Search results

1 – 10 of over 135000
Open Access
Article
Publication date: 30 January 2004

Jaehwa Lee

This paper considers a broader concept of economic integration in order to analyze the impact of integration on economic growth within the context of the knowledge-driven…

Abstract

This paper considers a broader concept of economic integration in order to analyze the impact of integration on economic growth within the context of the knowledge-driven endogenous economic growth model. The equilibrium growth rate derived from the model implies that while increasing the flow of ideas from integration speeds up the long-run rate of growth, impact of trade liberalization is complicated and not decisive. The overall impact of economic integration on • economic growth depends on various aspects of the economy which are related to its R&D investment such as knowledge spillovers, and industrial and market structures. The results of this paper suggest that policy makers need to consider international economic policy, market structure and industrial policy all at once, with special emphasis on the effect affirms' R&D activities when making decisions on economic integration.

Details

Journal of International Logistics and Trade, vol. 1 no. 2
Type: Research Article
ISSN: 1738-2122

Keywords

Article
Publication date: 7 August 2017

John Holland

Problems arose in the “market for information” (MFI) during the “dot.com” boom, the Enron case, Northern Rock failure and during the great financial crisis (GFC) of 2007-2009…

Abstract

Purpose

Problems arose in the “market for information” (MFI) during the “dot.com” boom, the Enron case, Northern Rock failure and during the great financial crisis (GFC) of 2007-2009. This paper aims to extend the understanding of the MFI through field research and theoretical sources. It also aims to understand the MFI during relatively stable periods and during periods of rapid change, crisis and failure. It seeks to use these insights to propose changes to reduce the possibilities for negative change and problems in the MFI.

Design/methodology/approach

Field studies are used to develop an “empirical narrative” for ongoing MFI structures, processes and outcomes during relatively stable periods. The paper develops a “theoretical narrative” to extend the understanding of the MFI empirical insights.

Findings

The paper reveals that the MFI structure that includes knowledge and social context is central to ongoing MFI economic processes for MFI agents. Outcomes include changes in markets, firms and others. Changes and problems are means to understand interactions between the MFI social structure, knowledge, actions and outcomes as they rendered visible the previously invisible issues.

Originality/value

The paper shows that a coherent combination of new empirical narrative and theoretical narrative is essential to develop a critical stance, new policy prescriptions and new regulations to deal with problems and changes in the MFI. This provides the frame to propose changes in the “world of knowledge” and in (concentrated and elite) social and economic structures in the MFI. It proposes: making explicit shared knowledge in the MFI, monitoring change processes and promoting active formal learning.

Details

Qualitative Research in Financial Markets, vol. 9 no. 3
Type: Research Article
ISSN: 1755-4179

Keywords

Article
Publication date: 14 September 2010

Kirsten Martinus

The purpose of this paper is to provide conceptual foundations for a study exploring the capacity of hard infrastructure and amenities to influence the socio‐economic imprint of

1773

Abstract

Purpose

The purpose of this paper is to provide conceptual foundations for a study exploring the capacity of hard infrastructure and amenities to influence the socio‐economic imprint of urban spaces. The paper argues that some urban developments are more economically efficient in generating innovation and knowledge than others.

Design/methodology/approach

The paper reviews the debate between urban density and infrastructure. Drawing on empirical evidence and economic production theory, it explores the spatial links between economic growth, innovation and knowledge productivity. It argues that the growing role of human capital in the production process has linked productivity to a city's mix and levels of infrastructure and amenities. It reviews five key infrastructure types for knowledge‐based developments.

Findings

This paper finds that the positive contribution of density to urban vibrancy and human connectivity is constrained by a city's infrastructure and amenity levels. It concludes that urban development cognisant of an appropriate mix and level of infrastructure and amenities will more likely enhance regional knowledge development and innovation than those which are not.

Social implications

The evidence presented in this paper has a broad range of strategic and practical socio‐economic implications, and contributes towards understanding how urban form can leverage social aspects of a city for economic growth.

Originality/value

Using an inter‐disciplinarian approach, this paper provides invaluable insights into the types of infrastructure and importance of urban form for knowledge‐based development. It contends that well‐planned knowledge‐based developments can be leveraged to ensure the successful implementation and delivery of national innovation and productivity priorities.

Details

Journal of Knowledge Management, vol. 14 no. 5
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 30 November 2021

Weiwei Wu, Zhou Liang and Qi Zhang

Nowadays, faced with increasingly dynamic and fierce competition, knowledge is considered to be the core to survive and maintain competitive advantages in both managerial…

Abstract

Purpose

Nowadays, faced with increasingly dynamic and fierce competition, knowledge is considered to be the core to survive and maintain competitive advantages in both managerial practices and academia. Against this background, this study analyzed the influence of technological capabilities (TC) and technology management (TM) on corporate economic performance in the contexts of corporate internal governance mechanisms and external institutional environment from the institutional perspective.

Design/methodology/approach

This study collected data on Chinese publicly listed manufacturing firms in Shenzhen and Shanghai stock markets from 2008 to 2017 and the final data included 3,679 firm-year observations. Ordinary least square regression was used in both regression analysis and robustness tests.

Findings

The empirical results showed that the interaction between TC and TM was positively related to corporate economic performance and both corporate incentives and monitoring mechanisms strengthened this positive relationship; the positive moderating effects of corporate governance were stronger under a more developed corporate external institutional environment.

Originality/value

This research provides a better understanding of the economic effect of TC and TM from the perspective of knowledge integration by indicating that the interaction between TC and TM can enhance corporate economic performance and delimiting the boundaries of this relationship from the institutional perspective.

