|
on Economics of Strategic Management |
|
Issue of 2022‒10‒17
eight papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Ioannis Giotopoulos; Alexander S. Kritikos; Aggelos Tsakanikas |
| Abstract: | We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the continuation of the crisis is harmful for the R&D engagement of smaller firms while it increased the willingness for R&D activities among the larger ones. At the second stage, among smaller firms the knowledge production remains unaffected by R&D investments, while among larger firms the R&D decision is positively correlated with the probability of producing innovation, albeit the relationship is weakened as the crisis continues. At the third stage, innovation output benefits only larger firms in terms of labor productivity, while the innovation-productivity nexus is insignificant for smaller firms during the lasting crisis. |
| Keywords: | Small firms, large firms, R&D, innovation, productivity, long-term crisis |
| JEL: | L25 L60 O31 O33 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp2009&r= |
| By: | Yin Li (Fudan University); William Lazonick (The Academic-Industry Research Network) |
| Abstract: | We employ the "social conditions of innovative enterprise" framework to analyze the key determinants of China's development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided foundational support for the emergence of Chinese enterprises capable of technological learning. Second, we delve into the main modes by which Chinese firms engaged in technological learning from abroad -joint ventures with foreign multinationals, global value chains, and experienced high-tech returnees - that have contributed to industrial development in China. Third, we provide evidence on achievements in indigenous innovation - by which we mean improvements in national productive capabilities that build on learning from abroad and enable the innovating firms to engage in global competition - in the computer, automobile, communication - technology, and semiconductor - fabrication industries. Finally, we sketch out the implications of our approach for current debates on the role of innovation in China's development path as it continues to unfold. |
| Keywords: | China, investment, infrastructure, knowledge, indigenous innovation, globalization, development. |
| JEL: | D2 F2 F6 H1 H4 H5 H7 L1 L2 L5 L6 O1 O2 O3 O5 P1 |
| Date: | 2022–08–11 |
| URL: | http://d.repec.org/n?u=RePEc:thk:wpaper:inetwp190&r= |
| By: | Thomä, Jörg |
| Abstract: | Regarding the spatial impact of digitalization, the concern is often expressed that rural areas and the companies located there are disadvantaged by a digital divide compared to urban regions. Against this background, this paper explores the role of the urban/rural location of a small firm in the use of digital communication and information technologies (ICT). With the help of a cluster analysis approach, different modes of digitalization in the German small enterprise sector are identified. According to this, four groups of small firms can be distinguished in accordance to the maturity level concept of digital transformation: non-digital firms, digital beginners, platform-oriented firms and digital manufacturers. From a spatial perspective, it can be seen that the members of the platform-oriented group are relatively often located in urban regions, whereas the digital manufacturers are relatively often found in rural areas. These findings are interpreted as an indication that small firms at least partially consciously assign themselves to one of these digitalization modes, depending on which business model is most effective in the respective (urban or rural) business environment. By contrast, whether a small firm has not yet done anything in terms of digitalization or is only at the beginning of the digital transformation process does not significantly depend on the location of the company. The paper concludes with implications for policy and research. |
| Keywords: | Digitalization,Rural regions,Digital divide,Urban-rural typology,SMEs |
| JEL: | D22 O33 R11 R12 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:ifhwps:372022&r= |
| By: | Katharina Friz |
| Abstract: | Environmental innovation (EI) plays an important role in decoupling economic growth and environmental harm. This paper focuses on the environmental innovation behavior of companies in transition countries of Eastern Europe and Central Asia, which have been little studied so far. These countries share the Soviet legacy of environmental mismanagement, and have restructured their innovation systems relatively recently in the course of transition. The EBRD-EIB-WB Enterprise Survey (2018-2020) allows us to examine the determinants of environmental innovation in 29 transition countries. Although the theory places a greater emphasis on external sources of knowledge in EI, the results indicate that collaborative R&D is still quite weak in these countries. Moreover, environmental regulation increases the likelihood of adopting energy efficiency measures, while customers demanding environmental standards increase the likelihood across all innovation activities, indicating an increasing sustainability awareness among consumers. |
| Keywords: | Environmental innovation, transition economies, firm-level data, logit model |
| JEL: | O12 O31 O32 O5 Q55 |
| Date: | 2021–09 |
| URL: | http://d.repec.org/n?u=RePEc:atv:wpaper:2107&r= |
| By: | Ugo RIZZO; Valerio STERZI |
