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on Knowledge Management and Knowledge Economy |
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Issue of 2008‒12‒14
six papers chosen by Laura Stefanescu European Research Centre of Managerial Studies in Business Administration |
| By: | Yuri, YATSENKO; Raouf, BOUCEKKINE (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)); Natali, HRITONENKO |
| Abstract: | Several R&D-based models of endogenous economic growth are investigated under the Solow-like assumption of fixed allocation of resources across activities. We identify model parameters that lead to explosive dynamics and analyse various economic techniques to avoid it. The techniques include adding stricter constraints on model trajectories and limiting factors in technology equation. In particular, we demonstrate that our vintage version of the well-known R&D-based model of economic growth (Jones, 1955) exhibits the same balanced dynamics as the original model |
| Keywords: | Vintage capital models, Endogenous technological change, R&D investment, Explosive dynamics, Nonlinear Volterra integral equations |
| JEL: | E20 O40 C60 |
| Date: | 2008–12–03 |
| URL: | http://d.repec.org/n?u=RePEc:ctl:louvec:2008034&r=knm |
| By: | Montserrat Vilalta-Bufi, Departament de Teoria Economica and CAEPS (Universitat de Barcelona) and; Departament d'Economia i Historia Economica (Universitat Autonoma de Barcelona) (Universitat de Barcelona) |
| Abstract: | We analyze an economy with two main features: labor mobility goes together with knowledge transfer and firm productivity increases with the exchange of ideas. Each firm develops some specific knowledge that will be transmitted to the rest of the industry through the mobility of workers. We study two labor market settings and use comparative statics to derive the implications of the model. They reveal how labor mobility depends on the variety and level of knowledge, the presence of mobility costs, the institutional environment, the absorptive capacity of the firms and the size of the industry. Results are robust to different labor market settings. |
| Keywords: | exchange of knowledge, inter-firm labor mobility, knowledge diffusion |
| JEL: | J61 J23 O33 |
| Date: | 2008 |
| URL: | http://d.repec.org/n?u=RePEc:bar:bedcje:2008210&r=knm |
| By: | Jacques Mairesse; Benoit Mulkay |
| Abstract: | This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the model of an extended production function (Cobb-Douglas and Translog) with both local and neighborhood R&D capital stocks. We estimate this model on 312 employment areas as of 1999, first for the whole economy, then separately for five large manufacturing industries. The estimated elasticities of productivity with respect to R&D capital are significant and plausible, both within own-area and across neighboring areas as well as within own-industry, but they are weaker across different industries. |
| JEL: | C21 O30 O32 O47 |
| Date: | 2008–12 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:14552&r=knm |
| By: | Michael D. König (ETH Zurich); tefano Battiston (ETH Zurich); Mauro Napoletano (Observatoire Français des Conjonctures Économiques); Frank Schweitzer (ETH Zurich) |
| Date: | 2008 |
| URL: | http://d.repec.org/n?u=RePEc:fce:doctra:0831&r=knm |
| By: | Yongmin Chen; Ignatius J. Horstmann; James R. Markusen |
| Abstract: | There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption there is that the relevant knowledge is absorbed by the local manager or licensee over the course of time: knowledge is non-excludable. More recently, a number of influential papers have adopted a property-right view of the firm, assuming the application abroad of physical capital, the owner of which retains full and exclusive rights to the capital should a relationship break down. In this paper we combine both forms of capital assets in a single model. The model predicts that foreign direct investment (owned subsidiaries) is more likely than licensing when the ratio of knowledge capital to physical capital is high, or when market value is high relative to the book value of capital (high Tobin's-Q). |
| JEL: | F2 F23 L2 L22 L24 |
| Date: | 2008–12 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:14515&r=knm |
| By: | Rufus Pollock |
| Abstract: | An extensive empirical literature indicates that, even without formal intellectual property rights, innovators enjoy a variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that an `open' approach to knowledge production can deliver substantial efficiency advantages. This paper introduces a formal framework incorporating all of these factors. We examine the relative performance of an `open' versus a `closed' (proprietary) regime, and explicitly characterise the circumstances in which an open approach, despite its effect on facilitating imitation, results in a higher level of innovation. |
| Keywords: | Innovation, Imitation, Intellectual Property, Openness, Open Source |
| JEL: | L17 L5 O3 |
| Date: | 2008–11–20 |
| URL: | http://d.repec.org/n?u=RePEc:eei:rpaper:eeri_rp_2008_20&r=knm |