The indicator displays human capital in knowledge-intensive areas benchmarked across ESPON space, as data availability allows. Human capital refers to the stock of knowledge and abilities which are applied to produce goods and. The composite indicator reflects the stock of human capital and its distribution across the programme area.
The synthetic indicator is composed of several sub-indicators which are individually picking up characteristics of the overall territorial dimensions in the framework of knowledge-intensive economic activities and the necessary inputs.
Theme(s): Economy, finance and trade - Economy, Finance and Trade
The indicator is calculated in the following manner:
In which the variable L_(i,t) represents overall normalised employment in medium knowledge intensive industries (e.g. financial and real estate services) in region i and at time t, Analogously, E_(i,t) represents normalised employment specifically in highly knowledge intensive industries (e.g. R&D) in a given region i and at time t. The variable P_(i,t) represents registered patents per NUTS-3.