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What is Economic Complexity Index

Regulating Human Rights, Social Security, and Socio-Economic Structures in a Global Perspective
An index that reflects the level of knowledge and skills of a given country.
Published in Chapter:
Examining the Relationship Between Knowledge and Well-Being as Values of a Society: An Empirical Analysis for Turkey
Betül Can (Osmangazi University, Turkey) and Muhlis Can (BETA Akademi, Turkey)
DOI: 10.4018/978-1-6684-4620-1.ch013
Abstract
Knowledge and well-being have gained importance as values in the 21st-century information society, both individually and collectively. This study aimed to examine the relationship between these two values for Turkey over the period 1990 and 2017. The authors use the Johansen cointegration test, dynamic ordinary least square (DOLS), and fully modified ordinary least square (FMOLS) in the empirical section. As a result of the cointegration test, it is concluded that a society's knowledge and skills and its human well-being level move in the long run. DOLS and FMOLS results demonstrate that level of the knowledge-skills of the society has a positive and statistically significant impact on human well-being in Turkey. As a result of the findings, policy recommendations were discussed in the last part of the study.
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