A measurement framework for knowledge-based economy (KBE) efficiency in ASEAN: a data envelopment (DEA) window approach

Afzal, Munshi Naser Ibne and Lawrey, Roger (2012) A measurement framework for knowledge-based economy (KBE) efficiency in ASEAN: a data envelopment (DEA) window approach. International Journal of Business and Management, 7 (18). pp. 57-68. ISSN 1833-3850

[img] PDF (Published Version)
Afzal_Lawrey_IJBM_v7n18_PV.pdf

Download (192Kb)

Abstract

The objective of this paper is to assess the relative efficiencies of ASEAN-5 countries in their development of
knowledge-based economies (KBEs) during the period 2005-2010. The KBE concept was first used by the
Organization for Economic Co-operation and Development (OECD) describing it as an economy which is
directly based on the production, distribution and use of knowledge and information. Subsequently, the Asia
Pacific Economic Cooperation forum (APEC) and the World Bank Institute (WBI), along with the OECD,
extended the concept and developed frameworks to compare the status of the knowledge base of different
economies. These frameworks identify four core dimensions: knowledge acquisition, production, distribution
and utilization, and use many structural and qualitative variables in their analysis. But none of the current
methodologies explicitly divide the KBE indicators under these four core dimensions or measure the efficiency
with which knowledge inputs are transformed to knowledge outputs. This paper attempts to fill the gap in
existing literature by building a policy-focused KBE framework, selecting appropriate indicators from the
existing OECD and WBI KBE frameworks and assessing the relative input-output efficiencies of the ASEAN-5
countries in the development of their KBEs over time. For this purpose we use the linear programming
application of Data Envelopment (DEA) Window Analysis. The DEA/Window scores allow the comparison of
the relative performance of each country regarding each dimension of KBE. The importance of this study,
however, is not so much the immediate result which highlights comparative efficiencies, but rather that
DEA/Window is a workable model which can take the study of KBE further in investigating the contributory
factors of KBE.


Statistics for USQ ePrint 22350
Statistics for this ePrint Item
Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: This work is licensed under a Creative Commons Attribution 3.0 License.(http://creativecommons.org/licenses/by/3.0/)
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 20 Dec 2012 02:17
Last Modified: 18 Aug 2014 23:51
Uncontrolled Keywords: knowledge-based economy, KBE frameworks, policy focused framework, ASEAN-5, OECD, APEC, WBI, DEA/Window
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910406 Technological and Organisational Innovation
Identification Number or DOI: 10.5539/ijbm.v7n18p57
URI: http://eprints.usq.edu.au/id/eprint/22350

Actions (login required)

View Item Archive Repository Staff Only