Knowledge Economy Research Articles

Intellectual Capital Evaluation Index Based on a Hybrid Multi-Criteria Decision-Making Technique

In the context of a burgeoning knowledge economy, enterprise intellectual capital has emerged as a pivotal asset for organizational growth. Evaluating it requires a comprehensive and robust index, yet there is no standard methodology for such assessments. Here, we propose an index for evaluating enterprise intellectual capital. We use the Delphi method to delineate a scientific decision structure. A grey-based decision-making trial and evaluation laboratory (DEMATEL) is coupled with an analytic network process (ANP)—i.e., grey DEMATEL-based ANP (GDANP)—to determine the relative weight of indicators. Then, we use the technique for order preference by similarity to an ideal solution to validate the effectiveness and applicability of the proposed evaluation index based on data on thirty new-technology companies in China. This study bridges a critical gap in academic discourse, and we discuss the practical implications for the strategic management of intellectual capital in corporate settings.

The unknowable Other and ethics of ungraspability: Education through the irrational

The insistence on knowledge accumulation in modern educational discourses has led to the formation of exclusive dichotomies in various forms, most tangibly observable in the division of people into ‘knowledgeable’ and ‘unknowledgeable’. What underlies this dichotomy is a conception of rationality based on which knowledge is seen as an ‘instrument’ which must necessarily result in a usable, profitable product. From a Levinasian perspective, the latter situation inevitably, if not purposefully, leads to the formation of the Other being located at the side of irrationality, hence an unnecessary entity within the knowledge economy. Analysing Werner Herzog’s film, The Enigma of Kasper Hauser’s (1974), this paper aims to show how irrationality, contrary to the belief of dominant educational/pedagogical discourses, can act as a source for creative thinking. The paper argues that by accepting the Other as the unknowable, we allow them to resort to their singularity as a source for imaginative thinking.

The contribution of qualitative methods to economic research in an era of polycrisis

This article argues that the considerable socio-economic and political challenges posed by the polycrisis can be better understood through the application of qualitative methods in economic research as quantitative methods fall short in this context. We argue that the integration of qualitative methods into economic research is crucial for two main reasons: first, from a philosophical point of view, a more comprehensive perspective on economic phenomena increases the epistemic quality of economic knowledge, and second, for political reasons, more pluralism in economics increases the democratic quality of capitalistic societies. We provide a review of the literature of the use of qualitative methods in economics and its philosophical underpinnings. Using specific examples of the application of qualitative methods in economic policy research, we show how valuable such perspectives are in facilitating a deeper understanding of the polycrisis. We address concerns against qualitative research in the economic discipline and how our analysis serves to mitigate some of these concerns in the context of the polycrisis. We conclude with a discussion on the potential role of qualitative methods in economic research.

Unveiling the Dynamics of Human Capital Valuation: Insights from Human Resource Accounting

In the contemporary knowledge economy, the value of enterprises increasingly hinges on the quality of their human capital. Human Resource Accounting (HRA) emerges as a pivotal field, offering methodologies to quantify, evaluate, and manage human capital effectively. This paper delves into the theoretical underpinnings of HRA, exploring models such as Human Resource Cost Accounting and Human Resource Value Accounting. Additionally, it examines the challenges hindering the widespread adoption of HRA, including theoretical immaturity, limited understanding, integration issues with corporate culture, cautious information disclosure, assessor competence deficiencies, and weak enterprise talent concepts. Strategies to overcome these challenges are proposed, encompassing enhancements to the theoretical framework, information technology proficiency, competence of accounting personnel, optimization of HR department functions, and refinement of legislation. By addressing these challenges and implementing strategic solutions, enterprises can effectively leverage human resources to achieve sustainable development and navigate the complexities of the modern market environment.

