nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2010‒05‒02
seven papers chosen by
Laura Stefanescu
European Research Centre of Managerial Studies in Business Administration

  1. The Dynamics of Knowledge Diversity and Economic Growth By Marcus BERLIANT; FUJITA Masahisa
  2. A Growth Model for the Quadruple Helix Innovation Theory By Óscar Afonso; Sara Monteiro; Maria Thompson
  3. Human Capital Diversity and Product Innovation: A Micro-Level Analysis By Rene Söllner
  4. Innovation: Principles and Strategies By Ramadani, Veland; Gerguri, Shqipe
  6. The impact of human and social capital on entrepreneurs' knowledge of finance alternatives By Seghers, A.; Manigart, S.; Vanacker,T.
  7. Developing knowledge-based applications in small and medium enterprises By Radut, Carmen

  1. By: Marcus BERLIANT; FUJITA Masahisa
    Abstract: How is long run economic growth related to the endogenous diversity of knowledge? We formulate and study a microeconomic model of knowledge creation, through the interactions among a group of heterogeneous R & D workers, embedded in a growth model to address this question. In contrast with the traditional literature, in our model the composition of the research work force in terms of knowledge heterogeneity matters, in addition to its size, in determining the production of new knowledge. Moreover, the heterogeneity of the work force is endogenous. Income to these workers accrues as patent income, whereas transmission of newly created knowledge to all such workers occurs due to public transmission of patent information. Knowledge in common is required for communication, but differential knowledge is useful to bring originality to the endeavor. Whether or not the system reaches the most productive state depends on the strength of the public knowledge transmission technology. Equilibrium paths are found analytically. Long run economic growth is positively related to both the effectiveness of pairwise R & D worker interaction and to the effectiveness of public knowledge transmission.
    Date: 2010–04
  2. By: Óscar Afonso (CEF.UP, OBEGEF and Faculdade de Economia, Universidade do Porto, Portugal); Sara Monteiro (Nice Sophia Antipolis University, Faculty of Law, Political Science, Economics and Management, CEMAFI, Nice, France); Maria Thompson (NIPE, Departamento de Economia, Universidade do Minho, Portugal)
    Abstract: We propose a theoretical growth model with which to frame analytically the Quadruple Helix Innovation Theory (QHIT). The aim is to emphasise the investment in innovation transmission mechanisms in terms of economic growth and productivity gains, in one-high-technology sector, by stressing the role played by the helices of the Quadruple Helix Innovation Model: Academia and Technological Infrastructures, Firms of Innovation, Government and Civil Society. In the existing literature, the relationship between the helices and respective impacts on economic growth does not appear clear. Results are fragile due to data weakness and the inexistence of a theoretical framework to specify the relationship between the helices. Hence our motivation for providing the QHIT with a theoretical growth model. Our intent is to model the importance of emerging, dynamically adaptive, and transdisciplinary knowledge and innovation ecosystems to economic growth. We find that higher economic growth rate is obtained as a result of an increase in synergies and complementarities between different productive units, or an increase in productive government expenditure.
    Keywords: Economic Growth, Quadruple Helix Innovation Model, Innovation Ecosystems
    JEL: O10 O18 O31
    Date: 2010–04
  3. By: Rene Söllner (Friedrich Schiller University Jena, DFG-RTG "The Economics of Innovative Change")
    Abstract: The paper investigates the relationship between human capital diversity measured in terms of occupational diversity and a firm's likelihood to innovate. The empirical analysis is based on a linked employer-employee panel dataset of German firms over the period 1998 to 2007. Despite notable differences between service and manufacturing rms, our results clearly indicate a positive relationship between occupational diversity and the propensity to innovate.
    Keywords: Human Capital, Diversity, Innovation
    JEL: J24 L20 O31
    Date: 2010–04–19
  4. By: Ramadani, Veland; Gerguri, Shqipe
    Abstract: Competition between companies differentiates a lot nowadays compared to many years before. They compete in "nicety" that are so small but so important. Companies are trying to achieve competitive advantage in order to help them obtain a better and a stable position in the marketplace. The best way for companies to achieve a competitive advantage is through innovation. This paper addresses the meaning of innovation what does innovation present, types of innovation specifically discussing the right way of usage. In order for companies to get the as more innovations as possible it is necessary for them to be familiar with the process of innovation and its principles which innovation was found on. There are several types of innovation or ways in which companies can achieve innovation in a level of whole organization. This paper discusses the ways how that can be achieved, starting from their products and services, ways of selling, supply ect. Innovation is essential for sustainable growth and economic development. Several core conditions enable innovation and encourage economic growth. In the modern economy, innovation is crucial for value creation, growth and employment and innovation processes take place at the enterprise, regional and national level. Innovation will lead to new businesses as well as to the increased competitiveness of existing enterprises. In this paper are not covered all the characteristics of innovation but it presents a very good basis for a proper usage of innovation and ways of transforming it in competitive advantage for companies. Also this paper identifies the impact that innovation has on economic growth.
    Keywords: innovation; types of innovation; principles and strategies of innovation; sources of innovation
    JEL: A22 A10
    Date: 2010–06–09
  5. By: James B. Ang; Jakob B. Madsen
    Abstract: Using data for six Asian miracle economies over the period from 1953 to 2006, this paper examines the extent to which growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory. Furthermore, it is shown that R&D has played a key role for growth in the Asian miracle economies.
    JEL: O30 O40
    Date: 2010–02
  6. By: Seghers, A.; Manigart, S.; Vanacker,T. (Vlerick Leuven Gent Management School)
    Abstract: This paper examines how entrepreneurs’ human and social capital influence their knowledge of finance alternatives. For this purpose, we use survey data from 125 Belgian start-ups. Results demonstrate that entrepreneurs with a business education and entrepreneurs with experience in accountancy or finance have a broader knowledge of finance alternatives. Having a strong network in the financial community further enhances the knowledge of finance alternatives. However, more generic human capital has almost no impact on the knowledge of finance alternatives. Overall, this study demonstrates how not only supply-side factors, but also demand-side factors may constrain entrepreneurs in their search for finance.
    Date: 2009–11–19
  7. By: Radut, Carmen
    Abstract: European countries more than 95% of the companies are small and medium enterprises (SMEs), and most employees working in these companies. To run smart business to be competitive, enterprises must enhance the quality and technological level of products and services, new products have either permanently or to upgrade old products to make them competitive, adopting a better pricing policy. Therefore the first step is to gather a larger amount of data, information and knowledge from as many sources and then every level of business knowledge will be transferred. This study is based on the analysis of knowledge and knowledge management (KM) KM and propose a scenario to support the application of knowledge (KApps), developed by SMEs. In addition, the study shows how the knowledge base can be built at the company.
    Keywords: knowledge management; knowledge bases; knowledge process; knowledge applicatio; datawarehose; On-Line Analytical Processing
    JEL: M19 C81 D80 G30 M21
    Date: 2010–04–24

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