Knowledge economy and innovation

Schilirò, Daniele (2025): Knowledge economy and innovation.

Abstract

This paper presents an examination of the knowledge economy, its nature, evolution, and defining features. Such an economy relies on increasing specialization, research, innovation, and continuous learning. Innovation constitutes a fundamental dimension of the knowledge economy; hence, it emerges as the second central theme of this analysis. The findings indicate that the capacity of companies to innovate depends on several factors, including the availability of sufficient human capital with appropriate levels of education and advanced skills, the presence of robust infrastructure, and the role of institutions. In particular, the innovation ecosystem—where stakeholders interact and collaborate—together with the regulatory and legislative framework, serves to foster and sustain innovation.

• Item Type: MPRA Paper
• Language: English
• Keywords: knowledge economy; knowledge; learning; networks; innovation, technological progress; competitiveness
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D

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