Knowledge-city index construction: An intellectual capital perspective |
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| Affiliation: | 1. University of Castilla-La Mancha, Department of Econometric, Faculty of Economics and Business Administration, Plaza de la Universidad, 1. 02071 Albacete, Spain;2. University of Castilla-La Mancha, Department of Statistics, Faculty of Economics and Business Administration, Plaza de la Universidad, 1. 02071 Albacete, Spain;3. University of Castilla-La Mancha, Department of Accounting, Faculty of Law and Social Sciences, Ronda de Toledo, s/n. 13071, Ciudad Real, Spain;1. School of Civil Engineering and Built Environment, Queensland University of Technology, 2 George Street, Brisbane, QLD 4001, Australia.;1. Institute of Environment for Sustainable Development (IESD), Tongji University, Shanghai, China;2. College of Mechanical Engineering, Tongji University, Shanghai, China;3. College of Architecture and Urban Planning, Tongji University, Shanghai, China;1. Faculty of Economics and Business, Dept. of Financial Economy II, Avda Lehendakari Aguirre 83, 48015 Bilbao, University of the Basque Country (UPV/EHU), Spain;2. Faculty of Economics and Business, Dept. of Financial Economy II, University of the Basque Country (UPV/EHU), Spain;1. Cardiff University, School of Planning and Geography, Cardiff, UK;2. Aston University, Business School, Birmingham, UK;3. Nottingham Trent University, Business School, Nottingham, UK;1. Department of Architecture and Urban Planning, Chung-Hua University, 707, Sec. 2, WuFu Rd., 30012 Hsinchu, Taiwan;2. Department of Civil Engineering, Chung-Hua University, 707, Sec. 2, WuFu Rd., 30012 Hsinchu, Taiwan;3. Physical Education Office, Yuanpei University of Science and Technology, No. 306, Yuanpei Street, 30015 Hsinchu, Taiwan |
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| Abstract: | Knowledge cities are the most capable of producing sustainable economic growth. Cities, where relationships between people are more extensive, provide the most natural environment in which to look for evidence of the knowledge spillovers so emphasized by the endogenous growth theory. The intellectual capital approach considers the ability to transform knowledge and intangible resources into sustainable long-term wealth. The approach does not only contemplate sustainability and social wellbeing, but also intangible factors such as human development, economic structure, trade, image and innovation. This paper proposes a novel methodology to measure intangible capital as the growth capacity of knowledge cities based on intellectual capital using a composite index of seven intangible factors, disaggregated into 19 dimensions with 73 different indicators. Using this methodology, we rank 158 European cities for which information is available. The results show clear differences between northern and southern European cities. The top positions in the ranking are occupied by cities with a favorable balance in human capital; the most important growth factors in the most developed cities being research, development and innovation and image components, whilst these together with the human components are the most important growth factors in the poorest cities. |
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| Keywords: | Growth capacity Index Intellectual capital Knowledge cities City ranking |
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