Value Creation Efficiency at National and Regional Levels: Case Study—Croatia and the European Union

Pulić, Ante

doi:10.1016/b978-0-7506-7773-8.50015-7

Cited by 52 publications

(60 citation statements)

References 1 publication

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“…Academic research of this problem was joined by international organizations, such as the United Nations (by measuring the Human Development Index), World Bank (by presenting Knowledge Assessment Methodology and Knowledge Assessment Index), European Commission (by presenting the Innovation union scoreboard), Organization for Economic Cooperation and Development (OECD). However, quite a different approach towards assessment of intellectual capital economic effect was presented by Pulic (2005), connecting intellectual capital with financial indicators of economic development and introducing the Value added intellectual coefficient (VAIC) index as output. In further works and studies Stahle, Bounfour (2008), Lin, Edvinson (2008), WEF (2007), P. Stahle, S. Stahle (2006) proved that factors enhancing the country's economic development (intellectual capital is recognized as one of them) are very much dependant on the GDP index and macroeconomic factors related to it.…”

Section: Methods Of Measurement Of Intellectual Capital Of Citiesmentioning

confidence: 99%

“…Bontis (2004) introduced the National Intellectual Capital Index (NICI), consisting of 24 indicators, which are grouped into 4 sub-indexes: the National human capital, National process capital, National market capital and National renewal capital. Pulic (2005) presented the Value Added Intellectual Coefficient (VAICE), which measures the efficiency of resources in corporations and regions in a financial value model. VAICE can be calculated for a company, regional and national economy.…”

Section: Methods Of Measurement Of Intellectual Capital Of Citiesmentioning

confidence: 99%

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Measurement of Intellectual Capital of Lithuanian Cities by a Composite Index

Krušinskas

Bruneckienė

2014

Journal of Business Economics and Management

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The article comprises analysis of theoretical and practical aspects of measurement of the city's intellectual capital. This article includes analysis of the intellectual capital concept and possibilities of its application at the city level, generalization of the organization intellectual capital models and principles, which, considering the macro-level context and overview of tendencies of economic growth, are applied for measurement of intellectual capital of the city. The newly created city's intellectual capital balance index is presented. The empirical application of the method proved that it is an appropriate tool for the measurement of the city's intellectual capital within a country, which corresponds to the second level NUTS of the European Union. This article is one of the ambitions to promote the methodological background for urban governance and improvement of intellectual capital as well as competitiveness of Lithuanian cities. The city's intellectual capital balance index can be used as the tool for assessment of efficiency and timeliness of the urban and national development strategies, also as the tool for publicity for innovation, creativity and “smartness” of the city or the whole country.

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Section: Methods Of Measurement Of Intellectual Capital Of Citiesmentioning

confidence: 99%

Section: Methods Of Measurement Of Intellectual Capital Of Citiesmentioning

confidence: 99%

Measurement of Intellectual Capital of Lithuanian Cities by a Composite Index

Krušinskas

Bruneckienė

2014

Journal of Business Economics and Management

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“…The econometric model presented by Solow in 1956 described technological progress as the most important factor for a country's economic growth [4]. In the current social and economic context, knowledge and information become the core competencies of nations pursuing development, overcoming the importance of capital [5] or labour [6]. According to Foray [7], knowledge is a good asset for the new economy.…”

Section: General Considerations Regarding Intangible Resources and Thmentioning

confidence: 99%

Analysis of the Impact of Intangible Resources at Macroeconomic Level. The Case of Romania

Stan

2018

International Conference KNOWLEDGE-BASED ORGANIZATION

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The results of literature analysis confirm the strategic value of intangible resources in creating wealth and conferring competitive advantages to nations. However, there are few academic papers related to intangible resources at country level. At national level, economic growth is increasingly based on knowledge and other intangible resources than on physical ones. To test this hypothesis in Romania, this article analyses how intangible resources influence economic growth, and correlation indices between different types of intangible resources and gross domestic product value are calculated. The analysis shows that there are very strong positive correlations between GDP and most of the intangible resource variables. Despite the importance of intangible resources at national level and the fact that they are an important factor in determining economic growth in the current knowledge-based economy, Romania's position in the international context regarding intangible assets is very weak, with many weak points in research and innovation performance compared to other EU Member States. Therefore, there is a need in our country to re-evaluate the areas where all efforts need to be focused to stimulate innovation performance, to properly manage national intangible resources, a crucial process for improving the quality of life.

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“…Intellectual capital (IC) can be defined as the value to the community (firm or profession) of its knowledge and knowing capability (Nahapiet and Ghoshal 2002). It is the key resource in the knowledge economy (Pulic, 2005). A successful region has the capacity to use its IC to create, transfer and implement knowledge to facilitate innovation (Smedlund and Poyhonen, 2005).…”

Section: Intellectual Capital Generationmentioning

confidence: 99%

Communities of enterprise: developing regional SMEs in the knowledge economy

Mason

Castleman

Parker

2008

Journal of Enterprise Information Management

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Purpose-This paper proposes the concepts of Communities of Enterprise (CoEs) and Virtual Communities of Enterprise (VCoEs) to describe business networking patterns in regional areas where there is no central organisational or industry focus and small and medium enterprises dominate the economy. Design/methodology/approach-Based on analysis of the literature this paper builds on theoretical understandings of knowledge management, clustering and regional development. Findings-The concept of CoEs is most appropriate for regional areas characterised by many small enterprises in diverse industries. CoEs enhance development of regional clusters by contributing to their intellectual capital, innovation culture, value networks and social capital. The incorporation of ICT creates VCoEs which provide added potential by enabling regions to expand their learning potential through innovation. Research limitations/implications-This paper provides a conceptual foundation for empirical research into regional network or cluster development using ICT. Practical implications-Virtual Communities of Enterprise value creation potential is substantial but only when the socioeconomic elements of regional clusters are understood. The VCoE approach addresses the fact that without an industry focus it can be difficult to engage and link SMEs from different industries, although this is where the greatest potential for value creation in regional clusters is to be found. Originality/value-The Virtual Communities of Enterprise (VCoEs) concept specifically addresses the unique requirements of SMEs in regions. It has the potential to provide value for regions in a way few ICT based regional development initiatives have been able to achieve. Keywords-virtual communities of practice (CoPs), virtual communities of enterprise (VCoEs), small and medium enterprises (SMEs), cross-industry regional clusters, knowledge economy, knowledge management (KM), knowledge sharing, social capital.

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Value Creation Efficiency at National and Regional Levels: Case Study—Croatia and the European Union

Cited by 52 publications

References 1 publication

Measurement of Intellectual Capital of Lithuanian Cities by a Composite Index

Measurement of Intellectual Capital of Lithuanian Cities by a Composite Index

Analysis of the Impact of Intangible Resources at Macroeconomic Level. The Case of Romania

Communities of enterprise: developing regional SMEs in the knowledge economy

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