Knowledge Capital And The New Economy

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Knowledge Capital and the “New Economy”

Pontus Braunerhjelm
Knowledge Capital and the New Economy Book PDF

Author : Pontus Braunerhjelm
Publisher : Springer Science & Business Media
Page : 119 pages
File Size : 51,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461544159

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Knowledge Capital and the “New Economy” by Pontus Braunerhjelm Pdf

According to its proponents, the `new economy' is associated with sustainable growth, increased demand for labor and zero inflation. On the micro-level, this bright avenue into the future is propelled by knowledge capital, flexibility and new ways of organizing production, such as clusters and networks. Progress in information technology, together with massive deregulation on the national and the international levels, have been credited with setting this development into motion. The concept of the `new economy' has been rapidly embraced by politicians, as it seems to offer a way out of the traditional trade-off between unemployment and wage inflation. However, empirical evidence regarding the microeconomic mechanisms of the `new economy' is scarce. Knowledge Capital and the `New Economy': Firm Size, Performance and Network Production intends to narrow this gap by empirically analyzing the composition of knowledge capital and how knowledge capital is distributed across firms of different size. Moreover, the impact of knowledge capital on firms' profitability and international competitiveness is also examined. Finally, we compare cluster dynamics and the institutional set-up in Europe and the U.S., with the purpose of identifying regulations that seem to hinder a conducive environment for expanding and dynamic European clusters. The results of this study emphasize the role of knowledge capital and flexibility. Thus, irrespective of how sustainable the `new economy' turns out to be, the policy implications in terms of providing institutions that facilitate knowledge-enhancing economic activities, flexible markets and transparent incentive structures are undeniable. Countries that fail in this respect may find themselves trailing in the international growth and welfare rankings.

The Knowledge Capital of Nations

Eric A. Hanushek,Ludger Woessmann
The Knowledge Capital of Nations Book PDF

Author : Eric A. Hanushek,Ludger Woessmann
Publisher : MIT Press
Page : 275 pages
File Size : 53,9 Mb
Release : 2023-08-15
Category : Business & Economics
ISBN : 9780262548953

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The Knowledge Capital of Nations by Eric A. Hanushek,Ludger Woessmann Pdf

A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

Measuring Capital in the New Economy

Carol Corrado,John Haltiwanger,Daniel Sichel
Measuring Capital in the New Economy Book PDF

Author : Carol Corrado,John Haltiwanger,Daniel Sichel
Publisher : University of Chicago Press
Page : 602 pages
File Size : 46,7 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226116174

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Measuring Capital in the New Economy by Carol Corrado,John Haltiwanger,Daniel Sichel Pdf

As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.

The Wealth of Knowledge

Thomas A. Stewart
The Wealth of Knowledge Book PDF

Author : Thomas A. Stewart
Publisher : Crown Currency
Page : 399 pages
File Size : 41,7 Mb
Release : 2007-12-18
Category : Business & Economics
ISBN : 9780307424181

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The Wealth of Knowledge by Thomas A. Stewart Pdf

In Thomas A. Stewart’s bestselling first book, Intellectual Capital, he redefined the priorities of businesses around the world, demonstrating that the most important assets companies own today are often not tangible goods, equipment, financial capital, or market share, but the intangibles: patents, the knowledge of workers, and the information about customers and channels and past experience that a company has in its institutional memory. Now in his new book, The Wealth of Knowledge, Stewart--widely acknowledged as the world’s leading expert on working with intellectual capital in today’s knowledge economy--reveals how today’s companies are applying the concept of intellectual capital into day-to-day operations to dramatically increase their success in the marketplace. Arguing that companies can make untold millions of dollars by managing knowledge more effectively--and save millions more--Stewart offers executives and managers compelling accounts of how leading companies around the world are successfully tackling the practical issues involved in today’s knowledge economy. The heart of the book is a revolutionary 4-step preocess that shows how to put intellectual capital to work to improve performance and profitablity, as well as manage knowledge processes. He goes on to discuss how companies can better utilize their current assets and enhance their knowledge resources for the future. Questioning many of the assumptions that have ruled business in the twentieth century, he addresses such critical and fundamental issues as why companies exist, how they should be organized and how people should be compensated. With his customary fearlessness and foresight, he plunges into the thick of the controversial arena of measuring and accounting, as well-an increasingly difficult task when a corporation’s assets are intangible. The Wealth of Knowledge not only sets out the latest thinking in creating and managing knowledge assets, but provides a detailed course of action for corporations trying to navigate their way in the world of knowledge economy.

