nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2017‒04‒16
six papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. The impact of investment in knowledge-based capital on productivity: firm-level evidence from Ireland By Siedschlag, Iulia; Di Ubaldo, Mattia
  2. Global innovations: Evidence from patent data By Neuhäusler, Peter; Frietsch, Rainer
  3. Investment in knowledge-based capital and its contribution to productivity growth: a review of international and Irish evidence By Siedschlag, Iulia; Lawless, Martina; Di Ubaldo, Mattia
  4. Do migrants transfer productive knowledge back to their origin countries? By Jérome Valette
  5. Online Appendix to "Human Capital Acquisition and Occupational Choice: Implications for Economic Development" By Marti Mestieri; Johanna Schauer; Robert Townsend
  6. Determinants of Demand for Technology in Relationships with Complementary Assets among Japanese Firms By Masayo Kani; Kazuyuki Motohashi

  1. By: Siedschlag, Iulia; Di Ubaldo, Mattia
    Abstract: This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on a dynamic econometric model estimated with micro-data from Ireland over the period 2006-2012. We use broad measures of investment in knowledge-based capital which include expenditures on R&D, and on non-R&D intangible assets such as computer software, copyrights, patents and licences, royalties and organisational capital. The results indicate that on average, over and above other factors, an increase in investment in knowledge-based capital of 10 per cent increases firm productivity by 2 per cent. The research results indicate that productivity gains linked to investment in KBC are larger for Irish-owned firms in comparison to foreign-owned firms. Further, the estimates indicate that firms’ productivity is more responsive to investment in R&D than to investment in non-R&D intangible assets.
    Date: 2017–04
  2. By: Neuhäusler, Peter; Frietsch, Rainer
    Abstract: Global innovations have been on the rise in the last decade. About 4.5% of all transnational patent filings are global innovations, i.e. research projects that are handled by teams in different continents, and the number has grown quite significantly since the 1990s. Global innovations have also gained importance in international cooperations per se. In 2013, nearly 70% of all international co-patents were global innovations. Global innovations also outperform the average patent in terms of patent quality, i.e. global innovations are significantly higher cited and are broader in terms of market coverage. Europe and North America show the highest numbers of global innovations in absolute terms. In relative terms, i.e. in shares of total filings, however, the countries from the "rest of the world" show the highest engagement in global innovations. German inventors are involved in more than 20% of all global innovations, i.e. every fifth global innovation stems from a cooperation with a German inventor, with North America being the most important "global" partner. Chemistry, pharmaceuticals and related fields show the largest shares of global innovations, from a technological as well as a sector-specific point of view. In mechanical engineering, especially automobiles and vehicles, global innovations play a minor role.
    Date: 2017
  3. By: Siedschlag, Iulia; Lawless, Martina; Di Ubaldo, Mattia
    Abstract: This paper reviews the international evidence on measuring investment in knowledge-based capital (KBC) and its impact on productivity. On this evidence basis, it provides a conceptual framework to analyse Ireland’s performance in this area on macroeconomic, industry and firm levels. The evidence reviewed in this paper indicates that investment in KBC is sizeable and has increased over time in many advanced economies, including Ireland. At the country, sectoral and firm level, the contribution of investment in KBC to productivity growth over and above other factors including investment in tangible capital is documented as important. This paper also reviews and discusses economic framework policies which could incentivise further investment in knowledge-based capital in Ireland.
    Date: 2017–04
  4. By: Jérome Valette (CERDI - Centre d'études et de recherches sur le developpement international - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)
    Abstract: This paper analyses whether international migrants contribute to foster innovation in developing countries by inducing a transfer of productive knowledge from destination to the migrants’ home countries. Using the Economic Complexity Index as a proxy for the amount of productive knowledge embedded in each countries, and bilateral migrant stocks to 20 OECD destination countries, we show that international emigration is a strong channel of technological transmission. Diasporas foster the local adoption of new technologies by connecting high technology countries with low ones, reducing the uncertainty surrounding their profitability. Our empirical results support the fact that technological transfers are more likely to occur out of more technologically advanced destinations and when emigration rates particularly high.
    Keywords: International migration,Technology transfer,Export sophistication,Diaspora externalities.
    Date: 2017–01–03
  5. By: Marti Mestieri (Northwestern University); Johanna Schauer (Toulouse School of Economics); Robert Townsend (MIT)
    Abstract: Online appendix for the Review of Economic Dynamics article
    Date: 2017
  6. By: Masayo Kani; Kazuyuki Motohashi
    Abstract: There has been growing interest in open innovation, where firms create value by combining internal and external ideas. Technology insourcing, however, has not been satisfactorily investigated in the empirical literature compared to technology outsourcing. In this paper, we examine the determinants of external technology sourcing by the type of counterpart in the new product development (NPD) process. We use a novel dataset at the product level, compiled by the Research Institute of Economy, Trade and Industry in 2011. We distinguish whether the technology partner is also a business partner, such as a supplier or customer. Our findings show that when the technology partner is not a business partner, patents play an important role in moderating the transaction costs in a partnership. On the other hand, when the technology partner is also a business partner, we find cospecialisation of technology and its complementary assets with the partner firm.
    Keywords: technology sourcing, co-specialisation, complementary assets, division of innovative labour
    JEL: D22 L22 O32
    Date: 2017–03

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