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on Knowledge Management and Knowledge Economy |
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Issue of 2015‒08‒01
three papers chosen by Laura Ştefănescu Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Chen, Hung-Ju |
| Abstract: | This paper analyzes the effects of stronger intellectual property rights (IPR) protection in the South on innovation, imitation, the pattern of production and wage inequality based on a North-South product-cycle model with foreign direct investment (FDI) and skills accumulation. This quality-ladder model features innovative R&D in the North and imitative R&D in the South. Two types of innovation are considered: innovation targeting all products and innovation targeting only imitated products. We find that for both types of innovation, strengthening IPR protection reduces the innovation rate and raises the imitation rate. There is also an increase in the proportion of Northern unskilled labor and a decrease in Northern wage inequality. As for the pattern of production, the extent of FDI may decrease while the extent of Northern production may increase. |
| Keywords: | Imitation; IPR; R&D; Skills; Wage inequality. |
| JEL: | F12 F23 O31 |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:65745&r=knm |
| By: | Erzo Luttmer (University of Minnesota) |
| Abstract: | Randomness in individual discovery tends to spread out productivities in a population, while learning from others keeps productivities together. In combination, these two mechanisms for knowledge accumulation give rise to long-term growth and persistent income inequality. This paper considers a world in which those with more useful knowledge can teach those with less useful knowledge, with competitive markets assigning students to teachers. In equilibrium, students who are able to learn quickly are assigned to teachers with the most productive knowledge. The long-run growth rate of this economy is governed by the rate at which the fastest learners can learn. The income distribution reflects learning ability and serendipity, both in individual discovery and in the assignment of students to teachers. Because of naturally arising indeterminacies in this assignment, payoff irrelevant characteristics can be predictors of individual income growth. Ability rents can be large when fast learners are scarce, when the process of individual discovery is not too noisy, and when overhead labor costs are low. |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:red:sed015:249&r=knm |
| By: | Giuditta De Prato (European Commission – JRC - IPTS); Daniel Nepelski (European Commission – JRC - IPTS); Giuseppe Piroli (European Commission – DG Employment, Social Affairs & Inclusion) |
| Abstract: | The European Commission's Framework Programme constitutes an important share in R&D expenditures in Europe. A number of FP7 projects certainly produce cutting-edge technologies and a significant percentage of these technologies could be commercialized. However, there is a general feeling that not all these technologies and innovations with commercial potential reach the market. The question is why? The Innovation Radar (IR) is a support initiative that focuses on the identification of high-potential innovations in the ICT FP7, CIP and H2020 projects and the key organization in delivering these innovations to the market. The current report documents the details of the IR methodology and the results of its first application. The results of the pilot exercise show that ICT FP7 projects deliver a substantial number of innovations. On average, there are nearly two new or substantially improved products or services developed within each ICT FP7 project. However, further nurturing is needed to bring them to the market and exploit their commercial potential. |
| Keywords: | R&D, innovation, innovation assessment, FP7, H2020 |
| Date: | 2015–07 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc96339&r=knm |