Abstract
Abstract The concept of national intellectual capital (NIC) is in its early stage of development. NIC has a complicated and heterogeneous nature with NIC models displaying varying levels of aggregation and structure as well as inconsistent accuracy. As a result, the authors’ standpoints differ according to definition and NIC taxonomy. The aim of this article is to analyze NIC taxonomy and to organize and classify the scattered and often inadvertent intangible generators of the country’s wealth. The results of the research confirm a lack of a generally accepted definitional and taxonomic approach to NIC making a search for an acceptable solution necessary since without it the measurement and comparability of results or even the management and control of the intellectual capital of the country will not be possible. Besides contemplating the existing approaches of NIC division, the authors create their own NIC taxonomy and describe its components by presenting an original understanding of NIC components. This is extremely important because the subject of NIC has not yet been scientifically sufficiently exhausted.
Highlights
The concept of intellectual capital has been propagated as a result of the transition of the world economy from the industrial age based on the use of traditional production factors to knowledge-based economy (Michalczuk, 2013)
The development of the concept of knowledge-based economy underlined the significance of intangible assets in relation to the national economy
The growing importance of national intangible resources in the process of generating value should revolutionize the assessment of economies and illustrate the need to manage national intellectual capital. This is the reason that a measurement based on financial capital and on intellectual capital should become the new approach to the evaluation of national wealth
Summary
The concept of intellectual capital has been propagated as a result of the transition of the world economy from the industrial age based on the use of traditional production factors to knowledge-based economy (Michalczuk, 2013). Intellectual capital is a category that reflects the intangible resources contributing towards the value of a company. This is the context of the perception of intellectual capital within the microeconomic perspective. In the 1990s, intellectual capital – intangible resources – was recognized as a determinant of a country’s wealth (Labra & Sanchez, 2013). During this time, through the analysis of Sweden, a first attempt to measure national intellectual capital (NIC) on a national scale was undertaken. Specific features (http://creativecommons.org/ licenses/by/4.0), in the manner agreed with De Gruyter Open
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