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on Knowledge Management and Knowledge Economy |
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Issue of 2019‒07‒15
two papers chosen by Laura Ştefănescu Centrul European de Studii Manageriale în Administrarea Afacerilor |
| By: | Simplice A. Asongu (Yaoundé/Cameroon); Voxi H. S. Amavilah (REEPS, Arizona, USA); Antonio R. Andres (VSB TU Ostrava Ostrava, Czech Republic) |
| Abstract: | This paper develops a framework (a) to examine whether or not the African business environment hinders or promotes the knowledge economy (KE), (b) to determine how the KE affects economic performance, and (c) how economic performance relates to the inequality-adjusted human socioeconomic development (IHDI) of 53 African countries during the 1996-2010 time period. We estimate the linkages with three related equations. The results support a strong correlation between the dynamics of starting and doing business and variations in KE. The results also show that there exists a weak link between KE and economic performance. Nonetheless, KE-influenced performance plays a more important role in socioeconomic development than some of the conventional control variables like foreign direct investment (FDI), foreign aid, and even private investment. |
| Keywords: | Business Dynamics; Knowledge Economy; Economic Performance |
| JEL: | L59 O10 O30 O20 O55 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:19/004&r=all |
| By: | Audretsch, David (Indiana University); Link, Albert (University of North Carolina at Greensboro, Department of Economics) |
| Abstract: | The premise of this paper is that a basis for firms receiving Small Business Innovation Research (SBIR) research awards to develop commercializable technologies is not only their proposed creative ideas but also their endowment of attendant knowledge necessary to develop the technology being proposed. Based on this premise, we propose that those firms that have higher growth rates attributable to their SBIR awards are also those firms that are more creative and have more knowledge endowments. Empirically, we quantify a firm's creativity and its sources of research knowledge in terms of its past experiences, and we find that firms with more technical experience and sector experience are those that have realized higher growth rates from their SBIR-funded research. |
| Keywords: | knowledge; creativity; entrepreneurship; SBIR program; technology; |
| JEL: | D83 H43 L26 O33 O38 |
| Date: | 2019–07–01 |
| URL: | http://d.repec.org/n?u=RePEc:ris:uncgec:2019_009&r=all |