Community Research and Development Information Service - CORDIS


KEI — Result In Brief

Project ID: 502529
Funded under: FP6-POLICIES
Country: Germany

A boost for the knowledge economy

Investigating different sides of research and development (R&D) will help the EU formulate better indicators to assess economic progress and advance concepts of a European knowledge-based economy.
A boost for the knowledge economy
Europe has been working fervently to create a knowledge economy, an ideology based on research expertise and innovation to foster competitiveness and growth. The EU-funded project 'Knowledge economy indicators: Development of innovative and reliable indicator systems' (KEI) aimed to formulate and upgrade existing indicators related to the knowledge economy. To achieve this it reviewed indicators and concepts of 25 EU countries, as well as those of Japan and the United States.

The project examined the different facets of the knowledge-based economy, identified gaps in existing knowledge on indicators and mapped the way forward to better assess the knowledge economy. It closely analysed composite indicators using different methods to test their accuracy and quality with the aim of improving them.

KEI demonstrated how it could enhance data on globalisation of R&D by considering outward R&D differently and incorporating it within existing statistics. It looked at harmonising the data from different countries covering R&D expenditures and personnel, investigating reasons for conducting R&D abroad as well.

The project also proposed matching company data of the EU R&D investment scoreboard with corresponding company data from the R&D to estimate outward R&D expenditures. Overall, KEI listed several ways to build surveys that would help assess the knowledge-based economy, inward R&D and outward R&D. The results of these surveys and the conclusions that they yield will enable us to understand how globalisation influences knowledge-based economies. Stronger, better European and world economies could emerge from this knowledge.

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