knowledge flows

Economic Complexity and Knowledge Economy: Diffusion of the Knowledge as a Factor for Economic Growth

The purpose of the paper is the establishment of relationships between economic complexity and knowledge economy. The main method is correlation analysis, namely a pairwise correlation test. Another characteristic of the chosen approach is the employment of Economic Complexity Index (ECI) and Knowledge Economy Index (KEI). The main finding is a strong and statistically significant correlation between the economic complexity index and the knowledge economy.