Volume : II, Issue : VIII, August - 2013

Knowledge–based Economy (KBE) Frameworks and Investigation of KBE Input–output Indicators for Pakistan

Muhammad Bashir

Abstract :

The objective of this paper is to assess the relative efficiency of Pakistan and other Asian countries in their development of knowledge-based economies (KBEs). The KBE concept was first used by the Organization for Economic Co-operation and Development (OECD) describing it as an economy which is directly based on the production, distribution and use of knowledge and information. Subsequently, the Asia Pacific Economic Cooperation forum (APEC) and the World Bank Institute (WBI), along with the OECD, extended the concept and developed frameworks to compare the status of the knowledge base of different economies. These frameworks identify four core dimensions: knowledge acquisition, production, distribution and utilization, and use many structural and qualitative variables in their analysis. But none of the current methodologies explicitly divide the KBE indicators under these four core dimensions or measure the efficiency with which knowledge inputs are transformed to knowledge outputs. This paper attempts to describe a policy-focused KBE framework, selecting appropriate indicators from the existing OECD and WBI KBE frameworks for assessing the relative input-output efficiency of Pakistan and other Asian countries in the development of their KBEs.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Muhammad Bashir Knowledge-based Economy (KBE) Frameworks and Investigation of KBE Input-output Indicators for Pakistan International Journal of Scientific Research, Vol : 2, Issue : 8 August 2013

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