nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2023‒07‒10
five papers chosen by
Laura Nicola-Gavrila
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Knowledge creation through multimodal communication By Berliant, Marcus; Fujita, Masahisa
  2. Global Evolution of Research in urban environment and human health: A Bibliometric Study By Hang, Trinh Thi Thu; Diep, Nguyen Bich; Khuc, Quy Van
  3. State-of-the-art in international development cooperation, with a focus on South-South and triangular cooperation: analytical study of knowledge accrued, 2013–2022 By Hernández Rosario, Anna Cristina
  4. Evaluation and Learning in R&D Investment By Alexander P. Frankel; Joshua L. Krieger; Danielle Li; Dimitris Papanikolaou
  5. Uncertainty, risk, and capital growth By Segal, Gill; Shaliastovich, Ivan

  1. By: Berliant, Marcus; Fujita, Masahisa
    Abstract: Knowledge creation either in isolation or joint with another person, using either face to face or internet contact, incorporating internet search ability is analyzed. In addition to formal knowledge, tacit knowledge plays an essential role in the knowledge production process. Due to a myopic decision rule used by knowledge workers, the sink point of the dynamic system is found not be the most effective long run profile for knowledge creation. The framework is applied to pandemic restrictions on face to face communication; workers with longer commutes experience less of a relative productivity loss from restrictions than workers with shorter commutes.
    Keywords: Knowledge creation; Tacit knowledge; Multimodal communication; Pandemic restrictions
    JEL: D83 L86
    Date: 2023–05–26
  2. By: Hang, Trinh Thi Thu; Diep, Nguyen Bich; Khuc, Quy Van
    Abstract: Most nations are experiencing rapid urbanization. By 2050, it is estimated that almost 70% of the world’s population will reside in urban areas. Building green cities, smart cities, or more sustainable cities is the top priority policies for many countries, which requires a more advanced understanding of the urban’s ecological and social systems. This study aims to examine the growth trajectory, most influential documents, intellectual and conceptual structure of the literature regarding urban environment and human health research. Bibliometric analysis was performed using 424 validated scientific works related to the topic published during 1997- 2023. The review showed that this field’s knowledge grew exponentially during the last two decades. For example, the five most frequently used keywords found are “urban” (63 occurrences), “health” (47 occurrences), “impact” (44 occurrences), “urban population” (40 occurrences), “mortality” (36 occurrences), while the number of publication increased from 3 in 1990 to 58 in 2018. The majority of them are contributed by scholars from the world’s developed countries or large economies such as the United States (92 documents), China (70 documents), England (39 documents), and Germany (25 documents). We reasoned that scientific culture, research spending, and collaboration are the main causes of the growth in knowledge and disparity in scientific productivity among institutes and/or nations. In addition, based on the co-citation analysis, three major research lines were identified. The findings of this study offer many key implications for devising the urban policies that further promote knowledge creation and sharing while closing gaps in academic publishing in the long run.
    Date: 2023–05–19
  3. By: Hernández Rosario, Anna Cristina
    Abstract: This publication analyses the state-of-the-art in international development cooperation, with a focus on South-South and triangular cooperation, based on a bibliographic and documentary review of more than 80 publications published between 2013 and 2022. The contents are organized under four headings: (i) development in transition as a foundation, (ii) multi-stakeholder environment: identification of key stakeholders, (iii) challenges and priorities in South-South and triangular cooperation, and (iv) towards the reconfiguration of South-South and triangular cooperation as a development tool: a collective approach. Through a review of concepts and proposals discussed in Latin America and the Caribbean over the last ten years, the author reflects on some of the challenges facing international development cooperation —and South-South and triangular cooperation in particular— in the context of the new development challenges shaped by the spirit of universality and indivisibility of the 2030 Agenda and its Sustainable Development Goals (SDGs).
    Date: 2023–05–23
  4. By: Alexander P. Frankel; Joshua L. Krieger; Danielle Li; Dimitris Papanikolaou
    Abstract: We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are more likely to inspire subsequent successful drugs. We introduce a model where firms are better able to evaluate the viability of incremental drugs, but where investing in novel drugs helps firms learn about future projects. Firms appear to put more value on evaluation versus learning, and those patterns are in-part driven by the appropriability of spillovers.
    JEL: G11 L65 O31 O32 O34
    Date: 2023–05
  5. By: Segal, Gill; Shaliastovich, Ivan
    Abstract: We find that high macroeconomic uncertainty is associated with greater accumulation of physical capital, despite a reduction in investment and valuations. To reconcile this puzzling evidence, we show that uncertainty predicts lower depreciation and utilization of existing capital, which dominates the investment slowdown. Motivated by these dynamics, we develop a quantitative production-based model in which firms implement precautionary savings through reducing utilization rather than raising investment. Through this novel intensive-margin mechanism, uncertainty shocks command a quarter of the equity premium in general equilibrium, while flexibility in utilization adjustments helps explain uncertainty risk exposures in the cross-section of industry returns.
    Keywords: Uncertainty, Production, Asset Pricing, Utilization, Depreciation, Equity Premium
    JEL: G12 E32 D81 D50
    Date: 2023

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