Change of national intellectual capital in EU countries

Research output: Contribution to journalArticle

Abstract

The importance of national intellectual capital is widely recognized,
however it is difficult to define the value of these resources. In this
paper the value of national intellectual capital in EU countries and
its change is analysed. The aim of the analysis is to show how the
level of national intellectual capital changes in EU countries and
what the main sources of this change are. Firstly, the concept of
national intellectual capital is described. Secondly, national intellectual
capital measurement capabilities are analysed, and a model for
measuring national intellectual capital is proposed. The proposed
measurement model combines two indicators values aggregation
functions: refined methods of factor scores and a non-refined method
(SAW). This model is applied to evaluate the level of national
intellectual capital in EU countries during the period of 2002-2012.
The findings have shown that the level of national intellectual capital
increased in all analysed EU countries except Finland. The
growth was mainly influenced by the growth of human capital and
structural capital, though the level of social capital has decreased in
many countries during this period. The growth of national intellectual
capital was lower in countries, which initially had higher levels of
intellectual capital; and this finding shows that national intellectual
capital converges between EU countries.
Original languageEnglish
Pages (from-to)65-75
JournalMontenegrin Journal of Economics
Volume12
Issue number4
Publication statusPublished - 2016

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Intellectual capital
EU countries
Finland
Factor scores
Resources
Social capital
Human capital

Keywords

  • National intellectual capital
  • Human capital
  • Social capital
  • Structural capital
  • Relational capital

Cite this

Change of national intellectual capital in EU countries. / Mačerinskienė, Irena ; Mačerinskas, Jogaila ; Aleknavičiūtė, Rasa.

In: Montenegrin Journal of Economics, Vol. 12, No. 4, 2016, p. 65-75.

Research output: Contribution to journalArticle

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N2 - The importance of national intellectual capital is widely recognized,however it is difficult to define the value of these resources. In thispaper the value of national intellectual capital in EU countries andits change is analysed. The aim of the analysis is to show how thelevel of national intellectual capital changes in EU countries andwhat the main sources of this change are. Firstly, the concept ofnational intellectual capital is described. Secondly, national intellectualcapital measurement capabilities are analysed, and a model formeasuring national intellectual capital is proposed. The proposedmeasurement model combines two indicators values aggregationfunctions: refined methods of factor scores and a non-refined method(SAW). This model is applied to evaluate the level of nationalintellectual capital in EU countries during the period of 2002-2012.The findings have shown that the level of national intellectual capitalincreased in all analysed EU countries except Finland. Thegrowth was mainly influenced by the growth of human capital andstructural capital, though the level of social capital has decreased inmany countries during this period. The growth of national intellectualcapital was lower in countries, which initially had higher levels ofintellectual capital; and this finding shows that national intellectualcapital converges between EU countries.

AB - The importance of national intellectual capital is widely recognized,however it is difficult to define the value of these resources. In thispaper the value of national intellectual capital in EU countries andits change is analysed. The aim of the analysis is to show how thelevel of national intellectual capital changes in EU countries andwhat the main sources of this change are. Firstly, the concept ofnational intellectual capital is described. Secondly, national intellectualcapital measurement capabilities are analysed, and a model formeasuring national intellectual capital is proposed. The proposedmeasurement model combines two indicators values aggregationfunctions: refined methods of factor scores and a non-refined method(SAW). This model is applied to evaluate the level of nationalintellectual capital in EU countries during the period of 2002-2012.The findings have shown that the level of national intellectual capitalincreased in all analysed EU countries except Finland. Thegrowth was mainly influenced by the growth of human capital andstructural capital, though the level of social capital has decreased inmany countries during this period. The growth of national intellectualcapital was lower in countries, which initially had higher levels ofintellectual capital; and this finding shows that national intellectualcapital converges between EU countries.

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