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Presentation Type
Open Access Poster Presentation
Keywords
Alaska--Economic conditions; Knowledge economy--Alaska;
Abstract
Alaska's economy has taken a direct hit as world oil prices plunged from a high well above $100 per barrel to very low prices per barrel, the analysts predicting output will continue to dwindle in the years to come. As a result of Alaska's full-blown dependence on oil money, the state now faces a budget deficit. Investment in knowledge –based economy seems to be appealing, and involving the human capacities is necessary. As the Alaska economy continues to recover from the recent financial crisis, the focus is now shifting towards how new sources of economic growth can be fostered that will provide the jobs and prosperity of the coming decade. In the state of Alaska there have been very few studies of knowledge economy and creative economy. The key components of a knowledge economy include a greater reliance on intellectual capabilities than on physical inputs or natural resources, combined with efforts to integrate improvements in every stage of the production process. Patents are usually considered as a represented of knowledge economy. We provide evidence drawn from patent data to document an upsurge in knowledge production. We investigate spatial distribution of patents and topological characteristics of innovation activities in Alaska. The primarily results show that Alaska has considerable patent activity, especially in some fields, that there is strong clustering of innovation in major urban areas and in a number of highly specialized communities and that there is a relationship between innovation and economic development in the state.
Start Date
4-4-2017 1:00 PM
End Date
4-4-2017 4:30 PM
Faculty Advisor
Andrey Petrov
Department
Department of Geography
Copyright
©2017 Salma Zbeed
File Format
application/pdf
Embargo Date
6-30-2017
The New North: Patents and Knowledge Economy in Alaska
Alaska's economy has taken a direct hit as world oil prices plunged from a high well above $100 per barrel to very low prices per barrel, the analysts predicting output will continue to dwindle in the years to come. As a result of Alaska's full-blown dependence on oil money, the state now faces a budget deficit. Investment in knowledge –based economy seems to be appealing, and involving the human capacities is necessary. As the Alaska economy continues to recover from the recent financial crisis, the focus is now shifting towards how new sources of economic growth can be fostered that will provide the jobs and prosperity of the coming decade. In the state of Alaska there have been very few studies of knowledge economy and creative economy. The key components of a knowledge economy include a greater reliance on intellectual capabilities than on physical inputs or natural resources, combined with efforts to integrate improvements in every stage of the production process. Patents are usually considered as a represented of knowledge economy. We provide evidence drawn from patent data to document an upsurge in knowledge production. We investigate spatial distribution of patents and topological characteristics of innovation activities in Alaska. The primarily results show that Alaska has considerable patent activity, especially in some fields, that there is strong clustering of innovation in major urban areas and in a number of highly specialized communities and that there is a relationship between innovation and economic development in the state.
Comments
Location: Maucker Union University Room