KNOWLEDGE INTENSIVE SERVICES AND KNOWLEDGE-BASED ECONOMY IN SMALL EUROPEAN ECONOMIES
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This paper analyses development of the knowledge intensive business services (KIBS) in the small EU economies. After examination of historical trends in growth in KIBS the paper analyses relation between the KIBS consumption and development of the knowledge-based economy via an econometric model. The model identified employment in the KIBS, KIBS imports and investments in R&D as the major factors behind increases in high-tech exports. The concluding part of the paper sets development scenarios for growth in KIBS and advance of the knowledge-based economy in Slovakia.
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