nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2009‒08‒08
seven papers chosen by
Laura Stefanescu
European Research Centre of Managerial Studies in Business Administration

  1. The evolution of knowledge and trade networks in the global wine sector: a longitudinal study using social network analysis By Lorenzo Cassi; Andrea Morrison; Anne Ter Wal
  2. Carl Menger and Friedrich von Wieser on the role of knowledge and beliefs By Agnès Festré
  4. Regional Effects on Cooperative Innovation Activities and the Related Variety of Regional Knowledge Bases By Uwe Cantner; Andreas Meder
  5. How do young innovative companies innovate? By Gabriele Pellegrino; Mariacristina Piva; Marco Vivarelli
  7. Does Private Equity Investment Spur Innovation? Evidence from Europe. By Alexander Popov; Peter Roosenboom

  1. By: Lorenzo Cassi; Andrea Morrison; Anne Ter Wal
    Abstract: Throughout the last two decades or so the global pattern of wine production has undergone fundamental changes. New players have emerged and technological and organizational changes have reshaped the way wine is produced and marketed. The aim of this study is to increase our understanding into these processes. We map and compare trade and knowledge networks using social network techniques in order to show how globalization has affected this particular sector, and how the main actors of this industry have responded to these challenges. We are able to give account of the structural changes that have characterised the industry at global level over more than three decades and relate them to the features of the main trade and knowledge blocks.
    Keywords: trade network, knowledge network, social network analysis, wine sector
    JEL: R0 R1 R12
    Date: 2009–06
  2. By: Agnès Festré (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR6227 - Université de Nice Sophia-Antipolis)
    Abstract: ?
    Keywords: Knowledge ; philosophical roots of knowledge ; economic traditions
    Date: 2009
  3. By: Jaakko Simonen; Philip McCann
    Abstract: This paper investigates the role played by the sectoral and geographical mobility of labour in the promotion of industrial innovations. Knowledge can be transferred between firms by inter-firm interactions and interfirm cooperation. In addition, knowledge can also be transferred between firms by labour mobility. In order to examine these issues we employ a unique innovation dataset from Finland which combines firm specific information about the innovation performance of the firms along with their individual characteristics, as well as firm specific information regarding the sectoral and geographical origins of their recent labour acquisitions. Analyzing this data allows us to identify the different roles which the geography of knowledge spillovers and exchanges and the geography of labour markets play in the innovation process.
    Keywords: innovation; labour; mobility; R&D; cooperation
    JEL: O31 J60 R30
    Date: 2009–08
  4. By: Uwe Cantner (Friedrich-Schiller-University, School of Economics and Business Administration, Jena); Andreas Meder (Thuringian Ministry of Economic Affairs, Erfurt)
    Abstract: The literature on "Innovation Systems" is divided into several directories. Dif- ferences occur through the definition of the system's borders. This paper intro- duces a methodology how to differentiate between regional and technological effects of cooperative innovation activities and analyzes furthermore how dif- ferent dimensions of regional knowledge affect the regional effects on coopera- tive innovation activities. We find evidence that the related variety of knowl- edge available within a region and its combination with a proxy of the amount of knowledge foster regional effects of cooperative innovation activities. Addi- tionally, we find that the development of German regions fits with the sugges- tions of the Regional Innovation System (RIS) approach.
    Keywords: regional development, regional effects of cooperative behavior, knowledge, related variety of knowledge
    JEL: C30 L14 O32
    Date: 2009–08–06
  5. By: Gabriele Pellegrino (Universita Cattolica del Sacro Cuore, Piacenza and Milano); Mariacristina Piva (Universita Cattolica del Sacro Cuore, Piacenza and Milano); Marco Vivarelli (Universita Cattolica del Sacro Cuore, Piacenza and Milano; IZA, Bonn; Max Planck Institute of Economics, Jena)
    Abstract: This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firms- in-house R&D does not play a significant role.
    Keywords: R&D, product innovation, embodied technical change, CIS 3, sample selection.
    JEL: O31
    Date: 2009–08–06
  6. By: Hans-Jurgen Engelbrecht
    Abstract: Commons-based peer production is an activity that is emerging as a distinct mode of resource allocation and production of information, knowledge and culture (‘social production’ for short), potentially heralding a new stage in the development of information/knowledge-based economies. This paper presents a cross-country analysis of factors determining the information and knowledge output of the paradigmatic social production project, i.e. SETI@home. The main hypothesis explored is that the level of average subjective well-being in a country is a motivational proxy variable that can help explain the cross-country variation in SETI@home output levels. The hypothesis that trust might be of lesser importance is also explored. I find support for both hypotheses, but only for developed and advanced countries, not poor countries.
    Date: 2009–08
  7. By: Alexander Popov (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.); Peter Roosenboom (Erasmus University Rotterdam, Burgemeester Oudlaan 50, 3062 PA Rotterdam, Netherlands.)
    Abstract: We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing on a sample of European countries and using Kortum and Lerner’s (2000) empirical methodology. Using an 18-country panel covering the period 1991-2004, we study how private equity finance affects patent applications and patent grants. We address concerns about causality in several ways, including exploiting variation in laws regulating the investment behaviour of pension funds and insurance companies across countries and over time. We also control for the standard determinants of innovation like R&D, human capital, and patent protection. Our estimates imply that while private equity investment accounts for 8% of aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also present similar evidence from the biotech industry to alleviate concerns that our results are biased by aggregation. JEL Classification: C23, G15, O16.
    Keywords: private equity, venture capital, innovation.
    Date: 2009–06

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