nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2016‒12‒11
five papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Product Homogeneity, Knowledge Spillovers, and Innovation: Why Energy Sector is Perplexed by a Slow Pace of Technological Progress By Jin, Wei; Zhang, ZhongXiang
  2. Staffing Strategy of Japanese Companies in China (JCC) : Selection of Chief Executive Officer (CEO) By Kevin, Lau, Chung Ming
  3. HOW GLOBAL COMPETITION IS CHANGING UNIVERSITIES: Three Theoretical Perspectives By Chirikov, Igor
  4. Massive Migration and its Effect on Human Capital and Growth: The Case of Western Balkan and Central and Eastern European Countries By Michael Landesmann; Isilda Mara
  5. How universities boost economic growth By Anna Valero; John Van Reenen

  1. By: Jin, Wei; Zhang, ZhongXiang
    Abstract: There is a growing body of literature mentioning the slow pace of energy technological progress as compared to other technologies like information technology (IT), but the reasons why energy sector is perplexed by slow innovation remain unexplained. Based on a variety-expanding endogenous technological change model, this paper provides a rigorous economic exposition of the mechanism that underlies the slow progress of energy technological innovation. We show that in decentralized market equilibrium the growth rate of energy technology variety is lower than that of IT variety. This stems from both market fundamentals where the homogeneity of end-use energy goods is less likely to harness the pecuniary externality embedded in the household’s love-for-variety preference, and technology fundamentals where the capital-intensiveness of energy technology inhibits the non-pecuniary technological externality due to knowledge spillovers. We further show that a social planner solution can promote energy technological progress, yet still cannot achieve an outcome in which energy technology variety grows faster than IT variety. By targeting subsidies on energy technology R&D and the use of intermediate primary energy inputs by secondary energy producers, the decentralized market equilibrium can achieve an outcome in which energy technology grows faster than IT.
    Keywords: Energy Technological Innovation, Product Homogeneity, Knowledge Spillovers, Love-for-variety Effect, Research and Development/Tech Change/Emerging Technologies, Teaching/Communication/Extension/Profession, Q55, Q58, Q41, Q43, Q48, O31,
  2. By: Kevin, Lau, Chung Ming
    Abstract: HRM practice is regarded as a source of sustained competitive advantage for organizations and a key of success for global business of MNCs. Effective staffing strategy become important for Japanese MNCs' selection of top management like Chief Executive Officer(CEO). This paper is based on the underlying factors affecting the staffing decision, and tries to verify whether or not several hypotheses apply to Japanese companies in China(JCC). According to the date analysis with 1914 samples of JCCs from the statistical date by "The 21st Century China Research Institute", the result told us the majority of JCCs adopting Japanese as their CEO, regardless of a diversity of conditions, except for the locational disadvantage of inland regions and the joint decision making due to contractual alliance of joint undertakings. The impact on the effectiveness of global management due to over reliance on staffing from headquarters cannot be neglected. Managerial implications of the staffing strategy of Japanese MNCs are discussed for the purpose of improving their global HRM practices.
    Keywords: Japanese MNCs, Globalization, Companies in China, CEO, HRM, Staffing strategy, F6, L6, L8, M1, M5
  3. By: Chirikov, Igor
    Keywords: Education
    Date: 2016–06–01
  4. By: Michael Landesmann (The Vienna Institute for International Economic Studies, wiiw); Isilda Mara (The Vienna Institute for International Economic Studies, wiiw)
    Abstract: Abstract We analyse the effect of massive migration particularly from the Western Balkans and the Central and Eastern European countries on human capital and growth. In our analysis, we use a system of three equations to estimate simultaneously the effect of migration on human capital and on growth. An important driver of migration is chain migration, as well as the unemployment and income differentials between developing and developed countries. Overall, our findings suggest that migration of highly skilled from the Western Balkan and Central Eastern European countries has been beneficial to economic growth and income convergence of these countries. Our analysis supports the positive impact of low-skilled migration on the composition of human capital in the source countries.
    Keywords: migration, brain drain, brain gain, economic growth, human capital
    JEL: F22 J24 O15 O40
    Date: 2016–08
  5. By: Anna Valero; John Van Reenen
    Abstract: The expansion of higher education has helped to fuel economic growth around the world, according to research by Anna Valero and John Van Reenen. Analysing data on 15,000 universities in 78 countries for the period since 1950, they find that there is a strong positive impact of university expansion on regional economic growth. Doubling the number of universities in a region raises future GDP per capita by 4%. Focusing on the immediate challenges for the UK, they note that the benefits of university expansion far outweigh the costs, but Brexit poses significant risks. Until now, UK universities have thrived in a climate of openness to international students, academics and collaboration.
    Keywords: universities, growth, human capital, innovation
    JEL: I23 I25 J24 O10 O31
    Date: 2016–12

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