nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2018‒05‒21
four papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Innovation activities of gazelles in business services as a factor of sustainable growth in the Slovak Republic By Dana Benešová; Viera Kubičková; Anna Michálková; Monika Krošláková
  2. Property Rights, Predation, and Productivity By del Río, Fernando
  3. Exponential Innovation and Human Rights: Implications for Science and Technology Diplomacy By Juma, Calestous
  4. Remittances, Human Capital, and Economic Growth: Panel Data Evidence from Asia and Sub-Saharan Africa By Chakra Pani Acharya; Roberto Leon-Gonzalez

  1. By: Dana Benešová (University of Economics in Bratislava); Viera Kubičková (University of Economics in Bratislava); Anna Michálková (University of Economics in Bratislava); Monika Krošláková (University of Economics in Bratislava)
    Abstract: Gazelles create greater share of new jobs in comparison with other businesses operating on the market. These are young businesses of various sizes, but mainly small businesses. They generate a high rate of growth of production within a short time, which is based on the use of innovation, they are also the bearers of innovation. They are characterized by effective use of creativity and human resource capacities. They may be found in all sectors of economy, but to the greatest extent in the services sector and within that sector mainly in business services characterized by high knowledge intensity, high dynamics and continuous growth in employment. Gazelles of business services in the Slovak Republic intensively use all types of innovation. Management ability to optimize innovative processes according to needs of the enterprise seems to be of importance. Human resources and performance is considered to be the most important area of innovation influence. With its innovative activity they act as the accelerator of economy and changes in the thinking and culture of both enterprises, as well as the whole company toward sustainable growth.
    Keywords: sustainable growth,performances,knowledge-intensive services,innovation,gazelles,fast-growing companies,business services
    Date: 2018–03–30
  2. By: del Río, Fernando
    Abstract: We develop a neoclassical growth model with imperfect property rights in which predation entails both waste of resources and deadweight losses, the latter becoming very large when the predation rate is high. According to the model, in the United States, the welfare costs of crime represent a loss of 18.6% of consumption per capita. For a country in the average of the last decile of the distribution of an index of business costs of crime across 94 countries, this loss is 57.8%. Moreover, a one standard deviation increase in the quality index of formal institutions securing property rights increases GDP per worker by 23% for a country with an institutional quality index equal to the average of the last decile of its distribution.
    Keywords: Rent-seeking, cross-country differences in TFP and GDP per worker, business costs of crime, institutional quality, welfare costs of crime.
    JEL: O10 O4 O43
    Date: 2018–02–13
  3. By: Juma, Calestous (Harvard University)
    Abstract: The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options for improving its well-being. Recently anxieties arising from rapid advancement in science and technology and the emergence of new global business models have re-opened debates on the relations between exponential innovation and human rights. The search for inclusive innovation models has led to the need to rethink traditional views about concepts such as “technology transfer†that continue to underpin international negotiations, especially under the United Nations (UN). This paper explores these themes and proposes alternative ways for emerging economies to expand their human potential without undue reliance on the one-way flow of scientific and technological knowledge from the industrialized countries. It calls on strengthening international science and technology advice, especially in the UN Secretariat, to help support more constructive discussions on the interactions between innovation and human rights.
    Date: 2018–02
  4. By: Chakra Pani Acharya (National Planning Commission Secretariat, Kathmandu, Nepal); Roberto Leon-Gonzalez (National Graduate Institute for Policy Studies, Tokyo, Japan)
    Abstract: We examine the impact of remittances on economic growth using panel data (1975-2014) for 18 countries in Asia and Sub-Saharan Africa (SSA) that are similar in size and development level. We allow for heterogeneous production functions across countries and calculate the average marginal effects of remittances using the panel dynamic ordinary least squares estimator. The estimation results show that remittances increase growth significantly, especially through investments in human capital. In addition we find that: (i) remittances have a modest impact on growth when controlling for physical and human capital channels through which remittances potentially affect output growth; (ii) when we do not control for human capital the effect is larger regardless of the sub-samples considered - the elasticity of output with respect to remittances is 7.3 percent in the full sample, and 18.6 percent among Asian countries ; (iii) remittances have a significant positive long-run effect on human capital formation regardless of the sub-samples considered but the effect on physical capital accumulation is significant only among middle income and Asian countries. The findings suggest that channeling the remittances towards investments in physical capital and adoption of new knowledge, skills and technology is crucial for high economic growth in low income countries.
    Date: 2018–05

This nep-knm issue is ©2018 by Laura Ştefănescu. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.