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There is no internationally agreed framework for measuring the extent to which an economy or society is knowledge-based. As a contribution to debate on this topic, the Australian Bureau of Statistics has developed a framework for measuring a knowledge-based economy or society.
Most other work in this field refers to the so-called Knowledge-based Economy (sometimes called the New Economy or Modern Economy). The framework presented in this paper explicitly includes the concept of a knowledge-based society because of the presumed importance of social factors to economic change and the potential impacts on society of an increasing emphasis on the importance of knowledge It is, however, acknowledged that the treatment of knowledge in society in this framework is most strongly focussed on aspects which are related to the economy, either as inputs or outcomes.
The aim of this Discussion Paper is to stimulate discussion on the proposed framework. Readers are therefore invited to comment on the theoretical basis and structure of the framework, as well as the range of indicators proposed.