Intellectual Capital in the Digital Economy

Patricia Ordóñez de Pablos,Leif Edvinsson
Intellectual Capital in the Digital Economy Book PDF

Author : Patricia Ordóñez de Pablos,Leif Edvinsson
Publisher : Routledge
Page : 293 pages
File Size : 49,7 Mb
Release : 2020-03-09
Category : Business & Economics
ISBN : 9781000051995

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Intellectual Capital in the Digital Economy by Patricia Ordóñez de Pablos,Leif Edvinsson Pdf

This book presents a global view of digital and knowledge-based economies and analyses the role of intellectual capital, intellectual capital reports and information technology in achieving sustained competitive advantages in the globalized economy. Intellectual Capital in the Digital Economy reviews the state of the art in the field of intellectual capital and intellectual capital reports, exploring core concepts, strengths and weaknesses, gaps, latest developments, the main components of intellectual capital, the main sections of the reports, and indicators of each component. It presents experiences from pioneering companies and institutions in measuring intellectual capital around the world. It incorporates an interdisciplinary and cross-sectorial approach, offering a comparative view of intellectual capital reports elaborated in different regions of the world. This book presents case studies and experiences on the building of intellectual capital reports in organizations. In addition, the book discusses the benefits and challenges of building intellectual capital reports in smart economies and societies. This book is of direct interest to researchers, students and policymakers examining intellectual capital and the knowledge-based economy.

Innovation Economics, Engineering and Management Handbook 1

Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto
Innovation Economics Engineering and Management Handbook 1 Book PDF

Author : Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto
Publisher : John Wiley & Sons
Page : 466 pages
File Size : 44,7 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781119832485

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Innovation Economics, Engineering and Management Handbook 1 by Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto Pdf

Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.

Living on Thin Air

Charles Leadbeater
Living on Thin Air Book PDF

Author : Charles Leadbeater
Publisher : Unknown
Page : 290 pages
File Size : 48,5 Mb
Release : 2000
Category : Business & Economics
ISBN : STANFORD:36105025109815

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Living on Thin Air by Charles Leadbeater Pdf

'A crucially inspired and inspiring roadmap...At times scary (as your old certainties crumble under the truth of his argument) and at other times pulse-racing (the grand, new possibilities), this is a vital book. It charts the true sources of economic power in this new world and no politician should be without it' Jonathan Myerson,Independent 'The reality of the knowledge economy and globalisation is carefully explored by Charles Leadbeater...[he] captures well the helplessness that people feel when unregulated, global markets become dysfunctional...Where Leadbeater really scores...is in recognising that the social, ethical and organisational structures - around which our commerce and society are based - must shift to adjust to the new economy' Alex Brummer,Guardian

From Knowledge to Intelligence

Helen N. Rothberg,G. Scott Erickson
From Knowledge to Intelligence Book PDF

Author : Helen N. Rothberg,G. Scott Erickson
Publisher : Routledge
Page : 380 pages
File Size : 41,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 9780750677622

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From Knowledge to Intelligence by Helen N. Rothberg,G. Scott Erickson Pdf

In the New Economy, intelligence will be essential for firms to gain competitive advantage--not just information or knowledge. Competitive intelligence, or the strategic gathering of knowledge about competitors, climate, trends, new products, has a long and successful history of generating competitive advantage. In this book, Rothberg and Erickson demonstrate how corporations can combine their competitive intelligence gathering with their internal knowledge management gathering into one dynamic system. Using real-world cases from the corporate world, the authors show how the strategic use of this combined system generates measurable competitive advantage. Topics covered include how be develop your strategy for sharing and gathering knowledge across the value chain, sustainable product development and innovation, manufacturing improvement, CRM and marketing, and developing a corporate-wide global knowledge strategy.

