nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2022‒12‒05
four papers chosen by
Laura Nicola-Gavrila
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Knowledge is non-fungible By Cesar A. Hidalgo;
  2. Knowledge spillovers, related variety and firm heterogeneity By Cainelli, Giulio; Ganau, Roberto
  3. The Hedgehog’s Curse: Knowledge Specialization and Displacement Loss By Victor Hernandez Martinez; Hans Holter; Roberto Pinheiro
  4. Knowledge and Well-Being in the Digital Society: Towards a Research Agenda By Büchi, Moritz

  1. By: Cesar A. Hidalgo;
    Abstract: What would you do if you were asked to “add†knowledge?* Would you say that “one plus one knowledge†is two “knowledges†? Less than that? More? Or something in between? Adding knowledge sounds strange, but it brings to the forefront questions that are as fundamental as they are eclectic. These are questions about the nature of knowledge and about the use of mathematics to model reality. In this chapter, I explore the mathematics of adding knowledge starting from what I believe is an overlooked but key observation: the idea that knowledge is non-fungible. nations.
    Keywords: knowledge, non-fungible, economic complexity
    JEL: D83 E14 O31 O33
    Date: 2022–11
  2. By: Cainelli, Giulio; Ganau, Roberto
    Abstract: Economic geographers and regional economists have traditionally analysed the mechanisms driving learning processes and the diffusion of knowledge among local economic actors. During the past decade, the concept of «related variety» has been frequently used to denote an agglomeration force able to explain knowledge-related advantages for firms and geographically bounded productive systems, and which arises from the heterogeneity of local industries. Besides this concept, more recent studies have emphasised the role of firm heterogeneity as an alternative – but not substitute – mecha-nism for knowledge creation and diffusion. This paper discusses the factors driving the emergence of knowledge spillovers within agglomerative spaces, and conducts a critical comparison between the concepts of industrial related variety and firm heterogeneity as two potential sources of local knowledge externalities, and, thus, of local economic development.
    Keywords: agglomeration economies; knowledge spillovers; related variety
    JEL: J1
    Date: 2021–05–01
  3. By: Victor Hernandez Martinez; Hans Holter; Roberto Pinheiro
    Abstract: This paper studies the impact of knowledge specialization on earnings losses following displacement. We develop a novel measure of the specialization of human capital, based on how concentrated the knowledge used in an occupation is. Combining our measure with individual labor histories from the NLSY 79-97 and Norway’s LEED, we show that workers with more specialized human capital suffer larger earnings losses following exogenous displacement. A one standard deviation increase in pre-displacement knowledge specialization increases the earnings losses post-displacement by 3 to 4 pp per year in the US, and by 1.5 to 2 pp per year in Norway. In the US, the negative effect of higher pre-displacement knowledge specialization on post-displacement earnings is driven by the negative impact of knowledge specialization on well-paid outside opportunities. By contrast, this association between outside opportunities and knowledge specialization plays no role in post-displacement earnings losses in Norway, where the negative effect of specialization is in part explained by its association with the routine content and the offshoring probability of the occupation.
    Keywords: Earnings Loss; Knowledge Specialization; Unemployment; Human Capital
    JEL: J31 J62 J63
    Date: 2022–11–09
  4. By: Büchi, Moritz
    Abstract: Digital media have permeated all spheres of life in many world regions and drastically changed how people seek information to satisfy their everyday knowledge needs. Successfully fulfilling these needs can impact subjective well-being and life outcomes. This is pronounced in transition-al phases with increased knowledge needs such as emerging adulthood. These needs and their fulfillment are socially structured, for example through skills differences. Simultaneously, how knowledge can be acquired through digital media is also dependent on their structure and governance. This paper contributes first to a better understanding of how sociotechnical infrastructures change, how and where they can be shaped by whom, and what is ultimately required for a future web of knowledge (epistemic web); and second, to making the effects of individual information seeking practices on life outcomes and well-being empirically addressable. Equitable digital societies require understanding and governing how digital media enable access to which knowledge. Considering the knowledge needs and dynamic life trajectories in the digital society, research is needed that can provide critical empirical and theoretical insights for the future of human communication and well-being.
    Date: 2022–09–13

This nep-knm issue is ©2022 by Laura Nicola-Gavrila. 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.