nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2021‒03‒08
two papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Intangible Capital and Innovation: An Empirical Analysis of Vietnamese Enterprises By Qing Li; Long Hai Vo
  2. In the New Economy Era, are the World Economies Adequately Using Knowledge to Compete Externally? By Abou Hamia, Mohamad A.

  1. By: Qing Li (Department of Economics and Finance, SILC Business School, Shanghai University.); Long Hai Vo (Economics Department, Business School, the University of Western Australia; Research Centre in Business, Economics and Resources, Ho Chi Minh City Open University; Faculty of Finance, Banking and Business Administration, Quy Nhon University)
    Abstract: Intangible capital is an important growth driver in the modern knowledge-based and innovation-driven economy. While there seems to be sufficient support for the role of intangible capital from developed economies, evidence from fast-growing developing countries is much more limited. This paper explores the heterogeneous pattern and potential determinants of firm-level intangible capital investment in Vietnam. We found that firm size, human capital, and information and communication technology increase the likelihood to invest in intangible capital. Additionally, an inverted-U shaped relation is identified between market competition and intangible capital investment: Moderate levels of market competition induce firms in Vietnam to invest more in innovative activities, but the effect of stronger competition diminishes.
    Keywords: Intangible capital investment; innovation; Vietnamese firms
    JEL: O34 O12 R11
    Date: 2021
  2. By: Abou Hamia, Mohamad A.
    Abstract: The article shows that the world economies are relying less on knowledge to compete in external markets in the last decade compared to the 1990s. The article shows that only four countries contribute a staggering 65% to the world growth and more than 180 countries contribute 36%, which is roughly equal to the Chinese contribution. The article attributes this unbalanced contribution to world growth to the fact that the world economy is not sufficiently and effectively spending on R&D, which is key to sustainable economic growth and creating decent jobs.
    Keywords: R&D,Knowledge,World Growth,China
    JEL: O11 O24 O32
    Date: 2021

This nep-knm issue is ©2021 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.