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on Knowledge Management and Knowledge Economy |
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Issue of 2013‒08‒23
four papers chosen by Laura Stefanescu European Research Centre of Managerial Studies in Business Administration |
| By: | Arshad Ali Bhatti; M. Emranul Haque; Denise R. Osborn |
| Abstract: | This paper argues that excessive financial development in combination with high levels of technological innovation or R&D activities may lead to the former being ineffective in generating economic growth. This hypothesis is examined through a dynamic panel analysis using two measures of financial development, in conjunction with R&D expenditure, for 36 OECD and non-OECD countries. Using a range of panel data estimators, our results show that the relationship between financial development and economic growth is not straightforward; rather, it is conditional upon the level of R&D. Further, we find that a high level of R&D is associated with a weak or negative effect of financial development on economic growth. |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:man:cgbcrp:188&r=knm |
| By: | Wojciech Grabowski; Krzysztof Szczygielski; M. Teoman Pamukçu; Sinan Tandogan |
| Abstract: | Mediterranean and EU member countries consider enhancing innovation and R&D an important policy objective. In order to improve economic competitiveness and increase their citizens’ welfare, these countries have been formulating and implementing innovation policies. In recent years, the volume of resources allocated to such policies has considerably increased and the number of instruments used in this framework has widened. Nevertheless, a relatively limited number of studies have been conducted to assess the effectiveness of innovation policies in these countries and formulate proposals for those aspects of policies that are in contradiction with the aims.Creation-Date: 2012-09 |
| Keywords: | Private Innovation |
| URL: | http://d.repec.org/n?u=RePEc:sec:ebrief:0113&r=knm |
| By: | Franck Barry (Trinity College Dublin) |
| Abstract: | Ireland has been one of the global economic success stories of the last 20 years. National income rose from less than 65% of the EU15 average in the mid 1980s to well above parity today. Ireland is also the most FDI-intensive economy in Europe. Section A of the present report provides an analysis of the rapid economic development of the “Celtic Tiger” era and how Ireland’s status as a successful export platform for foreign Multinational Corporations was achieved. Though the production structure of the economy is heavily weighted towards (largely foreign-owned) high-technology and ICT-using industries, the country lags behind in terms of personal ICT use. The remainder of Section A presents regional and national data on ICT production and diffusion across the economy. The main focus of the report in on the more advanced Southern and Eastern region of the two NUTS II regions into which the country is divided. The indigenous software sector, the emergence and growth of which is the subject of Section B, is very heavily clustered in this region. Section B charts the role played by the foreign-owned high-tech ICT-using sectors in seeding this ICT-producing cluster and provides details of the types of state interventions that emerged through a process of trial and error to support the cluster. The conclusions presented in Section C reflect on the implications of the case study for the roles that FDI and different types of knowledge spillovers can play in the emergence of a knowledge-intensive cluster and on the types of policies that can play a role in assisting its evolution. |
| Keywords: | ICT, Information and Communication Technologies, software, Ireland, Dublin |
| JEL: | D22 L52 L86 R12 |
| Date: | 2013–08 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc83549&r=knm |
| By: | Cette, G.; Lopez, J.; Mairesse,J. |
| Abstract: | Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus precisely try to estimate what are the specific impacts of these two channels and their shares in total impact as against alternative channels of investments in other forms of intangible capital such as improvements in skills, management and organization. For this, we specify an extended production function relating productivity explicitly to R&D and ICT capital as well as to upstream regulations, and two factor demand functions relating R&D and ICT capital to upstream regulations. These relations are estimated on a panel of 14 OECD countries and 13 industries over the period 1987-2007. Our estimates confirm the results of previous similar studies finding that the impact of upstream regulations on total factor productivity can be sizeable, and they provide evidence that a good part of the total impact, though not a predominant one, goes through both investments in ICT and R&D, and particularly the latter. |
| Keywords: | Productivity, Growth, Regulations, Competition, Catch-up, R&D, ICT |
| JEL: | O43 L5 O33 O57 L16 C23 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:bfr:banfra:441&r=knm |