nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2011‒08‒02
three papers chosen by
Laura Stefanescu
European Research Centre of Managerial Studies in Business Administration

  1. The importance (impact) of knowledge at the macro-micro levels in Sudan By Nour, Samia
  2. From the Lisbon strategy to EU2020: illusion or progress for european economies? By António Brandão Moniz
  3. Education, vocational training and R&D: towards new forms of labor market regulation By Lopes, Margarida

  1. By: Nour, Samia (UNU-MERIT, Maastricht University, and Khartoum University)
    Abstract: In this paper we provide a new contribution and fill the gap in the Sudanese literature by investigating the importance (impact) of tacit and codified sources of knowledge at the micro and macro levels in Sudan using new primary data from the firm survey (2010) at the micro level and secondary data at the macro level respectively. Our results at the macro level are consistent with the notion that tacit knowledge and codified sources of knowledge are positively and significantly correlated and complementary with both schooling years and GDP growth (economic growth rate). Moreover, we find that at the macro level codified knowledge and the number of FTER show significant positive correlations with technology (patents). Furthermore, our results at the macro level show significant positive complementary relationships between codified knowledge and the number of FTER, which we interpret as a complementary relationship between tacit knowledge and codified knowledge. Moreover, at the micro (firm) level, we illustrate the importance of tacit knowledge, and we illustrate that tacit knowledge is positively and significantly correlated with technology (expenditures on ICT) and upskilling (expenditures on training), output (defined by total sales value), output diversification, productivity and profit. In addition, we find that at the micro (firm) level, tacit and codified knowledge show positive significant correlations with total capital, and firm size. We explain positive correlations between knowledge and various variables at the micro and macro levels. Therefore, further incentives should be provided to improve tacit and codified sources of knowledge at the macro and micro levels. Our results are consistent with the findings in the knowledge literature, another implication is that since tacit knowledge is often embodied in educated people and so in human capital, the positive impact of tacit knowledge also implies the importance of a good education at the micro and macro levels.
    Keywords: Tacit knowledge, codified knowledge, economic growth, Sudan
    JEL: O10 O11 O12 O30
    Date: 2011
  2. By: António Brandão Moniz (IET, Universidade Nova de Lisboa, Faculdade de Ciências e Tecnologia)
    Abstract: The majority of papers published in the last decades on European Union policy strongly stress the importance of the so-called Lisbon Strategy approved in the year 2000. The same applies to studies and reports on the shift of the European countries towards modernisation and restructuring policy in recent years. This EU development strategy defines a new direction for the coordination of national policies. But why has it become so important? One of the reasons is the fact that many of the papers are based on the concept of “knowledge society” as the key driver for an increased competitiveness of all political and economic regions of Europe. In this context, the term “knowledge” means the inter-linkage of education (including training, qualification, skills) and innovation (including research, information and communication). The use of the concept represents an important shift in the European strategy: further development would not only be based on investment in material infrastructures, but also more on the immaterial ground. However, this Lisbon Strategy was criticised by many politicians and opinion-makers in the first years of this century because the European structures were not prepared for such a quick change. At the same time, the focus for investment moved away from the traditional support of industrial sectors (manufacturing, agriculture and fisheries, construction) towards the “new economy” sectors. The vision of a knowledge society remained appealing also in a changing international context: the Middle East wars (Afghanistan, Iraq and Israel-Palestine) and the fast growth of the Chinese economy. However, the shadows of new recessions have strongly questioned the options made by the European Council. New challenges have emerged with the need to redefine collective strategies in terms of European development as set by the Lisbon strategy. “Europe 2020” is one more attempt to define a new strategy. But at present no clear path has been identified. Whether the programme will bring about progress for the European economies, or is again an illusion, is not yet clear. This shows, however, that new paths and common strategies are still needed in Europe.
    Keywords: European Union, Lisbon Strategy, knowledge society, innovation
    JEL: E61 H5 O38 O47 O52
    Date: 2011–01
  3. By: Lopes, Margarida
    Abstract: Abstract Labor market regulation and its relations with education and training have been performing an historical trajectory which closely intertwined with developments in economic thought. Under the form of human capital theories, neo-classical economics set the bridge between labor market equilibrium and education outputs for decades. The functionalist approach behind that lasting relationship was to be challenged by economic crises and globalization, which imposed the unquestionable supremacy of the demand for skilled work. Likewise, even if only that more strict perspective of education would prevail, which fortunately is not the case, time and hazard came to undertake its denigration on the grounds of a severe loss of regulatory efficiency as globalization was setting up. In this paper we shed light on the increasing role which innovation is called to perform in labor market hetero regulation in the present phase of globalization. Depending on the institutional design throughout which R&D become embedded in nowadays societies, evidence clearly reveals how innovation strategies are to be found so asymmetrically implemented between developed and developing countries, thereby leading to the enlarging divide between the “new North” and “new South” globalization off springs.
    Keywords: Key Words: labor market regulation; education and training; innovation; knowledge.
    JEL: J08 D84 A23 I21
    Date: 2011–05–07

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