Information in the knowledge economy: challenges and opportunities for Spain

Abstract

Based on the concept of information, we begin with a brief review of the definition of the knowledge economy. There are two lines of evaluating the knowledge economy: the first is based on the use of summary indicators in a model with four pillars: regulatory environment, education, ICT infrastructure and innovation; the second is more quantitative, using economic techniques of accounting knowledge. We then defend the use of an existing international summary indicator that provides an overview of the challenges and opportunities for the generation and use of knowledge in Spain, enhanced by the results of a recent study on the dissemination of knowledge in various productive sectors. After completing the analysis from both perspectives, we obtain some conclusions and recommendations that would enable a more optimal use of knowledge in Spain.