|
on Knowledge Management and Knowledge Economy |
|
Issue of 2017‒07‒23
six papers chosen by Laura Ştefănescu Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Antonelli, Cristiano (University of Turin) |
| Abstract: | This paper accommodates the new understanding of the limited exhaustibility of knowledge into the Schumpeterian frame of the creative response to articulate a comprehensive model of Schumpeterian growth. The limited exhaustibility of knowledge and its transient appropriability favor the accumulation of a stock of quasi-public knowledge. The increasing stock of quasi-public knowledge together with appropriate knowledge governance conditions account for the secular decline of knowledge costs and the increase of diachronic and pecuniary knowledge externalities. Because of its limited exhaustibility and the consequent cumulability, knowledge is an endogenous endowment that accounts for growth. Unexpected out-of-equilibrium conditions in product and factor markets stir the response of firms. The availability of knowledge externalities accounts for the rate of innovation as they help making the reaction creative so as to enable the introduction of innovations. The search for technological congruence and the secular decline of the cost of technological knowledge accounts for its knowledge intensive direction as it induces the introduction of biased technological changes that augment the output elasticity of knowledge as an input. The limited exhaustibility of knowledge accounts for the secular trend towards the knowledge economy. |
| Date: | 2017–06 |
| URL: | http://d.repec.org/n?u=RePEc:uto:dipeco:201726&r=knm |
| By: | Ignazio Musu (Department of Economics, University Of Venice Cà Foscari) |
| Abstract: | Economic growth since the industrial era has reduced poverty and increased societies’ quality of life, but it also has implied negative environmental effects. There is an urgent need to correct this structural unbalance. The open issue is whether this correction implies sacrificing the perspective of economic growth or if it can be achieved by maintaining economic growth though changing its nature in a more environment oriented direction. In the following I argue that this second strategy is preferable and also more realistic, but it requires an appropriate combination of conditions and policies to be implemented. Environmental regulation, particularly through the use of appropriate price signals correcting negative environmental externalities, is necessary, but not sufficient to promote the required radical environment oriented innovations, particularly to build a low-carbon economy less and less dependent on fossil fuels. Environment oriented innovation policies are required, supported by a system of social norms and by a polycentric system of governance. |
| Keywords: | Economic growth, green economy, sustainable development |
| JEL: | O44 Q54 Q55 Q56 Q57 Q58 |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:ven:wpaper:2017:12&r=knm |
| By: | Tanase, Ion Alexandru |
| Abstract: | The paper aims to underline the importance of organizational culture. Although most of the time the culture of a company has an invisible presence, it remains one of the most important parts that forms a company. The paper reflects on how organizational culture can be changed, what are some of the most important facts regarding this process, why is this process so important and how the company’s activity can be modified and improved. It is important to underline the fact that, at the present moment, organizational culture is a very important issue in the activity of worldwide companies, if we take into consideration the fast changing business environment and the globalization process that is taking place. |
| Keywords: | Adaptability; change; culture; organizational culture; procedures; success |
| JEL: | A1 F6 M2 Z1 |
| Date: | 2015–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:80165&r=knm |
| By: | Emanuele Pugliese; Giulio Cimini; Aurelio Patelli; Andrea Zaccaria; Luciano Pietronero; Andrea Gabrielli |
| Abstract: | We show that the space in which scientific, technological and economic developments interplay with each other can be mathematically shaped using pioneering multilayer network and complexity techniques. We build the tri-layered network of human activities (scientific production, patenting, and industrial production) and study the interactions among them, also taking into account the possible time delays. Within this construction we can identify which capabilities and prerequisites are needed to be competitive in a given activity, and even measure how much time is needed to transform, for instance, the technological know-how into economic wealth and scientific innovation, being able to make predictions with a very long time horizon. Quite unexpectedly, we find empirical evidence that the naive knowledge flow from science, to patents, to products is not supported by data, being instead technology the best predictor for industrial and scientific production for the next decades. |
| Date: | 2017–07 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1707.05146&r=knm |
| By: | Samira Hasanzadeh |
| Abstract: | Many researchers have examined the functional relationship between the level of realized total factor productivity (TFP) and innovation, and the positive effect new ideas have on productivity. But, how do diverse ideas drive productivity? And do the home country’s levels of income, civil liberties and political rights influence the spillover effects of innovation? In this research, I answer these questions by using a new dataset on scientific publication. I separate innovations into technical and managerial, and then explore their effects on the economy, using pooled mean group estimations in a dynamic heterogeneous panel setting of 60 countries for the period 1996 to 2014. The findings show that, for high-income countries, domestic innovations in management are a significant source of change in productivity. In contrast, the estimated results do not support the role of the domestic development of management innovation in middle-income countries. However, in the long run, international spillovers of management ideas positively affect the productivity of these latter countries. Regardless of which metric is utilized in the analysis, national spillovers of management ideas increase the productivity of countries with the most-liberal democratic regimes. However, in democratic countries where the regime is only partially liberal, domestic management innovations have a depressing effect on productivity. This last result differs over the long run, as international spillovers of management ideas contribute to higher productivity in less-democratic countries. The results show that, in high-income countries, the elasticity of TFP in respect to management innovation is almost twice as large as it is for technical ideas. The results also indicate that increasing the number of researchers does not enhance the development of management innovation. |
| Keywords: | Knowledge Dessimination, Managerial Ideas, Technical Ideas, Semi-endogenous Growth Model |
| JEL: | O30 O40 O50 |
| Date: | 2017–07–19 |
| URL: | http://d.repec.org/n?u=RePEc:car:carecp:17-09&r=knm |
| By: | Krammer, Sorin M.S. |
| Abstract: | Smart specialization (SS) is a policy concept that has gained significant momentum in Europe despite a frail theoretical background and implementation difficulties. These challenges become critical in the case of less-developed economies that often lack regional autonomy, a strong STI base, and local capabilities to identify and sustain such SS strategies. Combining elements from evolutionary economics and the export-led literature, I propose a framework that anchors the role of SS in the national innovation policy of such laggards, as a complementary avenue for improving competitiveness and growth. Moreover, to assist policy makers in lagging regions or countries, I advance a diagnostic tool to identify potential areas for SS, and also address the systemic and the regional-sectoral bottlenecks in these domains. I exemplify the use of this tool in the case of Bulgaria by using a large battery of quantitative and qualitative indicators from publicly available data. This type of investigation may be useful for other less-developed economies to kick-start this process and identify prima facie SS candidates. |
| Keywords: | Smart Specialization; Innovation Systems; Exports; Patents; Scientific publications; |
| JEL: | F14 O14 O31 O38 O52 |
| Date: | 2015–12–05 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:80203&r=knm |