|
on Economics of Strategic Management |
|
Issue of 2023‒10‒30
nine papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Moid, Md Zubab Ibne (University of North Carolina at Greensboro, Department of Economics); Buaka, Emefa (University of North Carolina at Greensboro, Department of Economics); Link, Albert (University of North Carolina at Greensboro, Department of Economics) |
| Abstract: | We identify quantitatively, using cross-country data from the Global Innovation Index, a path through which R&D (research and development) operates to affect economic growth and development. The path we consider is one that relates to enhancing the knowledge economy. Specifically, we contribute to the literature through the quantification of the antecedents and consequences of newly created knowledge: R&D creation of new knowledge economic growth and development. And, we show statistically that the R&D creation of new knowledge relationship is enhanced when businesses collaborate with universities. Not only is this collaborative indirect relationship new to the knowledge creation literature, but also it is based on the estimation of a model specification that has not previously been considered. |
| Keywords: | Global Innovation Index; knowledge economy; R&D; business-university collaboration; |
| JEL: | O33 O47 O50 |
| Date: | 2023–10–18 |
| URL: | http://d.repec.org/n?u=RePEc:ris:uncgec:2023_008&r=cse |
| By: | Daisuke Matsuzaki; Yoshiyasu Ono |
| Abstract: | When confronting economic stagnation, innovation (product innovation in particular) is often cited as an effective stimulus because it is assumed to encourage household consumption and lead to higher demand. Using a secular stagnation model with wealth preference, we examine the effects of product innovation on employment and consumption. This study examines three types of product innovation, including quantity-augmenting-like innovation, addictive innovation, and variety expansion. The first works as if a larger quantity were consumed although the actual quantity remains the same, the second reduces the elasticity of the marginal utility of consumption, and the third increases the variety of consumption commodities. We find that the first and third reduce both consumption and employment, whereas the second expands them. It suggests that policy makers should carefully choose the type of product innovation to promote as an economic stimulus: addictive innovation stimulates business activity whereas quantity-augmenting-like innovation and variety expansion worsen stagnation. |
| Date: | 2023–03 |
| URL: | http://d.repec.org/n?u=RePEc:dpr:wpaper:1204rr&r=cse |
| By: | Tacsir, Ezequiel; Pereira, Mariano |
| Abstract: | This study presents new findings on the impact of the COVID-19 pandemic on productivity and innovation for Caribbean firms, with particular focus on the effects on firm gender diversity and workforce composition. Research on the impact of women's participation on firm performance and innovation has so far produced mixed results, though there is some evidence to suggest that for Latin America, larger shares of women in the knowledge creation and innovation process may increase innovative behavior and, as a consequence, lead to greater labor productivity. In the current context, female participation in firms becomes an even more pressing issue, given the early indications of the pandemics disproportionately negative burden on women s income and jobs in different regions. We found that the gender composition of the personnel has an interesting direct effect on productivity. At the same time, our results show that the expected reductions in female personnel due to the pandemic, have a negative effect in the shares of female participation which, in turn, have the potential to nullify the mentioned productivity channel. This suggests the existence of a minimum threshold of female participation to profit from diversity. Hence, it seems that policy should focus particularly on protecting female jobs, particularly in the wake of dramatic shocks affecting revenues and/or employment. |
| Keywords: | Caribbean;pandemic;innovation;gender;Productivity |
| JEL: | O32 J16 D22 |
| Date: | 2023–03 |
| URL: | http://d.repec.org/n?u=RePEc:idb:brikps:12735&r=cse |
| By: | OECD |
| Abstract: | This document reports on the final output of the OECD microBeRD+ project. Drawing on the outcomes of previous work, this study presents new evidence on the impact of business R&D support policies – tax incentives and direct forms of support – on business R&D investment (R&D input additionality) and the innovation and economic performance of firms (R&D output additionality). The report also provides an exploratory analysis of R&D spillovers. |
| JEL: | H25 O38 L25 |
| Date: | 2023–10–09 |
| URL: | http://d.repec.org/n?u=RePEc:oec:stiaac:159-en&r=cse |
| By: | de Rojas, Félix Hernández; Pita, Pilar Rodríguez; Pérez Martínez, Jorge Emiliano |
