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

• Main Authors: Domingo Nevado Peña, Víctor Raúl López Ruiz, José Luis Alfaro Navarro
• Format: Article
• Language: deu
• Published: Faculty of Economics University of Rijeka 2011-06-01
• Series: Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu
• Subjects: Intellectual capital; Knowledge economy; Indicators; European Union
• Online Access: http://webtest.efri.hr/sites/efri.hr/files/cr-collections/2/03-navarro-2011-1.pdf

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.