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on Knowledge Management and Knowledge Economy |
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Issue of 2024‒07‒08
two papers chosen by Laura Nicola-Gavrila, Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Gilbert Cette; Jimmy Lopez; Jacques Mairesse; Giuseppe Nicoletti |
| Abstract: | Business environments dominated by information flows and autonomous tasks, typical of knowledge-intensive industries, are likely to require enough social capital to be viable and productive. In this paper, we use new EUKLEMS-INTANProd industry-level data (Bontadini et al., 2023a) covering a panel of 19 countries and 20 industries over the 1995-2018 period to investigate the influence of a key element of social capital – trust – on labour productivity in intangible-intensive industries, controlling for hiring and firing regulations that can constrain the ability of managers to implement best practices productively. We find that in such industries, productivity gains from high levels of trust are stronger than elsewhere, while too strict hiring and firing regulations are more damaging for productivity. Using a more limited sample for which data on management quality are available, we show that the positive impact of high trust on productivity in intangible-intensive industries is channeled by the ability to benefit from good management, a key element of organizational capital. Productivity gains from relatively high levels of trust in knowledge-rich environments are estimated to be sizeable and our estimates survive a number of robustness checks. |
| JEL: | J24 L25 O50 |
| Date: | 2024–05 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32513&r= |
| By: | RADOVANOVIC Nikola (European Commission - JRC); FABBRI Emanuele (European Commission - JRC); MATUSIAK Monika (European Commission - JRC); CONTE Andrea (European Commission - JRC); SALOTTI Simone (European Commission - JRC); DOSSO Mafini; HOLLANDERS Hugo; MERKELBACH Iris; TOLIAS Yannis; DURAN SILVA Nicolau; FUSTER MARTÍ Enric; MASSUCCI Francesco A.; PLAZAS Adrià |
| Abstract: | All Western Balkan economies launched their first respective Smart Specialisation strategy development processes by 2018, wishing to enhance their innovation policy frameworks with the evidence-based and participatory approach for revealing priority areas for policy intervention. Within these efforts, the economies had a complex task to thoroughly analyse their promising domains through economic, innovation and scientific mapping exercises. This report gives an overview of the regional competitiveness based on providing evidence on specialisation as well as emerging areas, highlighting their potential in detail. Although common patterns of economic specialisation are relatively rare, Western Balkan economies express a certain potential for science&technology collaborations. Smart Specialisation processes can enhance regional collaborations and contribute to bridging gaps between Science and Industry. |
| Date: | 2024–05 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc136606&r= |