| Abstract: | There is an intrinsic relationship between innovation and digitalization, marked by the specific and structural socioeconomic characteristics of our regions and countries. These characteristics explain the territory heterogeneity and determine in many cases specific paths for the next digital transformations in the EU. The EU is answering this movement with an ambitious multimillion public investment, the NextGeneration Funds, and an ample set of policies to encourage its digital 2030 agenda: innovation is in front line, governing most of the decision for countries' digitalization under our specific set of European values (Hajighasemi et al., 2022) But there are some tough questions countries cannot ignore: are all these economical efforts around innovation well addressed to foster digital transformation? To what extent a country offers a different behavior across this intime relationship between digitalization and innovation? In which aspects higher degrees in innovation means a higher advantage for the economic and social digitalization in a country? Innovation, as it is broadly defined in the European Innovation Scoreboard (EIS), published by European Commission, is a complex concept built by a multitude of interacting aspects that do not necessarily work synergistically: a framework of conditions, innovation activities, investment, and economics impacts. The consequential results of cross-cutting drivers, such as digitalization, is often difficult to assess, as the achievement of certain targets may also inadvertently hinder progress towards others. Although digitalization in economy implies positive relationship with technological innovation (Yuan et al., 2021), and digital transformation boosts companies' innovation and performance (Ferreira et al., 2019), other results show that besides improving the level of business digitalization, innovation has a direct influence on business performance, as well as acting as a moderating variable that should be aligned with strategy (Fernández-Portillo et al., 2022). However, other research shows that innovation activities do not necessarily imply technological improvements (Zabala-Iturriagagoitia et al., 2021). Our study describes a comprehensive and systematic European country-based analysis of statistical associations between both, digitalization and innovation indicators operating at several different levels to understand better these apparent contradictions. We use for this study a regression and some graphical analyses, using open data coming from EIS and DESI (Digital Economy and Society Index), this last one used by the European Commission to measure countries' digitalization in Europe. Also, we have considered structural economic indicators which complement the EIS related to country's wealth, population and rule of law, business activity, innovation enterprise segmentation and environmental factors. (...) |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itse23:277953&r=cse |
| By: | Serafica, Ramonette B.; Albert, Jose Ramon G.; Quimba, Francis Mark A.; Vizmanos, Jana Flor V.; Muñoz, Mika S.; Andrada, Abigail E.; Moreno, Neil Irwin S.; Hernandez, Angelo C. |
| Abstract: | Following Schumpeter’s ideas, the Oslo Manual defines innovation as “the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organization or external relations”. With the advent of the Fourth Industrial Revolution, governments have become even more cognizant of innovation as a major driver of economic performance, from output to productivity and competitiveness. The Philippine government acknowledges its role in establishing and maintaining a conducive policy environment to encourage innovation and support the country’s innovation ecosystem. Examining innovation and its relation to economic growth, the study involves the conduct and analysis of the 2021 PIDS Survey of Innovation Activities (PSIA). Unlike the first PSIA undertaken in 2015 and a pilot of the survey conducted in 2009, the 2021 PSIA provides a nationally representative reading of the entire Philippine business and industry. The survey suggests that as of 2021, a third (33.6%) of firms are innovation active, with innovation practiced more among medium and large establishments than micro and small ones. Moreover, innovation is much more prevalent in Mindanao, among major islands, and in information and communications technology firms (and least in agriculture). Aside from the information on innovation activities, data on the use of digital platforms by Philippine businesses were also gathered in the 2021 PSIA in recognition of the expanding markets arising from rising digitalization and more rapid use of the internet, even by micro, small and medium enterprises. The survey results of the 2021 PSIA are expected to be inputs on how government can be more successful in mainstreaming innovation in the country. Comments to this paper are welcome within 60 days from the date of posting. Email publications@pids.gov.ph. |
| Keywords: | innovation;product innovation;process innovation;organizational innovation;marketing innovation;Fourth Industrial Revolution;platform economy;digital platforms;micro, small, and medium enterprises;MSMEs |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:phd:dpaper:dp_2023-11&r=cse |
