nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2023‒04‒24
three papers chosen by
Laura Nicola-Gavrila
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Uncertain Prior Economic Knowledge and Statistically Identified Structural Vector Autoregressions By Sascha A. Keweloh
  2. Talent Management, its Practices and Antecedents: A Systematic Review By Dr. Anju Sigroha; Ms. Surbhi Dahiya
  3. Education, Labor Force Composition, and Growth A General Equilibrium Analysis By Roson, Roberto

  1. By: Sascha A. Keweloh
    Abstract: This study proposes an estimator that combines statistical identification with economically motivated restrictions on the interactions. The estimator is identified by (mean) independent non-Gaussian shocks and allows for incorporation of uncertain prior economic knowledge through an adaptive ridge penalty. The estimator shrinks towards economically motivated restrictions when the data is consistent with them and stops shrinkage when the data provides evidence against the restriction. The estimator is applied to analyze the interaction between the stock and oil market. The results suggest that what is usually identified as oil-specific demand shocks can actually be attributed to information shocks extracted from the stock market, which explain about 30-40% of the oil price variation.
    Date: 2023–03
  2. By: Dr. Anju Sigroha (Department of Management Studies, DeenbandhuChhotu Ram University of Science and Technology, Murthal, Sonepat, Haryana, India); Ms. Surbhi Dahiya (Department of Management Studies, DeenbandhuChhotu Ram University of Science and Technology, Murthal, Sonepat, Haryana, India)
    Abstract: The most critical challenge for today's organisations is to manage their pool of talent e fectively. The managers need some strategic moves and practices to acquire, develop and retain the key employees. Despite the fact that acquiring and managing high performing talent has gained a lot of attention from academicians and scholars, it still has several questions unanswered. The dimensions like speci c de nition, practices, factors and its outcomes are still not clear. This paper is an attempt to advance our knowledge about various aspects relating to managing talent by corporations. The de nition, framework, practices and predictors of talent management are covered in the study based on previous domains of talent management. The conceptual study is conducted to cover the gap in existing literature. The study is based on secondary research related to talent management, its practices and various antecedents. The methodology followed is to have a systematic review of existing literature relating to the TM eld.
    Keywords: Talent develop retain employee branding competitive, Talent, develop, retain, employee branding, competitive
    Date: 2023–02–13
  3. By: Roson, Roberto
    Abstract: We propose, in this paper, a novel approach to modelling education and human capital formation in a computable general equilibrium model. Rather than adopting microeconomic-based assumptions of human capital formation, we look for an empirical relationship between labor force composition and expenditure in education services. After realizing a set of econometric estimates, we found some robust relationships between workers’ shares in the labor force and educational expenditure, in real terms and per capita. To assess the implications of these findings, we simulate, in a conventional CGE model for Ethiopia, the impact of an increase in public expenditure devoted to education. Our simulation results highlight the existence of a multiplicative effect, such that the overall increase in the supply of education services, in the final equilibrium state, is more than three times larger than the initial demand push. This comes associated with a positive supply shock, entailing gains in productivity, income, and welfare, as well as changes in the structure of the economy.
    Keywords: International Relations/Trade, Labor and Human Capital
    Date: 2022

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