| Abstract: | In this article, we analyse the characteristics of science-industry patents with respect to non-collaborative industry patents and industry-industry collaborative patents. This analysis covers patents filed in the years 1978-2015 (and granted up to 2020) at the European Patent Office (EPO) in four large European countries (Germany, France, Italy and the UK) and in the US. We consider three dimensions to assess the characteristics of patents: the knowledge base, the technological impact, and the economic value. Science-industry collaborative patents are averagely more sophisticated and similar or higher impact than other industry patents. However, depending on the proxy chosen, they are of similar or lower economic value compared to non-collaborative industry patents and to industry-industry collaborative patents. When we control for the experience of private companies in collaborating with academic institutions, we observe that more experienced collaborations produce slightly less sophisticated and impactful patents, but with higher economic value. We discuss different explanations of these findings. |
| Keywords: | University patent, patent value, patent collaboration, Science-Industry |
| JEL: | O31 O34 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:grt:bdxewp:2022-15&r= |
| By: | Olatunji A. Shobande (University of Aberdeen, UK); Lawrence Ogbeifun (University of Mississippi, USA); Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | This study explored whether globalisation and technology are harmful to health for a global panel dataset of 52 countries for the period of 1990–2019. The study focused on four continents: Africa, the Americas, Asia/Oceania, and Europe. We used four advanced econometric methodologies, which include the standard panel fixed effect (FE), Arellano-Bover/Blundell-Bond dynamic panel analysis, Hausman-Taylor specification, and Two-Stage Least Squares (FE-2SLS)/Lewbel-2SLS approach. Our empirical evidence highlights the significance of globalisation and technology in promoting global health. Our findings are not only of interest because it suggests that globalisation has varied impact on global health indicators, but they indicate that technology is useful in tracking, monitoring, and promoting global health. In addition, our empirical evidence indicates that a truly health-centered process of globalisation and technological innovation can only be realised by ensuring that the interests of countries and vulnerable populations to health risks are adequately considered in international decision-making regarding global economic integration. We suggest that achieving the aspiration of global health will entail the use of globalisation and information technology to extend human activities and provide equal access to global health. |
| Keywords: | globalisation; technology; global health |
| JEL: | C52 O38 O40 O55 P37 |
| Date: | 2022–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:22/070&r= |
| By: | Mahdi Ghodsi (The Vienna Institute for International Economic Studies, wiiw); Branimir Jovanović (The Vienna Institute for International Economic Studies, wiiw) |
| Abstract: | This study investigates the determinants of FDI in Austria, as well as their spillovers to innovating technologies, productivity, and employment, using firm-level data, for the period 2008-2018. The findings point out that a decrease in the costs of trade increases investment in foreign-owned subsidiaries in Austria, and that FDI is pre-dominantly carried out in industries characterised by greater capital-intensity, higher wages, more agglomeration and regional concentration. Furthermore, FDI is higher in regions with a larger GDP and with a larger share of the population with upper secondary and post-secondary non-tertiary education. The study also finds that there are positive spillovers of FDI to the domestic economy, which are strongest and most positive for innovative activities in environmental technologies. In other words, FDI helps Austrian firms to become more innovative in major environmental technologies. Such innovative efforts are best supported at the firm-level by supporting the total assets and investment of domestic firms, and at the regional level by increasing the share of the population with higher levels of education and employing more R&D personnel. The active presence of innovative foreign MNEs that enjoy extensive technological capacities, high-skilled labour, experienced management, and large-scale resources are also conducive to innovative activities. |
| Keywords: | FDI, Austria, spillovers, innovation, environmental technologies |
| JEL: | F21 F23 O30 Q55 |
| Date: | 2022–10 |
| URL: | http://d.repec.org/n?u=RePEc:wii:wpaper:221&r= |
| By: | Philip Kerner; Torben Klarl; Tobias Wendler |
| Abstract: | Green technologies are at the very core of endeavors to combine economic and environmental targets to achieve sustainable growth. In this article, we aim to determine the impact of green technology development on total factor productivity of European regions. Our paper contributes to the literature on technological change and regional growth in various ways. i) Our paper is, to the best of our knowledge, the first to assess the specific role of green technologies for regional growth on a broad empirical base. ii) We advance methodologically on the pertinent literature by explicitly accounting for cross-sectional dependence in our empirical approach. iii) By providing a simple theoretical framework, we directly link our results to implications of environmental policies for capital accumulation and composition dynamics, contributing to the ongoing debate revolving around the strong version of the Porter hypothesis. Our results, based on a sample of 270 European NUTS-2 regions over 25 years, imply that general technology development is mostly associated with positive economic returns, but our data is not supportive of positive economic returns to green technologies. |
| Keywords: | Regional Growth, Green Technologies, Environmental Policy, Cross-Sectional Dependence |
| JEL: | C23 O0 O33 |
| Date: | 2021–06 |
| URL: | http://d.repec.org/n?u=RePEc:atv:wpaper:2104&r= |