Title: Measuring knowledge-based development: an overview of models and methodological issues

Authors: Carlos J. García Meza

Addresses: Department of Industrial Engineering and Systems, ITESM, Ave. E. Garza Sada 2501, Col. Tecnológico, Monterrey, NL, CP 64849, México

Abstract: This article reviews the knowledge-based economy concept, and the models and indices for measuring it. The paper is organised as follows. Section 1 reviews the concept of the knowledge-based economy, while Section 2 analyses the importance and need to incorporate knowledge in the task of measuring KBD. Section 3 provides a catalogue of the most common frameworks for measuring KBD. Section 4 discusses some methodological issues concerning the measurement of KBD. The representational theory of measurement is introduced, and the production and use of indices or composite indicators are reviewed. In the concluding section, a plea is made to draw the academic interest to the important research and political agenda of reconciling KBD discourse with happiness studies.

Keywords: new economy; knowledge-based development; KBD; KBD-index; composite indicators; measurement theory; happiness studies; knowledge economy.

DOI: 10.1504/IJKBD.2011.042521

International Journal of Knowledge-Based Development, 2011 Vol.2 No.3, pp.251 - 266

Received: 23 Nov 2010
Accepted: 07 Feb 2011
Published online: 28 Nov 2014 *

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