Analysis of Cornell Cooperative Extension under the Background of Big Data

In the era of knowledge economy, higher education has become the support and engine of socio-economic development, and the importance and urgency of its social service function have become more prominent. The content and form of services urgently need to be updated and innovated. Analyzing the history and current development status of typical university social services undoubtedly has important exemplary value. As one of the earliest universities born in the United States to serve society, Cornell University has a deeply rooted concept of social service, a complete social service system, and a unique social service promotion system. The development of information technology and big data has greatly improved the social service field of the university. In order to have a deeper understanding of the development track and operation logic of Cornell University's social service extension system, this paper adopts the method of literature research, historical research and case study to trace the source of Cornell University's social service concept and explore Cornell University's social service extension model -- agricultural extension project with advantages of traditional "land-grant college". Learn about natural resources, environment and sustainable energy development projects that keep pace with The Times, as well as youth development and family upbringing services for family education. This article believes that the social services provided by Cornell University under the social service promotion system have a strong academic and professional nature, and the direction, content, and social needs of serving society are highly matched and coupled, which helps the university form a complete social service system. Its mature social service promotion system and successful experience in social services have important implications for the construction and improvement of university social service functions.

Transaction costs of ineffective legal intervention restricting land ownership in the vicinity of airports: the example of the Polish compensation scheme in the context of environmental regulations

The goal of the paper is to assess the social implications of an ineffective legal intervention, which consists of introducing ownership restrictions concerning residential real estate located in the vicinity of airports. The paper evaluates Polish law in the context of the legislator's environmental aims and compares current regulations in Poland with solutions adopted in English law and American jurisdictions. The social and economic impact of ineffective legal intervention is calculated for the KTW airport case study with the use of information about the structure and value of filed and awarded claims for damages. With the use of this data, in the empirical part of the paper, we evaluate the factual transaction costs of public intervention for that airport, as well as ones which would occur if, instead of the Polish model, the American and the English models of compensation were applied. This allows us to explain the socio-economic consequences of adopting a given solution as well as to assess whether it fulfils desirable objectives. It also provides an opportunity to assess the models in the context of devising legally and economically justified compensation for landowners near airports affected by aircraft noise. The paper narrows the gap in the legal and economic knowledge related to the types and implications of ownership restrictions introduced in the vicinity of airports.

Innovation research in and on Africa: A literature analysis in 2015–2021

Innovation scholars disseminate their significant findings through international scientific journals. We conducted content analysis of 2,869 peer-reviewed articles on innovation in Africa, examining their origins, themes, collaborative networks, and scholarly influence. These articles, spanning the years 2015–2021, were curated from the Web of Science database across scientific, social science, and humanities journals. The findings reveal that 46.3% of these articles lacked contributions from African organizations or scholars, while 25.1% involved collaborations between African and non-African entities. A remaining 28.6% were exclusively authored by African scholars, with South African universities being the most frequent contributors. Notably, articles authored by scholars from non-African institutions garnered more citations and appeared in journals with higher impact factors. Key themes within these articles revolved around the knowledge economy, African business innovation, agricultural advancements, and the role of mobile phones in knowledge dissemination and marketing. Surprisingly, sustainability topics were notably absent. South Africa, Kenya, and Ghana featured prominently in the discussions. In conclusion, it is imperative to foster broader participation from African nations and scholars in innovation research and ensure a stronger African perspective in international publications. Additionally, as open-access publishing gains momentum, concerns about escalating publishing costs warrant attention.

Correction: Knowledge Economy and Financial Development in Developing Countries: Evidence from a Panel Autoregressive Distributed-Lag (ARDL) Approach

Correction: Knowledge Economy and Financial Development in Developing Countries: Evidence from a Panel Autoregressive Distributed-Lag (ARDL) Approach

Mathematics Anxiety and Problem-Solving Proficiency Among High School Students: Unraveling the Complex Interplay in the Knowledge Economy

Mathematics Anxiety and Problem-Solving Proficiency Among High School Students: Unraveling the Complex Interplay in the Knowledge Economy

The Role and Relevance of Foreign Universities in Making Indian Higher Education Internationally Empowered

In the contemporary knowledge economy, providing sufficient access to diverse and globally competitive higher education institutions for the younger generation is a critical responsibility of the state. However, given India's vast population, it is not feasible for the government alone to meet the immediate demand for higher education opportunities for all eligible individuals. While the domestic private sector can complement government initiatives in offering higher education, the presence of foreign educational institutions is vital for demonstrating esteemed educational practices in developing countries like India. The entry of foreign universities can enable domestic institutions to seek and adopt new pedagogical strategies and research practices, thereby elevating the overall quality of the higher education sector. This proposed study examines the role and relevance of foreign universities in empowering Indian higher education to achieve international standards. The study is more qualitative in nature as it reflects the public's concerns over the role and relevance of foreign universities in the country. Through a comprehensive review of relevant literature, the study aims to identify existing research gaps. The present paper is an investigation of the diverse ways in which the establishment of foreign universities here can contribute to the smooth and speedy enhancement of Indian higher education to consistently compete internationally.

