THE RELATIONSHIPS BETWEEN ECONOMIC GROWTH AND INTELLECTUAL CAPITAL: AN INTERNATIONAL STUDY

69th International Atlantic Economic Conference. Prague, Czech Republic
In this case we present an international study for 82 countries, as conclusions:

• We have proposed an indicator of intellectual capital that picks up factors with great influence on economic growth not captured by GDP.


• We have used efficiency index to group countries in accordance with the level of development.


• Structural factor (image, processes, technology…) are the most closely related to the wealth of a country.


• Human capital does not contribute significatly to economic growth.


• Countries that produce most good and services are the highest in intangible value.


• The differences between the first and last country in terms of GDP is smaller then the gap in terms of intellectual capital.


• Factor more important are structural.