Supporting Investment in Knowledge Capital, Growth and Innovation

OECD
Supporting Investment in Knowledge Capital Growth and Innovation Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 362 pages
File Size : 54,7 Mb
Release : 2013-10-10
Category : Electronic
ISBN : 9789264193307

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Supporting Investment in Knowledge Capital, Growth and Innovation by OECD Pdf

This work shows that business investment in knowledge-based capital is a key to future productivity growth and living standards and sets out recommendations in the fields of: innovation; taxation; entrepreneurship and business development; corporate reporting; big data; competition and measurement.

The Knowledge Economy

Roberto Mangabeira Unger
The Knowledge Economy Book PDF

Author : Roberto Mangabeira Unger
Publisher : Verso Books
Page : 305 pages
File Size : 40,9 Mb
Release : 2022-06-28
Category : Political Science
ISBN : 9781788734981

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The Knowledge Economy by Roberto Mangabeira Unger Pdf

Revolutionary account of the transformative potential of the knowledge economy Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy. In every part of the production system it remains a fringe excluding the vast majority of workers and businesses. This book explores the hidden nature of the knowledge economy and its possible futures. The confinement of the knowledge economy to these insular vanguards has become a driver of economic stagnation and inequality throughout the world. Traditional mass production has stopped working as a shortcut to economic growth. But the alternative—a deepened and socially inclusive form of the knowledge economy—continues to lie beyond reach in even the richest countries. The shape of contemporary politics on both the left and the right reflects a failure to come to terms with this dilemma and to overcome it. Unger explains the knowledge economy in the truncated and confined form that it has today and proposes the way to a knowledge economy for the many: changes not just in economic institutions but also in education, culture, and politics. Just as Smith and Marx did in their time, he uses an understanding of the most advanced practice of production to rethink both economics and the economy as a whole.

Intellectual Capital

Thomas A. Stewart
Intellectual Capital Book PDF

Author : Thomas A. Stewart
Publisher : Crown Currency
Page : 316 pages
File Size : 54,5 Mb
Release : 2010-09-22
Category : Business & Economics
ISBN : 9780307765857

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Intellectual Capital by Thomas A. Stewart Pdf

Visionary in scope, Intellectual Capital is the first book that shows how to turn the untapped knowledge of an organization into its greatest competitive weapon. Thomas A. Stewart demonstrates how knowledge--not natural resources, machinery, or financial capital--has become the most important factor in economic life. Through practical advice, stories, and case histories, Stewart reveals how organizations and individuals can create and use the knowledge assets they need. Dazzling in its ability to make conceptual sense of the economic revolution we are living through, this ingenious book cuts through the vague rhetoric of "paradigm shifts" to show how the Information Age economy really works. Intellectual Capital should be read as if the futures of your company and your career depend on it. They do.

Intellectual Capital in the Digital Economy

Patricia Ordóñez de Pablos,Leif Edvinsson
Intellectual Capital in the Digital Economy Book PDF

Author : Patricia Ordóñez de Pablos,Leif Edvinsson
Publisher : Routledge
Page : 344 pages
File Size : 40,6 Mb
Release : 2020
Category : Corporation reports
ISBN : 0367250675

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Intellectual Capital in the Digital Economy by Patricia Ordóñez de Pablos,Leif Edvinsson Pdf