NARRATIVE REVIEW OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) INTEGRATION IN NIGERIAN SECONDARY SCHOOLS’ HOME ECONOMICS INSTRUCTION

This paper explores how Information and Communication Technologies (ICTs) can revolutionize Home Economics education in Nigeria, particularly at secondary schools. ICT integration aligns with national policy goals of introducing students to technology and enhancing professional skills in Home Economics. Students can access a wealth of online resources, improving their knowledge of nutrition, healthy living, and sustainable home management. However, challenges like limited internet access, lack of ICT facilities, and inadequately trained teachers impede progress. Overcoming these hurdles requires collaboration. The government can invest in teacher training and infrastructure development, while schools can explore cost-effective solutions. Partnerships with communities and the private sector can further support ICT resource acquisition. The paper emphasizes the importance of teacher collaboration and localized digital content creation to enhance learning and cultural identity. By addressing challenges and implementing a multi-pronged approach, stakeholders can empower educators to leverage technology. Students equipped with both Home Economics knowledge and digital literacy skills will be prepared for the future, becoming informed consumers, responsible family members, and innovative contributors to society. Ultimately, ICT integration has the potential to transform Home Economics into a dynamic and engaging learning experience, empowering individuals and society to thrive in a technology-driven world

Irrational behavioral models of personal finance and their evolution in the digital economy

Aim. To review the evolution of scientific concepts investigating the motives for decision[1]making based on irrational consumer behavior and to identify real changes in behavioral models of personal finance. Objectives. To examine the evolution of scientific concepts of the world’s leading scientists on decision-making motives in the consumer market; to consider the effects of irrational consumer behavior; to identify key changes in consumer buying decision behavior caused by digitalization. Methods. The article is based on the analysis of scientific works of leading classical economists, interdisciplinary scientific research of modern foreign and domestic scientists devoted to the issues of decision-making in the field of consumption. The institutional approach was applied, which allowed us to study the evolution of irrational behavior in the field of personal finance depending on the dominant social values. Results. In the process of analyzing theoretical provisions of famous scientists up to the middle of the twentieth century, the justification of consumers’ decision-making in the consumer market based on their desire to maximize pleasure, utility of welfare is presented. Such behavior can be attributed to irrational behavior. Gradually, taking into account the market regulators of consumption opportunities, scientists come to the conclusion about the rational behavior of individuals. However, by the end of the twentieth century, the position of scientists changes towards limited rationality due to the inability of individuals to adequately assess the array of information affecting decision-making in the consumer market. On the basis of conclusions drawn by modern scientists in the framework of interdisciplinary research, such a new direction of economic science as “behavioral economics” emerges, which combined the knowledge of both economics and psychology. Modern research has shown some effects in behavioral finance related to the irrationality of consumer behavior when making a purchase decision: the Veblen effect, the Diderot effect and others. The latest research on the impact of digitalization on consumer behavior reflects the changes taking place in consumer behavior towards rationalization. Conclusions. The concepts and models describing the peculiarities of irrational behavior of individuals related to decision-making and based on irrational spending of personal financial resources from the point of view of classical economic science are considered. The evolution of scientific concepts of irrational behavior of the world’s leading economists during two centuries is presented. The effects of irrational consumer behavior proposed by scientists in the framework of interdisciplinary research are studied. Among them are the Veblen effect, the Diderot effect. The influence of digitalization on personal finance decision-making is shown.

