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on Knowledge Management and Knowledge Economy |
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Issue of 2025–02–03
six papers chosen by Laura Nicola-Gavrila, Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Christoph Grimpe; Fuad Hasanov; Wolfgang Sofka; Geoffrey Borchardt; Philip Schulz |
| Abstract: | A well-functioning market for technology, or ideas, is an important determinant for the type, scope, and distribution of innovation activities. We use a panel of 20 industries across 24 European countries to study the key determinants driving the market for technology. We explore whether the expenditures on external knowledge depends on the sectoral pattern of innovation and an industry’s distance to the global technological frontier. Disseminating knowledge and technology within the industry, bringing it closer to the global technological frontier, tends to reduce the expenditures for external knowledge except in supplier-dominated industries. We also find important complementarity effects in the market for external knowledge. Industries with high R&D spending, with increasingly large firms, and with large investments in machinery and software foster growth of the market for technology. Our findings suggest tailoring innovation policies to help expand both the size of the market for technology and the use of these markets in specific industries. |
| Keywords: | Markets for technology; patterns of innovation; industry studies; R&D; external knowledge; industrial policy |
| Date: | 2025–01–17 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imfwpa:2025/020 |
| By: | Jiang Xu; Haoxiang Qu |
| Abstract: | Iconic products, as innovative carriers supporting the development of future industries, are key breakthrough points for driving the transformation of new quality productive forces. This article is grounded in the philosophy of technology and examines the evolution of human civilization to accurately identify the patterns of product innovation. By integrating theories from systems science, it analyzes the intrinsic logical differences between traditional products and iconic products. The study finds that iconic products are based on a comprehensive knowledge system that integrates explicit and tacit knowledge, enabling them to adapt to complex dynamic environments. Therefore, based on the method of phenomenological essence reduction and the process of specialized knowledge acquisition, this study establishes the first principle of knowledge phenomenology: "knowledge generation-moving from the tacit to the explicit-moving from the explicit to the tacit-fusion of the explicit and tacit." Grounded in knowledge phenomenology, it reconstructs the product design evolution process and establishes a forward innovative design framework for iconic products, consisting of "design problem space-explicit knowledge space-tacit knowledge space-innovative solution space." Furthermore, based on FBS design theory, it develops a disruptive technology innovation forecasting framework of "technology problem space-knowledge base prediction-application scenario prediction-coupled technology prediction, " which collectively advances the innovation systems engineering of iconic products. In light of the analysis of the global future industrial competitive landscape, it proposes a strategy for enhancing embodied intelligence in iconic products. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2501.07141 |
| By: | Abigail Devereaux; Roger Koppl |
| Abstract: | Economists model knowledge use and acquisition as a cause-and-effect calculus associating observations made by a decision-maker about their world with possible underlying causes. Knowledge models are well-established for static contexts, but not for contexts of innovative and unbounded change. We develop a representation of knowledge use and acquisition in open-ended evolutionary systems and demonstrate its primary results, including that observers embedded in open-ended evolutionary systems can agree to disagree and that their ability to theorize about their systems is fundamentally local and constrained to their frame of reference what we call frame relativity. The results of our framework formalize local knowledge use, the many-selves interpretation of reasoning through time, and motivate the emergence of nonlogical modes of reasoning like institutional and aesthetic codes. |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2412.00011 |
| By: | Camelia Oprean-Stan; Sebastian Emanuel Stan; Antonio Pele |
| Abstract: | In this article, models for assessing national intangible resources are analysed through a lecture in the literature, and the best-known evaluation methods are categorized into academic models and models of international organizations, with the most important differences being identified. The European Innovation Scoreboard (EIS) and the World Economic Forum annual reports on Global Competitiveness were considered to assess Romania's position in the international context in terms of intangible assets. Despite the importance of intangible resources at national level and the fact that they are an important factor in determining economic growth in the current knowledge-based economy, this article concludes that Romania's position in the international context regarding intangible assets is very weak, with many weak points in research and innovation performance compared to other EU Member States. Therefore, there is a need in our country to re-evaluate the areas where all efforts need to be focused to stimulate innovation performance, to properly manage national intangible resources, a crucial process for improving the quality of life. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2501.09315 |
| By: | Aurel Mihail Titu; Alina Bianca Pop; Camelia Oprean-Stan; Sebastian Emanuel Stan |
| Abstract: | This paper addresses the issue of intellectual property management in the knowledge-based economy. The starting point in carrying out the study is the presentation of some concepts regarding in the first phase, the intellectual capital. Arguments are made that the knowledge-based economy is a challenge for the current century. The subject of intellectual property is approached through the prism of a topical concept operationalized in the current global economic context. The main institutions that are directly related to this concept are mentioned. The topic of patents related to WOS indexed scientific papers is also debated, along with a series of statistics and studies on the state of patent protection worldwide in the top fields. The last part of the paper contains the conclusions and own points of view on the debated topic. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2501.08232 |
| By: | Huang, Jiayi (Cardiff Business School); Zhou, Peng (Cardiff Business School) |
| Abstract: | Open innovation serves as a critical pathway for aligning Sustainable Business Models (SBMs) with the dual imperatives of the sustainable economy and the digital economy. This editorial review synthesizes insights from theoretical frameworks, particularly the Resource-Based View (RBV) and Transaction Cost Theory (TCT), integrated with the Technology-Organization-Environment (TOE) framework to explore the mechanisms driving open innovation. Our editorial review highlights key dimensions influencing open innovation: technology (digital platforms, emerging technologies like AI, IoT, and blockchain), organization (stakeholder collaboration, governance mechanisms), and environment (regulatory frameworks, market dynamics, and industrial spillovers). This unified framework offers actionable insights for policymakers to foster enabling ecosystems and for business leaders to adopt open innovation strategies for resource optimization and governance improvement. The review concludes that the RBV-TCT-TOE framework provides a generalizable and robust tool for understanding and advancing open innovation across industries and regions, bridging theoretical and practical dimensions to address the challenges of sustainability and digital transformation. |
| Keywords: | Open Innovation; Entrepreneurship; Sustainable Business Model |
| JEL: | O36 |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:cdf:wpaper:2025/2 |