Developing Of Methodology Of World Bank's Knowledge Economy Indicator From The Perspective Of Internal Growth Models

Abstract

The research objective is to develop a methodology for the World Bank's knowledge economy indicator from the perspective of internal growth models. The research aims to analyze the approach of internal growth models in interpreting the impact of knowledge on the knowledge economy and in the knowledge-based economy, as well as to evaluate the approach of internal growth models in interpreting the impact of knowledge on the knowledge economy and the knowledge-based economy. Methodology: the author used the induction method to induce the realistic components of the knowledge economy indicator in the frame of the internal growth models that oriented the side of knowledge in the growth. Findings: the author concluded with several results, one of the highlights is that it's essential to differentiate between knowledge production inputs and knowledge outputs, and this differentiation must be reflected in its role in establishing the measures of the knowledge economy. The number of study years and the number of training years should be processed as special with the workforce already operating and not to graduates. Replace the rate of enrollment in higher education with the number of study years of the already working workforce that have higher education.