Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

An exploratory study of sustainable wealth for European knowledge cities

An exploratory study of sustainable wealth for European knowledge cities In recent years, cities have become a key factor for economic recovery and growth. The new knowledge-based economy models indicate that knowledge is an important, endogenous factor in economic growth. Researches have summarised all sources of knowledge in an index but there is no measure in monetary terms. In this paper, we have developed a monetary measure based on an intellectual capital approach for 158 European cities. Using this measurement we analyse the effect of different levels of knowledge city development on economic variables in the labour market and service sector, which all governments consider key to economic recovery. The results demonstrate that cities with more sustainable wealth are better positioned in terms of the labour market and that accessibility, tourism and connectivity between cities are key factors for the development of knowledge. Keywords: knowledge cities; valuation system; sustainable wealth; labour market; service sector; intellectual capital; European cities. Reference to this paper should be made as follows: Alfaro Navarro, J-L., López Ruiz, V-R. and Nevado Peña, D. (2015) `An exploratory study of sustainable wealth for European knowledge cities', Int. J. Knowledge-Based Development, Vol. 6, No. 3, pp.202­214. Biographical notes: José-Luis Alfaro Navarro is a Professor of Statistics at http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Knowledge-Based Development Inderscience Publishers

Loading next page...
 
/lp/inderscience-publishers/an-exploratory-study-of-sustainable-wealth-for-european-knowledge-AHmEjTAzeL
Publisher
Inderscience Publishers
Copyright
Copyright © 2015 Inderscience Enterprises Ltd.
ISSN
2040-4468
eISSN
2040-4476
DOI
10.1504/IJKBD.2015.072802
Publisher site
See Article on Publisher Site

Abstract

In recent years, cities have become a key factor for economic recovery and growth. The new knowledge-based economy models indicate that knowledge is an important, endogenous factor in economic growth. Researches have summarised all sources of knowledge in an index but there is no measure in monetary terms. In this paper, we have developed a monetary measure based on an intellectual capital approach for 158 European cities. Using this measurement we analyse the effect of different levels of knowledge city development on economic variables in the labour market and service sector, which all governments consider key to economic recovery. The results demonstrate that cities with more sustainable wealth are better positioned in terms of the labour market and that accessibility, tourism and connectivity between cities are key factors for the development of knowledge. Keywords: knowledge cities; valuation system; sustainable wealth; labour market; service sector; intellectual capital; European cities. Reference to this paper should be made as follows: Alfaro Navarro, J-L., López Ruiz, V-R. and Nevado Peña, D. (2015) `An exploratory study of sustainable wealth for European knowledge cities', Int. J. Knowledge-Based Development, Vol. 6, No. 3, pp.202­214. Biographical notes: José-Luis Alfaro Navarro is a Professor of Statistics at

Journal

International Journal of Knowledge-Based DevelopmentInderscience Publishers

Published: Jan 1, 2015

There are no references for this article.