Elena Širá – Faculty of Management, University of Prešov in Prešov, Konštantínova 16, 080 01 Prešov, Slovakia

DOI: https://doi.org/10.31410/ITEMA.S.P.2019.157

Each economy contains a key resource that determines its economic growth. Knowledge is
the main source in the knowledge economy. Its creation and use have a dominant share in wealth creation.
However, it is not only a matter of deepening existing knowledge, but also of using it effectively
and applying it to all economic activities. The aim of the paper is to determine, if the performance of
the country in the area of knowledge economy influences its competitiveness. The knowledge economy
will be evaluated through selected indicators, such as number of scientific publications and number of
patents. To evaluate the competitiveness, were used the data from competitiveness ranking published
by the World Economic Forum. The article investigated these indicators in the example of selected
countries from the Europe. It assessed the dependence between the number of scientific publications
per capita and the number of patent applications per capita.

Keywords

Knowledge Economy, Scientific Publications, Patents, Development.

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