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on Knowledge Management and Knowledge Economy |
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Issue of 2022‒08‒15
five papers chosen by Laura Nicola-Gavrila Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Schilirò, Daniele |
| Abstract: | Innovation is the key to long-term growth. The starting point of this contribution is Schumpeter's theory of innovation. The relationship between innovation and policies aimed at fostering innovative activity is also discussed. The data of the Global Innovation Index relating to 2021 are illustrated to capture the dynamics of the countries that carry out innovative activities most successfully. Related to the themes of innovation and growth there is that of the knowledge-based economy, which in recent years has favored the development "Fourth Industrial Revolution" thanks to the digital technologies, robotics and artificial intelligence. Finally, the knowledge economy index developed by the United Nations Development Program (UNDP) is examined. |
| Keywords: | Innovazione, crescita, economia basata sulla conoscenza, quarta rivoluzione industriale |
| JEL: | O30 O40 |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:113729&r= |
| By: | Xiang Ding; Teresa C. Fort; Stephen J. Redding; Peter K. Schott |
| Abstract: | We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' “auxiliary” establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated with increased growth and industry switching. We rationalize this reallocation in a model where irms combine physical and knowledge inputs as complements, and where producing the latter in-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model, manufacturing firms with auxiliary employment pivot towards services in response to a plausibly exogenous decline in their physical input prices. |
| Keywords: | structural transformation, professional services, intangible knowledge, economic growth |
| JEL: | D24 L16 O47 |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:cen:wpaper:22-19&r= |
| By: | Paula Geralda Barbosa Coelho (PPGIT/UFMG); Márcia Siqueira Rapini (CEDEPLAR/UFMG) |
| Abstract: | The paper presents a mapping of the life trajectory of entrepreneurship and innovation of entrepreneurial professors in this area of Information Technology (IT) at the Federal University of Minas Gerais (UFMG), who converted knowledge and scientific assets into wealth. Data collection and qualitative analysis used the roadmapping method, adapted by the author, which was useful to elucidate the main strategies mobilized by entrepreneurial professors and understand how they undertook, innovated, and carried out knowledge and technology transfer (KTT). The results presented in this work demystify the patent as the only channel for the creation and distribution of value in the IT sector and indicate that the use of several TCT channels and various strategies can lead to a considerable creation and distribution of value. |
| Keywords: | Academic entrepreneurship, Entrepreneurial professors, Retrospective roadmapping, Information technology, Knowledge and technology transfer. |
| JEL: | O31 I23 |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:cdp:texdis:td642&r= |
| By: | Jakub Growiec |
| Abstract: | Research and development (R&D) requires not only skilled research work, but also dedicated machinery and equipment: R&D capital. In this paper I demonstrate that R&D, producing labor-augmenting ideas, and the accumulation of R&D capital can form a dual engine of economic growth. With R&D capital, balanced growth can be sustained even under decreasing returns and in the absence of population growth. This result contributes to the long-lasting debate on endogenous vs. semi-endogenous R&D-based growth and the likelihood of an upcoming secular stagnation. |
| Keywords: | R&D capital, long-run economic growth, growth engine, endogenous growth, secular stagnation. |
| JEL: | O30 O40 |
| Date: | 2022–05 |
| URL: | http://d.repec.org/n?u=RePEc:sgh:kaewps:2022077&r= |
| By: | Susan Athey; Kristen Grabarz; Michael Luca; Nils Wernerfelt |
| Abstract: | During the course of the COVID-19 pandemic, a common strategy for public health organizations around the world has been to launch interventions via advertising campaigns on social media. Despite this ubiquity, little has been known about their average effectiveness. We conduct a large-scale program evaluation of campaigns from 174 public health organizations on Facebook and Instagram that collectively reached 2.1 billion individuals and cost around \$40 million. We report the results of 819 randomized experiments that measured the impact of these campaigns across standardized, survey-based outcomes. We find on average these campaigns are effective at influencing self-reported beliefs, shifting opinions close to 1% at baseline with a cost per influenced person of about \$3.41. There is further evidence that campaigns are especially effective at influencing users' knowledge of how to get vaccines. Our results represent, to the best of our knowledge, the largest set of online public health interventions analyzed to date. |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2206.10214&r= |