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6 KNOWLEDGE BASED ECONOMY AND SOCIETY FRAMEWORK AND INDICATORS
The ABS Discussion Paper presents a descriptive framework for measuring the knowledge-based economy and society (KBE/S) through use of relevant statistics. The framework proposes a range of indicators grouped in broad dimensions to enable assessment of the degree to which Australia is a knowledge-based economy and society. The dimensions are: context, innovation and entrepreneurship, human capital, information and communications technology, and economic and social impacts. Within each dimension there are identified a number of characteristics and possible statistical indicators of that characteristic (for example, within the "human capital" dimension, one characteristic is "stock of skilled people", one indicator for which might be "researchers as a proportion of the labour force"). The paper also identifies some of the more obvious data gaps and deficiencies.
A complementary compilation of relevant data has recently been published by the Department of Industry, Tourism and Resources (DITR), as Australia as a Modern Economy — Some Statistical Indicators, 2002. This publication presents much of the relevant data that is already publicly available, including comparisons with other countries and Australia’s past performance.
A summary and full text of Australia as a Modern Economy are available on the DITR web site at: http://www.industry.gov.au
A subset of these indicators in the form of an 'Innovation Scorecard' will be published by the DITR soon, as part of the government's annual report on innovation. Please visit the Innovation web site at http://www.innovation.gov.au
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