This book presents a global view of digital and knowledge-based economies and analyses the role of intellectual capital, intellectual capital reports and information technology in achieving sustained competitive advantages in the globalized economy. Intellectual Capital in the Digital Economy reviews the state of the art in the field of intellectual capital and intellectual capital reports, exploring core concepts, strengths and weaknesses, gaps, latest developments, the main components of intellectual capital, the main sections of the report, and indicators of each component. It presents experiences from pioneering companies and institutions in measuring intellectual capital around the world. It incorporates an interdisciplinary and cross-sectorial approach, offering a comparative view intellectual capital reports elaborated in different regions of the world. This book presents case studies and experiences on the building of intellectual capital reports in organizations. In addition, the book discusses the benefits and challenges of building intellectual capital reports in smart economies and societies. This book is of direct interest to researchers, students and policymakers examining intellectual capital and the knowledge-based economy.

The Strategic Management of Intellectual Capital

David A. Klein
The Strategic Management of Intellectual Capital Book PDF

Author : David A. Klein
Publisher : Routledge
Page : 247 pages
File Size : 54,6 Mb
Release : 2009-11-03
Category : Business & Economics
ISBN : 9781136355936

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The Strategic Management of Intellectual Capital by David A. Klein Pdf

The fourth in the readers' series Resources for the Knowledge-Based Economy, The Strategic Management of Intellectual Capital analyzes the link between the strategic and operational roles of intellectual capital in the organization. The Strategic Management of Intellectual Capital is the perfect resource for the growing number of companies pursuing a strategic approach to managing their intellectual capital and harnessing and leveraging their knowledge, experience, and expertise more systematically to attain a competitive advantage.

Knowledge Economies and Knowledge Work

Bill LaFayette,Wayne Curtis,Denise Bedford,Seema Iyer
Knowledge Economies and Knowledge Work Book PDF

Author : Bill LaFayette,Wayne Curtis,Denise Bedford,Seema Iyer
Publisher : Emerald Group Publishing
Page : 304 pages
File Size : 43,9 Mb
Release : 2019-10-24
Category : Business & Economics
ISBN : 9781789737752

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Knowledge Economies and Knowledge Work by Bill LaFayette,Wayne Curtis,Denise Bedford,Seema Iyer Pdf

Our global economy is going through a major transformation, from an industrial economy, to a knowledge economy, rendering knowledge a primary factor in production. In this practical, real-world focused book, expert authors come together to define and discuss knowledge work.

National Intellectual Capital

Carol Yeh-Yun Lin,Leif Edvinsson
National Intellectual Capital Book PDF

Author : Carol Yeh-Yun Lin,Leif Edvinsson
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 49,8 Mb
Release : 2010-10-29
Category : Business & Economics
ISBN : 9781441973771

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National Intellectual Capital by Carol Yeh-Yun Lin,Leif Edvinsson Pdf

Over the past decade, knowledge assets and intellectual capital have been attracting an increasing amount of attention, not only from academics and CEOs, but also from national policy makers. To date, most studies of intellectual capital have focused at the organizational level, with an emphasis on explaining the role of “intangible assets” as a differentiator between accounting value and market value as a possible source of corporate competitive advantage. More recently, pioneers in the field, including the authors of this book, have begun to apply these methodologies to a broader scope, with the objective of comparing the intellectual capital indices at the national or regional level. As a result, an increasing number of world organizations and researchers are commissioned to investigate this future-oriented crucial national issue. Yet, the linkage between the value of intangible assets and how to quantify or benchmark it is still tenuous, not to mention easily misunderstood by a layman for guiding better decision making. With the belief that numbers talk and statistics hide valuable information, this book serves to present the authors’ research findings, covering 14 years (1995-2008) of intellectual capital information, comprised of human capital, market capital, process capital, renewal capital, and financial capital for 40 countries. The last three chapters go beyond analysis of current intellectual capital factors, and present practical tools for launching initiatives at the national level. The book will serve as an essential resource for researchers, policy makers, and business leaders concerned with issues of economic growth and competitiveness, innovation, and business creation.