nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2019‒05‒13
six papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. The knowledge economy in historical perspective By Hippe, Ralph Thomas Klaus; Fouquet, Roger
  2. Trajectories of Knowledge Economy in SSA and MENA countries By Asongu, Simplice; Andrés, Antonio
  3. Impact of Artificial Intelligence on Businesses: from Research, Innovation, Market Deployment to Future Shifts in Business Models By Neha Soni; Enakshi Khular Sharma; Narotam Singh; Amita Kapoor
  4. Unpacking product modularity. Innovation in R&D Teams By Martinez, Daniel
  5. Innovation activity in South Africa: Measuring the returns to R&D By Steenkamp Andre; Schaffer Mark; Flowerday Wayde; Goddard John
  6. A Twenty-Year Citation Analysis of the Knowledge Outflow and Inflow Patterns from the Journal of Product Innovation Management By Shikhar Sarin; Christophe Haon; Mustapha Belkhouja

  1. By: Hippe, Ralph Thomas Klaus; Fouquet, Roger
    Abstract: The knowledge economy provides huge opportunities for economic growth and to become the cornerstone of future economic development by turning data into wisdom or human capital. Education, one aspect of the knowledge economy, exhibits a history divided into three stages: the apprenticeship era, the universal schooling era and the (future) life-long learning era. The spread of knowledge has accelerated owing to the different stages of knowledge production, in particular the printing press and now the internet
    JEL: N0
    Date: 2018–03–01
  2. By: Asongu, Simplice; Andrés, Antonio
    Abstract: In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-based economy dimensions. The paper employs all the four components of the World Bank’s Knowledge Economy Index (KEI): economic incentives, innovation, education, and information infrastructure. The main finding suggests that sub-Saharan African (SSA) and the Middle East and North African (MENA) countries with low levels of KE dynamics and catching-up their counterparts of higher KE levels. We provide the speeds of integration and time necessary to achieve full (100%) integration. Policy implications are also discussed.
    Keywords: Knowledge economy; Principal component analysis; Panel data; Convergence; Development
    JEL: F42 O10 O38 O57 P00
    Date: 2019–01
  3. By: Neha Soni; Enakshi Khular Sharma; Narotam Singh; Amita Kapoor
    Abstract: The fast pace of artificial intelligence (AI) and automation is propelling strategists to reshape their business models. This is fostering the integration of AI in the business processes but the consequences of this adoption are underexplored and need attention. This paper focuses on the overall impact of AI on businesses - from research, innovation, market deployment to future shifts in business models. To access this overall impact, we design a three-dimensional research model, based upon the Neo-Schumpeterian economics and its three forces viz. innovation, knowledge, and entrepreneurship. The first dimension deals with research and innovation in AI. In the second dimension, we explore the influence of AI on the global market and the strategic objectives of the businesses and finally, the third dimension examines how AI is shaping business contexts. Additionally, the paper explores AI implications on actors and its dark sides.
    Date: 2019–05
  4. By: Martinez, Daniel
    Abstract: Does modularity stimulate innovation or, on the other side, are these modules and standards limiting engineers to innovative? The R&D team collaboration context is somewhat paradoxical, as it requires autonomy, on the one hand, working and keeping modules separate in design, and yet interaction on the other hand, as teams need to be participative in the integrative process of bringing different modules together. This story is centered on the influences of product modularity on innovation under the specific R&D team context. Essentially, this study unpacks the understanding of the concept of product modularity in R&D organizations by establishing the two essential dimensions of product modularity (i.e., module standardization and reconfiguration), and studying the effects on innovation in R&D teams. In addition, this work enhances the understanding of the concept of alignment between task and organizational structure and provides evidence of the impact of this alignment on innovation.
    Date: 2019
  5. By: Steenkamp Andre; Schaffer Mark; Flowerday Wayde; Goddard John
    Abstract: Improvements in productivity are necessary to effectively increase economic growth in the long term. The literature emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is therefore of critical importance to the competitiveness and growth of firms. Research and development (R&D) expenditure is used extensively as a proxy for innovation in the literature.Here, we use a production function approach to estimate the return to R&D in South African manufacturing firms for the period 2009–2014 using South African firm-level data. We find that the return to R&D in South African manufacturing firms is high compared to OECD countries. This analysis has been undertaken several times for OECD countries, but far less frequently for non-OECD countries. These findings therefore are not just novel for South Africa, but for the development economics literature more generally, and raise important insights for innovation policy in South Africa.
    Keywords: Productivity
    Date: 2018
  6. By: Shikhar Sarin (Boise State University); Christophe Haon (MKT - Marketing - Grenoble École de Management (GEM), IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Mustapha Belkhouja (Grenoble École de Management (GEM))
    Abstract: Since its inception in 1984, an emphasis on cross-functionality and interdisciplinary research was encrypted into the DNA of the Journal of Product and Innovation Management (JPIM). This essay explores the extent to which the journal has served as a platform for exchange of ideas between different disciplines by examining knowledge outflow and inflow with other scientific journals and disciplines over a 20-year period (1994-2013). Based on an extensive bibliometric database, we gain insights about how JPIM has evolved. We show that the journal has become a gatekeeper, importing knowledge mostly from the marketing and management literatures, and exporting knowledge to the technology and innovations management and the operations management domains.
    Date: 2019

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