Explaining variations in the knowledge economy in three small wealthy countries

Parker, Rachel (2004) Explaining variations in the knowledge economy in three small wealthy countries. Technology Analysis & Strategic Management, 16 3: 343-366. doi:10.1080/0953732042000251133

Author Parker, Rachel
Title Explaining variations in the knowledge economy in three small wealthy countries
Journal name Technology Analysis & Strategic Management   Check publisher's open access policy
ISSN 0953-7325
Publication date 2004
Sub-type Article (original research)
DOI 10.1080/0953732042000251133
Volume 16
Issue 3
Start page 343
End page 366
Total pages 24
Place of publication United Kingdom
Publisher Carfax
Collection year 2004
Language eng
Subject C1
360203 Research, Science and Technology Policy
1503 Business and Management
Abstract At a broad level, it has been shown that different institutional contexts, policy regimes and business systems affect the kinds of activities in which a nation specialises. This paper is concerned with the way in which different national business systems affect the nature of participation of a nation in the knowledge economy. The paper seeks to explain cross-national variations in the knowledge economy in the Australia, Denmark and Sweden with reference to dominant characteristics of the business system. Although Australia, Denmark and Sweden are all small wealthy countries, they each have quite distinctive business systems. Australia has been regarded as a variant of the competitive business system and has generally been described as an entrepreneurial economy with a large small firm population. In contrast Sweden has a coordinated business system that has favoured large industrial firms. The Danish variant of the coordinated model, with its well-developed vocational training system, is distinguishable by its large population of networked small and medium size enterprises. The three countries also differ significantly on two dimensions of participation in the knowledge economy. First, there is cross-national variation in patterns of specialisation in knowledge intensive industries and services. Second, the institutional infrastructure of the knowledge economy (or the existing stock of knowledge and competence in the economy, the potential for generation and diffusion a new knowledge and the capacity for commercialisation of new ideas) differs across the three countries. This paper seeks to explain variations in these two dimensions of the knowledge economy with reference to characteristics of the business system in the three countries.
Keyword Multidisciplinary Sciences
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: 2005 Higher Education Research Data Collection
School of Political Science and International Studies Publications
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Citation counts: TR Web of Science Citation Count  Cited 4 times in Thomson Reuters Web of Science Article | Citations
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Created: Wed, 15 Aug 2007, 04:19:25 EST