nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2020‒11‒16
four papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Facing the Digital Transformation: Are Digital Skills Enough? By Maria-Chiara Morandini; Anna Thum-Thysen; Anneleen Vandeplas
  2. The Use of Intellectual Property Protection Mechanisms by Publicly Supported Firms By Link, Albert; van Hasselt, Martijn
  3. Innovations and Decentralized Energy Markets: Technologies and Institutions for a Clean and Prosperous Energy Future By Kiesling, Lynne
  4. Measuring Knowledge with Patent Data: an Application to Low Carbon Energy Technologies By Clement Bonnet

  1. By: Maria-Chiara Morandini; Anna Thum-Thysen; Anneleen Vandeplas
    Abstract: Digitalisation presents great opportunities for economic growth and improvements in working conditions. At the same time, it brings challenges such as new skill requirements – with potentially important distributional implications in the absence of commensurate policy action. To facilitate the digital transition and reap its benefits, people will need a broad set of skills. The analysis in this paper suggests that both cognitive (numeracy, literacy and digital) and non-cognitive skills exhibit a strong and robust positive correlation with labour productivity. While cognitive skills remain very important, there are signs that non-cognitive skills are rapidly increasing in importance. In a world in which the task content of jobs is progressively de-routinised and changing faster than ever, adaptability, communication and collaboration skills, critical thinking, creativity, entrepreneurship, and readiness to learn become all the more important. The digital transformation calls for policies that foster strong foundation skills, promote life-long learning and strengthen the link between education, training and the world of work. Complementary structural policies that promote efficient resource allocation or that enhance investment in intangible assets can strengthen the link between skills and productivity. While education and training policies fall mostly under the responsibility of Member States, the EU can support human capital development by promoting cooperation and the exchange of best practices among Member States, and through targeted financial support.
    Keywords: human capital, skills mismatch, productivity, inclusive growth, structural policy, Morandini, Thum-Thysen, Vandeplas.
    JEL: J24 I20 O15
    Date: 2020–07
  2. By: Link, Albert (University of North Carolina at Greensboro, Department of Economics); van Hasselt, Martijn (University of North Carolina at Greensboro, Department of Economics)
    Abstract: Technology-based firms use intellectual property protection mechanisms (IPPMs) to appropriate the returns to their research investments. The empirical literature has generally focused on the use of IPPMs by private sector firms to appropriate the returns to their privately financed R&D-based technologies. To date, studies have not considered the use of IPPMs by private sector firms whose research is publicly financed. We identify empirically a number of significant covariates with the use of a portfolio of formal IPPMs consisting of patents, copyrights, and trademarks. However, our multivariate empirical analyses show that caution is needed in generalizing about such covariates when discussing any one particular formal IPPM.
    Keywords: Patents; Copyrights; Trademarks; Intellectual property; SBIR program; Program evaluation; Technology;
    JEL: O34 O38
    Date: 2020–10–30
  3. By: Kiesling, Lynne
    Abstract: Digital technologies facilitate the coordination of energy sales between consumers in vastly different ways than in the past. In these new transactive energy systems, digital devices like smart energy meters are programmed to buy and sell electricity from other households or traditional electricity providers. This is a dramatically different system than the current utility-based model where there is one supplier of electricity that all consumers purchase from. This research first examines the potential for digital technologies to provide new services to consumers. The paper then discusses how current utility regulations prevent the use and growth of digital technologies. Finally, it suggests policy changes to encourage the use of digital energy technologies. Moving toward a transactive energy system on a broader scale will take time. The authors propose several policy changes that could clear the way for continued innovation in decentralized energy markets. They include allowing electricity rates to vary dynamically over the day based on overall demand, directing utilities away from cost-based rate setting and towards a consumer protection model that provides information on electricity suppliers, and implementing performance-based rates that compensate utilities for providing the electrical grid infrastructure that households use to buy and sell electricity. The authors find that these changes would allow innovative digital technologies to improve people’s lives by making electricity more affordable and cleaner.
    Keywords: Research and Development/Tech Change/Emerging Technologies, Resource /Energy Economics and Policy
    Date: 2020–02
  4. By: Clement Bonnet (EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique, Chaire économie du climat - Chaire économie du climat)
    Date: 2020–10–19

This nep-knm issue is ©2020 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.
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