nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2021‒05‒10
three papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Impact of digital economic activity on regional economic growth: A Case study from northern Minas Gerais between 2009 To 2018 By Dr. Cesar R Salas-Guerra
  2. Human Capital Integration in Mergers and Acquisitions By Fulghieri, Paolo; Sevilir, Merih
  3. Knowledge Spillovers, Trade, and Foreign Direct Investment By Wolfgang Keller

  1. By: Dr. Cesar R Salas-Guerra
    Abstract: At present, the economic measurement of the national statistical offices has not defined or captured the benefits of the digital economy activity due to the low quality or inexistence of methodologies. Currently, there is a relevant debate on the capacity of the digital economy activity to generate productivity, economic growth, and well-being through innovation and knowledge. For this reason, this research identified and studied specialized knowledge, human settlement, and digital economic activity as the factors that influence regional economic growth. As a result, the impact generated by a new business operating models based on information technology was measured. Furthermore, this research used an empirical measurement model that made it possible to identify certain phenomena such as regional poles of regional economic development (PRDE) that surround economically flourishing regions. In addition, it showed that municipalities with high degrees of economic growth were impacted by digital economic activity and specialized knowledge. This finding is consistent with economic growth theories that point to technological evolution as the main factor of modern economic growth. Consequently, this study contributed beneficial results to the local government to develop strategies framed in solving industrial cooperation of economically flourishing regions with their neighbors, facing the problem of agglomeration of resources and capital reflected in human settlement promote an imbalance in economic growth and social development.
    Date: 2021–05
  2. By: Fulghieri, Paolo; Sevilir, Merih
    Abstract: This paper presents a theory of post-merger human capital integration where successful integration depends on the willingness of employees of the merging firms to collaborate and share knowledge. In our model, employees in the post-merger firm choose between collaboration to create synergies, and competition to extract greater resources from the corporate headquarters. We show that incentives to collaborate are stronger in mergers between firms with greater human capital complementarity. In such mergers the post-merger firm has a greater reliance on employee human capital in internalizing the benefut of collaboration, increasing the likelihood that employees will be retained in the post-merger firm and receive higher wages. Anticipating the importance of their human capital, employees become more willing ex ante to choose collaboration over competition, resulting in a greater likelihood of successful human capital integration. Consistent with recent empirical evidence, our model suggests that mergers between firms with greater human capital complementary lead to better merger performance. In addition, our model generates novel predictions such as post-merger wages increasing, and layoffs decreasing in the level of human capital complementarity between merging firms.
    Keywords: Human Capital; mergers
    Date: 2021–03
  3. By: Wolfgang Keller
    Abstract: I study knowledge spillovers, positive externalities that augment the information set of an economic agent, and reviews the evidence on such spillovers in the context of international economic transactions. Even though spillovers are by their very nature difficult to identify, over recent decades a number of advances-conceptual, empirical, as well as in form of new data–have produced robust evidence that both trade and foreign direct investment lead to sizable knowledge spillovers.
    JEL: F1 F23 O3
    Date: 2021–04

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