Knowledge Agora



Scientific Article details

Title Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries
ID_Doc 74634
Authors Sirá, E; Vavrek, R; Vozárová, IK; Kotulic, R
Title Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries
Year 2020
Published Sustainability, 12, 10
DOI 10.3390/su12104172
Abstract In today's turbulent world influenced by globalization, knowledge is becoming a key factor in the market. Every economy, if it wants to be successful and competitive, must pay more attention to knowledge and its creation, transfer, and preservation. In this respect, it is a key element in ensuring a country's sustainable position in a competitive environment. Based on this, we set out the main idea of the article as follows: increased emphasis on the factors of a knowledge-based economy affects the growth of the country's competitiveness, which contributes to its better sustainability. To verify the idea, we used a multi-criteria evaluation of countries by the TOPSIS method and a subsequent regression model. We examined developments in the EU countries over a period of 11 years in selected indicators typical for the knowledge economies, in the area of competitiveness. Finally, we examined the sustainability of EU countries. Based on the findings of these methods, we identified the leading country-Sweden-in the field of knowledge economy, competitiveness, and sustainability.
Author Keywords knowledge economy; economic growth; competitiveness; sustainable development; Europe 2020
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI)
EID WOS:000543421400230
WoS Category Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies
Research Area Science & Technology - Other Topics; Environmental Sciences & Ecology
PDF https://www.mdpi.com/2071-1050/12/10/4172/pdf?version=1589968550
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