| By: | Nienow, Sara (RTI International); Leonchuk, Olena (RTI International); O'Connor, Alan (RTI International); Link, Albert (University of North Carolina at Greensboro, Department of Economics) |
| Abstract: | The National Heart, Lung, and Blood Institute (NHLBI) is the fourth largest institute in the U.S. National Institutes of Health (NIH). Surprisingly, there is a conspicuous void of policy studies related to the research activities of NHLBI in comparison to NIH or to the National Cancer Institute. This paper investigates the likelihood that a business funded through NHLBI’s Small Business Innovation Research (SBIR) program will commercialize from its Phase IIB translational support. Commercialization is one performance metric that quantifies a policy dimension of the success of the funded SBIR project. Based on an empirical analysis of 61 Phase IIB projects, we find that the most significant covariate with the likelihood of commercialization is the growth in human capital within the business since the Phase IIB award. |
| Keywords: | NHLBI; Phase IIB projects; SBIR program; technology commercialization; |
| JEL: | H11 H51 O38 |
| Date: | 2023–10–06 |
| URL: | http://d.repec.org/n?u=RePEc:ris:uncgec:2023_007&r=cse |
| By: | Kokkinis, Dimitris; Ioannou, Nikos; Katsianis, Dimitris; Varoutas, Dimitris |
| Abstract: | The last years have witnessed a surge in research papers focusing on the visions, enabling technologies, use cases, business models, and applications of 6G Wireless Communications Networks. While the technological advancements have garnered significant attention, the technoeconomic feasibility of these proposed solutions remains unanswered. Due to the performance improvements over 5G and the necessary network densification, the implementation of a new 6G network is anticipated to incur significant infrastructure expenses. However, these expenditures can be reduced with careful planning and a smooth transition from 5G to 6G. It is crucial to study this transition and the interplay between parameters such as anticipated technologies, applications, services, business models, and policies to ensure the affordability of 6G systems. This research aims to provide a first, comprehensive technoeconomic framework capable of evaluating proposed technologies, use cases, and business models for the evolution of 6G wireless communications, in comparison to 5G deployments. The framework seeks to address fundamental questions such as the cost-effectiveness of adopting specific technologies in the deployment phase and the feasibility of proposed business models in terms of revenue generation and demand assumptions. Such knowledge is invaluable to researchers, engineers, regulators, and other industry actors as it enables quantification and assessment of different 6G deployments and investments. Additionally, it paves the way for an open, cross-industry dialogue on the economic prospects of 6G within a clear framework. Assessing various technology combinations prior to the standardization of 6G offers a significant advantage in terms of globally economical, high-capacity, and low-latency road mapping for broadband access. By developing a technoeconomic framework that considers both technical and economic aspects, this research contributes to the understanding and planning of 6G networks. The framework aids in the evaluation and selection of technologies and business models that align with cost-effective deployment strategies. Ultimately, it enables stakeholders to make informed decisions regarding the future development and deployment of 6G wireless communication networks. |
| Keywords: | 6G mobile communication, Business models, Techno-economic analysis, 5G mobile communication, Technology enablers, Feasibility |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itse23:277988&r=cse |
| By: | Mingze Gao (University of Sydney); Yunying Huang (University of Sydney); Steven Ongena (University of Zurich; Swiss Finance Institute; KU Leuven; NTNU Business School; Centre for Economic Policy Research (CEPR)); Eliza Wu (University of Sydney) |
| Abstract: | Do banks accumulate knowledge about corporate technology, and does it matter for their lending? To answer this question, we combine corporate innovation with syndicated loan data. We find that loans to firms sharing similar technologies with banks’ prior borrowers obtain lower loan spreads. We can rule out product market competition, the value of their technology and ability to innovate, and/or numerous other firm characteristics as alternative explanations. By exploiting the adoption of intellectual property protection laws and the consummation of bank mergers and acquisitions, we can show that shocks to banks’ technology knowledge causally affect loan spreads. |
| Keywords: | technology similarity, loan contracting, matching model, relationship lending |
| JEL: | G21 G32 O33 |
| Date: | 2023–09 |
| URL: | http://d.repec.org/n?u=RePEc:chf:rpseri:rp2384&r=cse |