nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2022‒09‒05
two papers chosen by
Laura Nicola-Gavrila
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. A resource-based analysis of strategic alliances between knowledge intermediaries in regional innovation and entrepreneurial ecosystems By Bäumle, Philipp; Bizer, Kilian
  2. A Kaleckian growth model of secular stagnation with induced innovation By Stamegna, Marco

  1. By: Bäumle, Philipp; Bizer, Kilian
    Abstract: Notwithstanding a recent upsurge in interest in knowledge intermediaries and their roles in innovation and entrepreneurial ecosystems, we know little about the interplay between the activities of academia driven intermediaries and their publicly financed counterparts. Building upon a combination of principles derived from the resource based theory and the entrepreneurial ecosystems literature, this paper investigates the potentials of cooperation between different knowledge intermediaries. Therefore, we analyze the alignment of financial, knowledge, market and network resources in politically funded regional alliances between university internal and university external intermediaries by the means of a qualitative approach. We find that while knowledge intermediaries can benefit from access to additional ecosystem specific resources, the urge to improve the own position within the ecosystem hampers the will for cooperation and can lead to non performing resource alignments. This paper contributes to current scholarly discussions by suggesting and testing a theoretical foundation for analyzing the cooperative behavior of knowledge intermediaries in innovation and entrepreneurial ecosystems.
    Keywords: resource-based view,strategic alliances,knowledge intermediaries,innovation and entrepreneurial ecosystems,qualitative case study
    JEL: I29 O31 O39
    Date: 2022
  2. By: Stamegna, Marco
    Abstract: The present paper works out a demand-led growth model of a labour-constrained economy with an endogenous direction of technical change. It draws on the Kaleckian-Steindlian tradition to examine the short-run relation between income distribution, capacity utilization, and capital accumulation; on Goodwin-type growth cycle models to investigate the dynamic interaction between labour market and distributive conflict; on the induced innovation literature to link labour productivity growth to income distribution. The model defines a two-dimensional system of differential equations in the wage share and the employment rate at full capacity to investigate the properties of the long-run equilibrium. In a Kaleckian fashion, an endogenous rate of capacity utilization allows effective demand and income distribution to affect the long-run equilibrium. We find that: i) an exogenous increase in workers’ bargaining power raises the long-run labour share, capital accumulation, labour productivity growth, and real wage growth, regardless of the short-run demand and growth regime of the economy; ii) a positive institutional shock to the labour share may cause the long-run employment rate to fall even in a wage-led demand regime; conversely, iii) positive technology shocks reduce the long-run rate of growth of the economy in a wage-led growth regime; thus, strengthening labour market regulation emerges as an unambiguously better strategy to raise the long-run labour share, capital accumulation, and labour productivity growth.
    Keywords: Functional income distribution; effective demand; growth regimes; endogenous technical change
    JEL: E12 E24 E25 O40
    Date: 2022–07–12

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