Project description

The project aimed to develop and improve indicators for the knowledge economy, including the analysis of aggregation issues and the use of composite indicators.

KEI reviewed existing concepts and definitions of the knowledge-based economy and its key components; it developed main thematic areas in relation to the Lisbon and Barcelona objectives and used these themes to classify existing indicators and thoroughly explore data and indicator quality issues.

Composite indicators were analysed in detail using both statistical and participatory approaches, including the use of multi-criteria methods, aggregation and weighting techniques, decomposition methods, and an evaluation of analytical and presentational techniques. Simulation methods were extensively employed to investigate the robustness of indicators and the conclusions based on them