The Knowledge Indexes were designed as an interactive tool for benchmarking a country's position vis-a-vis others in the global
knowledge economy
The knowledge economy (or the knowledge-based economy) is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific inn ...
. It was created by the
World Bank Institute The World Bank Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing c ...
using the Knowledge Assessment Methodology (KAM). The World Bank discontinued the index after 2012.
'A joint initiative between the United Nations Development Programme (UNDP) and the Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF)' created 'The Global Knowledge Index (GKI) from Knowledge4All' as a replacement.
An EBRD 'Knowledge Economy Index' documented in a 2019 publication
uses indicators like institutional & legal frameworks (as a basis for patents etc.), number of technical graduates, research spending number of patents, some measure of collaboration, and amount of venture capital.
In total there are 38 contributing indicators described in the ERBD index methodology.
Knowledge Index
The Knowledge Index or KI is an economic indicator prepared by the
World Bank Institute The World Bank Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing c ...
to measure a country's ability to generate, adopt and diffuse knowledge. Methodologically, the KI is the simple average of the normalized performance scores of a country or region on the key variables in three Knowledge Economy pillars - education and human resources, the innovation system and information and communication technology (ICT).
Knowledge Economic Index
The Knowledge Economy Index (KEI) takes into account whether the environment is conducive for knowledge to be used effectively for
economic development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and ...
. It is an aggregate index that represents the overall level of development of a country or region towards the Knowledge Economy. The KEI is calculated based on the average of the normalized performance scores of a country or region on all 4 pillars related to the knowledge economy - economic incentive and institutional regime, education and human resources, the innovation system and ICT.
The 4 pillars of the Knowledge Economy framework
*An economic and institutional regime to provide incentives for the efficient use of existing and new knowledge and the flourishing of entrepreneurship;
*An educated and skilled population to create, share, and use knowledge well;
*An efficient innovation system of firms, research centers, universities, consultants and other organizations to tap into the growing stock of global knowledge, assimilate and adapt it to local needs, and create new technology;
*Information and communication technology to facilitate the effective creation, dissemination, and processing of information.
KEI and KI indexes by country
References
{{Reflist
*
/Http://web.worldbank.org/archive/website01030/WEB/IMAGES/KAM%20V4.PDF http://web.worldbank.org/archive/website01030/WEB/IMAGES/KAM_V4.PDF
Knowledge economy
World Bank
Economic indicators