Review article

Estimation of intellectual capital in the European Union using a knowledge model

José Luis Alfaro Navarro orcid.org/0000-0002-6226-5931 ; Faculty of Economics and Business Administration of Albacete, University of Castilla–La Mancha, Albacete, Spain
Víctor Raúl López Ruiz ; Faculty of Economics and Business Administration of Albacete, University of Castilla–La Mancha, Albacete, Spain
Domingo Nevado Peña ; Faculty of Law and Social Sciences of Ciudad Real, University of Castilla–La Mancha, Ciudad Real, Spain

Abstract

This paper presents a model aimed at measuring intellectual capital as the potential knowledge of a country and apply it to the European Union. The method consists of activating accountable expenses, assumed to generate knowledge. In order to do so, efficiency indicators are used, derived from a summary of variables of structural, human and technological capitals by means of factor analysis. The results of this study for the EU25 in 2006 explain why Northern Europe has greater intellectual capital potential. They are more productive, as they manage and apply new technologies better. In human capital, Eastern countries have strong potential. The paper concludes that, at the conceptual level, this information should be used to design convergence policies and balanced development strategies to ensure economic growth.

Keywords

intellectual capital; knowledge economy; indicators; European Union

Hrčak ID:

69470

URI

https://hrcak.srce.hr/69470

Publication date:

20.6.2011.

Article data in other languages: croatian

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