Evaluation of Intelligent Territories in the Knowledge Society |

Evaluation of Intelligent Territories in the Knowledge Society

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An Intelligent Territory (IT) or Smart Land is a geographical entity which is able to build its own competitive advantage through continuous learning and innovation maintaining a balance between economic, social and environmental objectives that lead to sustainable development and social cohesion. As such, an IT is characterised by its ability to generate knowledge and qualifications and transform them into sustainable advantages as well as to retain and attract strategic resources and creative talent. In an IT sustainable economic development means an efficient use of natural and social resources by promoting the active participation and collaboration of public and private institutions and citizens in decision making processes leading to the construction of new models of development and social welfare. From the definition of IT we see that some of its main ingredients are competitiveness, innovation, knowledge, sustainability, environmental protection, social cohesion, governance and globalisation as well as the use of new (i.e. information) technologies among others. Therefore, a model for the evaluation and monitoring of a certain geographical entity (be it a country, a region, a city or otherwise) in terms of the concept of IT must include statistical indicators related to all those components that can be classified in different so-called 'development vectors' pertaining to areas of interest such as the economic, physical or social environments. Thus, the core of the proposed evaluation model consists on a statistical-econometric method (based on the application of Data Envelopment Analysis to the Principal Factors obtained from the estimation of a factorial model for the indicators included in each of the development vectors and areas of interest) that summarises the available information from a system of indicators with the aim of helping decision makers to implement strategies appropriate to the sustainable development of a certain territory. As illustration, the proposed methodology is applied to obtain a ranking of NUTS2 EU regions in the area of Creative Economy which may also serve as a benchmark for subsequent evaluations of other territories

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Javier Fernández-Macho, Full Professor of Econometrics, Department of Econometrics and Statistics (Applied Economics III), University of the Basque Country (UPV/EHU)

Monday, 20 July 2009
12.15 p.m. - 1.30 p.m.

Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

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