (1) the consideration of KBE characteristics, (2) the consideration of country position, and (3) the consideration of effective knowledge management process that acknowledges KBE function(s), however the cognitive leadership is the enabler to achieve KBE ultimate function via its main determinants. The conceptual model proposed in this paper outlines KBE main determinants and enabler to guide practitioners and decision makers in developing KBE framework at a national level.

 

Keywords: Knowledge-based Economy Model, Knowledge-based Economy Main Determinants, Enabler, Sweden, Finland, Denmark, Strategic Management, Knowledge Management, Cognitive Leadership, Knowledge based economy’s theoretical paradox.

 

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Journal Issue

Volume 14 Issue 4 / Dec 2016  pp191‑255

Editor: Maurizio Massaro, Andrea Garlatti

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Editorial

Guest Editors

Maurizio MassaroDr Maurizio Massaro is aggregate professor at Udine University since 2008, having worked as teacher at Udine University since 2001. He was visiting scholar at the FGCU, Florida, USA, in 2010 and Leicester, UK, 2013. His academic interests are primarily in the field of business performance measurement, intellectual capital, knowledge management and entrepreneurship. He is an associate editor for the Electronic Journal of Knowledge Management (EJKM).

 

Andrea Garlatti

Prof Andrea Garlatti, PhD, is Full Professor of Public Management at Udine University. He is also Director of Udine University Interdepartmental Center for Research on Welfare and Coordinator of the Accounting and Management Control section within the Department of Economics and Statistics. Andrea has wide research and teaching experience in the fields of public management and welfare.

 

 

 

Keywords: Knowledge-based Economy Model, Knowledge-based Economy Main Determinants, Enabler, Sweden, Finland, Denmark, Strategic Management, Knowledge Management, Cognitive Leadership, Knowledge based economy’s theoretical paradox, Emotional Intelligence, innovation process, new product development, interdisciplinary teams, innovation antecedents, Intellectual capital, company performance, intellectual capital efficiency, shareholder value, dynamic distributed software development, global software development, distributed teams, software evaluation, intellectual capital, performance management, knowledge work productivity, Intellectual Capital reports, use of IC measurements, benefits and drawbacks of IC reports, field study, Italy

 

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