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ABSTRACT. The purpose of this article is to gain a deeper understanding of the function of knowledge in the economy, the social configuration of knowledge production and supervision, and the organization and strength of knowledge-based sectors. We are specifically interested in how previous research investigated the character and extent of the knowledge-based economy, the relevance of knowledge in economic activity, and elements and determinants of the knowledge economy. The results of the current study converge with prior research on the economic importance of knowledge associated with production techniques, resource readiness, and market circumstances, the dynamic and broad role of knowledge in the economy, and market processes that make the knowledge economy viable. pp. 168–174
JEL codes: D83; E24; J24; O15

Keywords: human capital; knowledge economy; social organization

How to cite: Popescu, Gheorghe H., Mihaela Comanescu, and Oana Matilda Sabie (2016), “The Role of Human Capital in the Knowledge-networked Economy,” Psychosociological Issues in Human Resource Management 4(1): 168–174.

Received 12 November 2015 • Received in revised form 14 March 2016
Accepted 16 March 2016 • Available online 15 May 2016

doi:10.22381/PIHRM4120168

GHEORGHE H. POPESCU
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Center for Applied Macroeconomic Analysis
at AAER, New York;
Dimitrie Cantemir Christian University, Bucharest
MIHAELA COMANESCU
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Bucharest University of Economic Studies
OANA MATILDA SABIE
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Bucharest University of Economic Studies

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