Knowledge Capital and the "New Economy": Firm Size, Performance and Network Production
| AUTHOR | Braunerhjelm, Pontus |
| PUBLISHER | Springer (05/31/2000) |
| PRODUCT TYPE | Hardcover (Hardcover) |
Description
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 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.
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Product Format
Product Details
ISBN-13:
9780792378013
ISBN-10:
0792378016
Binding:
Hardback or Cased Book (Sewn)
Content Language:
English
More Product Details
Page Count:
118
Carton Quantity:
52
Product Dimensions:
6.28 x 0.55 x 9.54 inches
Weight:
0.77 pound(s)
Feature Codes:
Bibliography,
Index
Country of Origin:
US
Subject Information
BISAC Categories
Business & Economics | Economics - Microeconomics
Business & Economics | General
Business & Economics | Economics - General
Dewey Decimal:
338.5
Library of Congress Control Number:
00023126
Descriptions, Reviews, Etc.
publisher marketing
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 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.
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Author:
Braunerhjelm, Pontus
Pontus Braunerhjelm earned his Ph.D. at the Graduate Institute of International Studies, Geneva, Switzerland, in 1994. His research centers around issues related to entrepreneurship, knowledge, localization and industrial dynamics and growth. His has published extensively in journals and also
contributed to several books internationally published. In 2000 he participated in the CEPR Monitoring European Integration report (with co-authors R. Faini, V. Norman, F. Ruane and P. Seabright). Dr. Braunerhjelm is presently heading two larger research projects: One on endogenous growth and
entrepreneurship and the other on microeconomic dynamics within Europe. He has been a regular participant in the 'wise men' group of economists that annually evaluates the Swedish economy and presents policy recommendations (SNS Economic Policy Group). Presently Pontus Brauerhjelm holds Leif
Lundbad's chair in international business and entrepreneurship at The Royal Institute of Technology, Stockholm.
Maryann Feldman is the Jeffery S. Skoll Chair in Technical Innovation and Entrepreneurship and Professor of Business Economics at the Rotman School of Management, University of Toronto. Prior to joining Rotman, Dr. Feldman held the position of Policy Director for Johns Hopkins Whiting School of
Engineering and prior to that she was a research scientist at the Institute on Policy Studies at the University. Dr. Feldman is on the Advisory Panel for the U.S. National Science Foundation's Program on Societal Dimensions of Engineering, Science and Technology. Her research and teaching interests
focus on the areas of innovation, the commercialization of academic research and the factors thatpromote technological change and economic growth. A large part of Dr. Feldman's work concerns the geography of innovation - investigating the reasons why innovation clusters spatially and the mechanisms
that support and sustain industrial clusters.
contributed to several books internationally published. In 2000 he participated in the CEPR Monitoring European Integration report (with co-authors R. Faini, V. Norman, F. Ruane and P. Seabright). Dr. Braunerhjelm is presently heading two larger research projects: One on endogenous growth and
entrepreneurship and the other on microeconomic dynamics within Europe. He has been a regular participant in the 'wise men' group of economists that annually evaluates the Swedish economy and presents policy recommendations (SNS Economic Policy Group). Presently Pontus Brauerhjelm holds Leif
Lundbad's chair in international business and entrepreneurship at The Royal Institute of Technology, Stockholm.
Maryann Feldman is the Jeffery S. Skoll Chair in Technical Innovation and Entrepreneurship and Professor of Business Economics at the Rotman School of Management, University of Toronto. Prior to joining Rotman, Dr. Feldman held the position of Policy Director for Johns Hopkins Whiting School of
Engineering and prior to that she was a research scientist at the Institute on Policy Studies at the University. Dr. Feldman is on the Advisory Panel for the U.S. National Science Foundation's Program on Societal Dimensions of Engineering, Science and Technology. Her research and teaching interests
focus on the areas of innovation, the commercialization of academic research and the factors thatpromote technological change and economic growth. A large part of Dr. Feldman's work concerns the geography of innovation - investigating the reasons why innovation clusters spatially and the mechanisms
that support and sustain industrial clusters.
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