Application of The Aggregation and Multicriteria Optimization Method in Assessing the Level of the Knowledge Economy of World Regions in Industry 4.0

The article proposes a new methodology for determining the level of the knowledge economy of countries in terms of the possibilities of using Industry 4.0 technologies. The relevance of the study is due to the transition to a new technological structure – “Industry 4.0” in the world. The aim of the study is to analyze data on the main sub-indices of the knowledge economy associated with Industry 4.0 for countries around the world based on the author’s methodology. As a tool for this analysis, the k-means++ clustering method was used to classify countries according to their characteristics. The assessment of the potential of Industry 4.0 is determined on the basis of 5 criteria characterizing various aspects of the development of countries at the level of economic knowledge. In the calculation process, determining the extent to which the indicators used describe the level of the knowledge economy, and the use of the aggregation formula and multi-criteria optimization, constitutes the scientific novelty of the study. It was concluded that as a result of clustering the countries of the world using the formula Aggregation and Multicriteria Optimization, the number of clusters decreased and the distribution of countries between clusters began to more adequately reflect reality. The results of the study can be used in the process of assessing the competitiveness of countries during the transition to the Industry 4.0 economy, as well as in developing strategies and concepts for countries.

Innovation, researcher and creativity: A complex indicator for territorial evaluation capacity

Innovation, research, and creativity are crucial elements to guarantee countries' competitiveness and promote sustainable economic and social progress. The evolution of these elements influences and guides the strategic choices of policymakers to develop potential improvements. Measures of economic and social well-being are widely studied in the literature as essential tools for understanding and promoting more equitable, sustainable and inclusive social and economic progress; they provide a more complete and holistic view of people's well-being, enabling more informed policies and decisions that meet a country's needs.Investments in scientific research and innovation, the human capital available for knowledge economy processes and the diffusion of Information and Communication Technologies are fundamental elements of social well-being and economic development. The literature highlights the need for indicators that analyze the efficiency levels of innovation, research and creativity activities to guide policies that promote better resource use. In light of this, the study aims to formulate a composite index that summarizes the "Innovation, research and creativity" dimension of the Equitable and Sustainable Wellbeing (BES) Report. The analysis focuses on Italy and provides a detailed measure of the situation in research, creativity, and innovation, which are indirect determinants of well-being but fundamental to social and economic progress. The authors propose an index for classifying Italian Regions by utilizing indicators from the BES and the Agenda 2030 and employing hierarchical clustering analysis associated with an algorithm based on the P2 distance method.From a broader perspective, the work provides a robust tool that combines various measures into a single value. This offers a more comprehensive view of a complex situation and allows for the identification of general trends or changes over time. Furthermore, this enables a more targeted assessment of goal achievement than analysing isolated individual variables.The results show the goodness and robustness of the proposed index. Therefore, the proposed index is a valuable tool capable of providing a comprehensive view of the situation, identifying trends, regional or national patterns, and information essential for governments to formulate strategies.

EFFECT OF KNOWLEDGE LEADERSHIP ON KNOWLEDGE INNOVATION BEHAVIOUR OF KNOWLEDGE WORKER: THE ROLE OF FAILURE LEARNING AND FEAR OF FAILURE

In the era of knowledge economy, the promotion of knowledge worker’s knowledge innovation behaviour (KIB) is a crucial concern for research and development (R&D) team supervisors in the rapidly evolving and competitive technological landscape. The study reported here examined the relationship between knowledge leadership (KL) and KIB of knowledge workers by focusing on the mediating effect of failure learning (FL) and moderating effect of fear of failure (FF). Data from a two-wave survey of 211 R&D supervisor–employee matching questionnaires from 28 high-tech firms in China indicated that as predicted, KL was positively related to KIB of knowledge worker while knowledge worker’s FL mediated this relationship significantly. Moreover, the findings also found that knowledge worker’s FF not only negatively moderated the impact of KL on knowledge worker’s FL, but also affects the mediating effect of FL on the relationship between KL and KIB of knowledge worker. Specifically, higher levels of knowledge worker’s FF weaken the indirect effect of KL on knowledge worker’s KIB through FL. Our findings have a number of theoretical and practical implications for the research on managing knowledge workers and their KIB.

Education hubs in Qatar and the United Arab Emirates: Analysis of discursive constructions using Latent Dirichlet Allocation

Advanced techniques for linguistic analysis provide the opportunity to extract meanings from the available documents on education hubs. We use Latent Dirichlet Allocation (LDA), a topic modelling method for natural language processing and big data mining, to analyze the discourse of education hubs in Qatar and the United Arab Emirates (UAE). Our data derive from a corpus of academic literature, non-peer-reviewed articles, and policy documents. The analysis shows that education hubs have been at the core of efforts to transition from a hydrocarbon-based economy to a knowledge economy. The analysis also shows that education hubs have been increasingly associated with the two countries’ efforts to achieve regional leadership in overlapping geopolitical spheres of influence. Describing the situation as a ‘constructive rivalry’, we highlight its geopolitical implications and we call attention to Knight, (2022) knowledge diplomacy whereby the two countries can use education hubs as a mechanism for exercising leadership in promoting peace and development in the broader region of the Middle East.c.

