nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2020‒06‒15
five papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Towards digital globalization and the covid-19 challenge By Schilirò, Daniele
  2. Bank Lending in the Knowledge Economy By Giovanni Dell'Ariccia; Dalida Kadyrzhanova; Camelia Minoiu; Lev Ratnovski
  3. The growing digital divide in Europe and the United States By Désirée Rückert; Reinhilde Veugelers; Christoph Weiss
  4. Engineers and the Knowledge Gap between Andean and Nordic Countries, 1850-1939 By JosŽ Peres-Caj’as; Kristin Ranestad
  5. Using Environmental Knowledge Brokers to Promote Deep Green Agri-environment Measures By Paolo Melindi-Ghidi; Tom Dedeurwaerdere; Giorgio Fabbri

  1. By: Schilirò, Daniele
    Abstract: Digital globalization is a new form of globalization. It brings about relevant changes regarding how business is conducted across borders, the flow of economic benefits, and broadening participation. The growth of data and information related to digital globalization determines that global economic, financial, and social connections increase through digital platforms. Covid-19 is causing a shock to the global economy that is proving to be both faster and more severe than the 2008 global financial crisis. If the current crisis is pushing towards deglobalization, at the same time, Covid-19 represents a challenge for digital globalization and the digital transformation of economies. This research contribution examines the process towards digital globalization that is characterizing the world economy, its impact on businesses, consumers, and governments. It also discusses the challenge that the crisis caused by the coronavirus pandemic is posing to the globalization and digital transformation of economies.
    Keywords: digital globalization; fourth industrial revolution; artificial intelligence; Covid-19; deglobalization; digital innovation policy
    JEL: D20 D78 F60 L86 O31
    Date: 2020–04
  2. By: Giovanni Dell'Ariccia; Dalida Kadyrzhanova; Camelia Minoiu; Lev Ratnovski
    Abstract: We study the composition of bank loan portfolios during the transition of the real sector to a knowledge economy where firms increasingly use intangible capital. Exploiting heterogeneity in bank exposure to the compositional shift from tangible to intangible capital, we show that exposed banks curtail commercial lending and reallocate lending to other assets, such as mortgages. We estimate that the substantial growth in intangible capital since the mid-1980s explains around 30% of the secular decline in the share of commercial lending in banks' loan portfolios. We provide suggestive evidence that this reallocation increased the riskiness of banks' mortgage lending.
    Keywords: Bank lending; Corporate intangible capital; Real estate loans; Commercial loans
    JEL: E22 E44 G21
    Date: 2020–05–22
  3. By: Désirée Rückert; Reinhilde Veugelers; Christoph Weiss
    Abstract: Using a new survey on digitalisation activities of firms in the EU and the US, we identify digitalisation profiles based on the current use of digital technologies and future investment plans in digitalisation. Our analysis confirms the trend toward digital polarisation and a growing digital divide in the corporate landscape with, on one side, many firms that are not digitally active, and on the other side, a substantial number of digitally active firms forging ahead. Old small firms, with less than 50 employees and more than 10 years old, are significantly more likely to be persistently digitally non-active. We show that these persistently non-digital firms are less likely to be innovative, increase employment or command higher mark-ups. These trends are likely to exacerbate the digital divide across firms in the EU and the US.
    Keywords: digital technology, investment, firm performance
    Date: 2020–05–18
  4. By: JosŽ Peres-Caj’as (Universitat de Barcelona, Spain); Kristin Ranestad (Lund University, Sweden)
    Abstract: Rather than exogenous endowments, natural resources can be seen as economically exploitable resources thanks to knowledge improvements. This underscores the need to understand why some natural resource abundant countries are able to develop their own technologies while others are not. We tackle this issue by looking at the evolution of engineering faculties and graduate engineers from 1850 to 1939 in Andean and Nordic countries, two regions where natural resources were critical at the onset of modern economic growth. We find the consolidation of a knowledge gap between Andean and Nordic countries during the First Globalization that was materialized in: a) a drastic difference in the total number of locally trained engineers; b) the role that these engineers played in their respective labor markets. These differences were the result of differences in public support to primary education and migration traditions. Both, in turn, are linked to historical and geographic contingencies.
    Keywords: Human capital, Technology, Innovation, First Globalization, Patents, Mining
    JEL: N40 N50 N80 O33 O38
    Date: 2020–06
  5. By: Paolo Melindi-Ghidi (Corresponding author. ECONOMIX, Université Paris-Nanterre and AMSE, Aix-Marseille University); Tom Dedeurwaerdere (FNRS & BIOGOV Unit, Université Catholique de Louvain and FNRS, Belgium); Giorgio Fabbri (GAEL - CNRS, INRA, Grenoble INP, Univ. Grenoble Alpes)
    Abstract: Intermediary organisations have increasingly played a role in payments for agri-environment services across Europe over the last two decades. However, the economics literature has so far not examined the impact of this new governance mechanism on environmental protection and on individuals' behaviour. We develop a new theoretical economic framework to compare an incentive mechanism using intermediaries, such as environmental knowledge brokers and information providers, with a standard central governance mechanism, in terms of environmental impact. We show that the emergence of knowledge intermediaries is particularly effective where farmers initially have low environmental awareness, or when the public institution organizing the scheme is insufficiently aware of individuals' characteristics. Our findings provide theoretical support for previous empirical results on payment schemes for agri-environment measures.
    Keywords: Knowledge Brokers, Intermediaries, Pro-environmental Culture, Agri-environment Measures, Cultural Transmission, Principal-agent
    JEL: Q51 Q58 Z19
    Date: 2020–03–27

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