Ivie
VALENCIAN INSTITUTE OF ECONOMIC RESEARCH

ABACO Observatory

In today’s world, it is generally agreed that a significant part of economic activity and growth, as well as opportunities for social and personal development, are based on knowledge. In fact, knowledge is demanded in advanced countries, where it is considered to be the way in which their economies can compete, generating sufficient value added to offset their high levels of costs. Growth deriving from knowledge-based activities is considered to be the great challenge facing Spain in coming years, as it means transforming an economy that has been based on traditional rather than knowledge-based activities.

It is in this context that ABACO (Observatory of Knowledge-Based Activities) rises as a joint project of the Valencia, International Campus of Excellence (VLC/CAMPUS) and the Ivie, in collaboration with the COTEC Foundation, which aims to become a national reference in the measurement and analysis of knowledge-based activities, as well as to assess their importance and impact in Spain.

One of the pillars of ABACO is the generation of its own information system, available on the ABACO website, which facilitates the analysis and diagnosis of the current situation and recent evolution of knowledge-based activities in Spain, as well as comparison with other countries.

ABACO offers users a powerful database with over 200 indicators structured in five areas:

  • New technologies
  • Human capital
  • Innovation system
  • Business environment
  • Socio-economic impact

ABACO also offers extensive detailed information on knowledge intensive GDP. The database contains information about the weight that knowledge-based factors have in the gross value added (GVA) of each of the eighteen countries studied (Australia, Austria, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Slovenia, Spain, South Korea, Sweden, United Kingdom, and USA). The results are also presented by sector of activity (according to the NACE Rev.1 classification) and are available for the period 1980-2007. In the case of Spain, data are provided until 2010.