Analysis and Exploration of Achievement Transformation Models in Chinese and Japanese Universities

With the global economy entering the knowledge economy era, technological innovation has become the core driving force for the development of various countries. Only by transforming technological achievements into goods or services can their economic and social value be truly realized. Especially in developing countries like China, whether technological achievements can be quickly and effectively transformed into real productivity is of decisive significance for economic growth, industrial upgrading, and international competitiveness enhancement. The outline of China's 14th Five Year Plan proposes to accelerate the construction of a strong country in science and technology and enhance the country's capacity for scientific and technological innovation. Universities, as the main base for talent cultivation and the main force of the national scientific and technological innovation system, should become an important platform for achievement transformation. However, the conversion rate of patent achievements in Chinese universities has always been low. This article reviews and draws on Japan's experience and practices in promoting achievement conversion, and explores new models of achievement conversion that are suitable for China's national conditions.

The Impact of Graduate Education Scale on the Innovation Capability of the Tertiary Industry

With the rapid development of the global economy and the rise of the knowledge economy, innovation capability has become a key factor determining the competitiveness of a country or region. The tertiary industry, especially the service and high-tech industries, plays an increasingly important role in driving economic growth, promoting employment, and social progress. Graduate students, as the subjects of high-level talent cultivation, their quantity and quality are directly related to the construction of the national innovation system and the development potential of the tertiary industry. Graduate education, as an important way to cultivate high-level talents, plays an irreplaceable role in enhancing national innovation ability and promoting the development of the tertiary industry. Graduate education not only focuses on the impartation of knowledge but also emphasizes the cultivation of independent research ability, innovative thinking, and interdisciplinary cooperation capability, which are essential for driving the development of the service and high-tech industries. Therefore, by vigorously developing graduate education and cultivating more high-level talents with innovative spirit and practical ability, we can provide strong talent support and intellectual protection for the development of the service and high-tech industries. This will also promote the construction and improvement of the national innovation system, further enhancing the country's competitiveness and influence in the global economy.

Computing Tutors Performance Indicator in Virtual Learning Environment

Quality assurance has become an urgent necessity in all spheres of life, including education and learning in all stages from primary school to higher education, since it constitutes the core of development in the new era of knowledge economy. The aim of this paper is to present a new methodology applied to ensure quality of learning process within virtual learning environments. Our case study focused on the model of quality control adopted by Syrian Virtual University (SVU), which is pioneer in the field of virtual learning in the Middle East and the Arab region. The methodology is based on SET methodology (Students Evaluation Test) and defined by the assessments of each of the four pillars of learning process: (1) Assessment of tutors performed by learners; (2) Assessment of tutors performed by the administration; (3) Assessment of tutors performed by their peers; (4) Self-assessment of tutors. The last two procedures have not been yet implemented within SVU, while other procedures are in continuous development in order to improve their results. The importance of this model comes from its flexibility, its appliance since 2018 in a virtual education establishment (Syrian Virtual University), its possible generalization to any similar environment with virtual academic programs.

The Relationship Between Knowledge Society and Higher Education

The economic foundation determines the superstructure. Knowledge society is a society with knowledge and innovation as the core of development. The paper analyzes the relationship between knowledge society and higher education. In the knowledge society, a knowledge economy dominated by economy occupies an important position in social development. Knowledge society and higher education complement each other and promote each other, but at the same time, there are still some problems between knowledge society and higher education, which need to be solved in the process of development. Knowledge society brings opportunities for development and reform to higher education. Higher education cultivates more lifelong learners for the knowledge society and enables the knowledge society to play the role of knowledge economy. The learning methods and knowledge systems possessed by lifelong learners are exactly what the knowledge society needs to develop a knowledge economy. However, it also brings some uncertainties and hidden worries, such as the threat to the status of higher education in knowledge dissemination and production in the development of a knowledge society, and the simplification and sloganization of higher education reform in the process of reform.