The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
ANALYSIS OF KNOWLEDGE-BASED ECONOMY IMPACT ON ECONOMIC DEVELOPMENT IN THE EUROPEAN UNION COUNTRIES (Analiza Wpływu Gospodarki Opartej na Wiedzy na Rozwój Ekonomiczny Krajów Unii Europejskiej)
Directions of changes in the world economy occurring in recent years show the transition from industrial era economy to knowledge-based economy. Increasing investments in fixed assets is no longer a sufficient way of ensuring permanent economic growth. Research-development activity, innovation and human capital become decisive factors of development. As an essential determinant of the innovativeness level of individual economies are considered expenditures on research and development designed to conduct basic, applied research and development activities as well as effects of these research appearing in the form of innovations. The objective of the article is to analyze correlative connections between the two main variables describing knowledge-based economy, that is between the share of R&D expenditures in GDP and R&D expenditures per capita, and the remaining characteristics of knowledge - based economy. Another aim of the article is to assess the impact of these two variables on the basic macroeconomic indicators in the European Union countries, and, connected with them, to analyze the impact of knowledge-based economy on economic development of these countries.
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - University of Lódz, http://www.uni.lodz.pl
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - University of Lódz, http://www.uni.lodz.pl