A theoretical intellectual capital model applied to cities
Author:José Luis Alfaro Navarro, Víctor Raúl López Ruiz and Domingo Nevado Pena
JEL:C1, C23, F02, J24, O3, O57
DOI:
Keywords:intellectual capital, cities, information society, indicators, models, monitoring
public policies.
Abstract:
New Management Information Systems (MIS) are necessary at local level as the main
source of wealth creation. Therefore, tools and approaches that provide a full future vision
of any organization should be a strategic priority for economic development. In this line,
cities are “centers of knowledge and sources of growth and innovation” and integrated
urban development policies are necessary. These policies support communication networks
and optimize location structures as strategies that provide opportunities for social and
democratic participation for the citizens.
This paper proposes a theoretical model to measure and evaluate the cities intellectual
capital that allows determine what we must take into account to make cities a source of
wealth, prosperity, welfare and future growth. Furthermore, local intellectual capital
provides a long run vision. Thus, in this paper we develop and explain how to implement a
model to estimate intellectual capital in cities. In this sense, our proposal is to provide a
model for measuring and managing intellectual capital using socio-economic indicators for
cities. These indicators offer a long term picture supported by a comprehensive strategy for
those who occupy the local space, infrastructure for implementation and management of the
environment for its development.