Article
Publication date: 20 January 2012

Amzad Hossain

The purpose of this paper is to examine and compare the indicators of k‐economy to assess whether their status of development helps to improve such indicators in the SAARC…

1233

Abstract

Purpose

The purpose of this paper is to examine and compare the indicators of k‐economy to assess whether their status of development helps to improve such indicators in the SAARC. Furthermore, the study also aims to create linkage among the indicators of k‐economy, economic integration process in the SAARC, and the knowledge conversion model.

Design/methodology/approach

The paper adopts comparative analyses of the indicators of k‐economy. Indicators are considered under three tracks such as: socio‐economic, economic and ICT infrastructure. Socio‐economic indicators – poverty index, literacy rate, public expenditure on education, R&D expenditure, enrolment of tertiary education, number of researchers in R&D, participation in international agency. Economic indicators – per‐capita real GDP, real GDP growth rate, share of GDP by sector, structure of trade, inflation and unemployment rate. ICT infrastructure indicators – telephone main lines per 100 people, cellular users per 100 people, broadband per 100 people, and internet users per 100 people. The data are obtained from publications, existing reports and web sites of international organizations.

Findings

The indicators of k‐economy demonstrate deprived developmental status with increasing trends in the SAARC member countries. As a result, SAARC demonstrates poor growth in terms of knowledge development as compared to other economic integrations in Asia such as APT. There is a considerable variation in most of the indicators among the member states as measured by CV (coefficient of variation) although they lay in low‐income county status. The people of the SAARC countries like to adopt with the ICT easily if the opportunity is provided. The study revealed that the countries in the SAARC should carefully follow the knowledge creation, conversion, implementation and reverse follow‐up process to meet specific indicator based needs of the specific sector of particular members considering their social and financial affordability in the local context.

Research limitations/implications

The study does not use the same year's data for all the indicators applied in this paper due to lack of data availability.

Practical implications

The findings of this paper will be useful to formulate effective policies to improve the indicators of k‐economy in the SAARC. This will be influential for the SAARC to be a competitive integration.

Originality/value

This study provides comparative empirical evidence of variation in the indicators of k‐economy among the SAARC member countries contribute to improve such indicators. The paper also creates linkage among the indicators of k‐economy, economic integration process in the SAARC, and the knowledge conversion model.

Details

Competitiveness Review: An International Business Journal, vol. 22 no. 1
Type: Research Article
ISSN: 1059-5422

Keywords

Article
Publication date: 1 December 2017

Alexander Degelsegger-Márquez, Svend Otto Remøe and Rudie Trienes

The purpose of this paper is to discuss the prospects of a Southeast Asian knowledge economy in light of regional integration processes and the participation of Southeast Asia in…

Abstract

Purpose

The purpose of this paper is to discuss the prospects of a Southeast Asian knowledge economy in light of regional integration processes and the participation of Southeast Asia in global innovation networks.

Design/methodology/approach

The evidence base is a combination of quantitative data on R&D investments, patent applications and publications, with qualitative data from 40 semi-structured expert interviews conducted with innovation experts, research managers and policymakers in six ASEAN Member States.

Findings

Despite economic growth and increases in R&D inputs and outputs in individual ASEAN Member States, innovation policy at regional ASEAN level remains weak. In addition, the economic integration of the ASEAN Economic Community is progressing slowly. In this environment, evidence is presented for a certain level of regional integration when it comes to the exploitation of knowledge produced within and outside of ASEAN. While a regional market for knowledge exploitation is conceivable, this is not accompanied by the regional integration of knowledge production.

Practical implications

The main practical implication of this argument is the need for ASEAN policymakers to appreciate the disconnection between regional knowledge production and exploitation. This paper offers conceptual tools to engage in ASEAN-level policy discussions on this issue that can help facilitate the best possible regional outcome.

Originality/value

Despite several studies on the ASEAN Economic Community process, there has been no contribution so far that combines a discussion of the economic integration process with a look at the regional knowledge economy and innovation systems. This perspective does not only contribute to innovation systems literature, but also entails important policy lessons.

Details

Journal of Science and Technology Policy Management, vol. 9 no. 1
Type: Research Article
ISSN: 2053-4620

Keywords

Open Access
Article
Publication date: 22 February 2022

Shamim Ahmad Siddiqui and Munshi Naser Ibne Afzal

The purpose of this study is to look at the United Arab Emirates’ (UAE's) progress toward economic diversification and becoming a knowledge-based economy.

3131

Abstract

Purpose

The purpose of this study is to look at the United Arab Emirates’ (UAE's) progress toward economic diversification and becoming a knowledge-based economy.

Design/methodology/approach

The World Development Indicators (WDI) and GlobalEconomy websites provided all secondary data for this paper. The data are largely used to highlight the UAE's current level of diversification and, consequently, the atmosphere for a knowledge economy transition necessary for sustainable development. Additionally, the study conducts a nonparametric estimation using DEA to identify the condition of four variables pertaining to the UAE's knowledge economy. The Herfindahl-Hirschman index (HHI) was utilized empirically in this study to determine the current state of diversity.

Findings

According to this research, the UAE economy was reasonably diverse until recently. The number of patents and journal papers published per resident both add to the UAE's GDP. Furthermore, the UAE's information and communication technology (ICT) exports are inconsistent; a declining trend in the number of researchers and the education sector's continuous struggles are major concerns. Furthermore, Figure 1 in the introduction reinforces this conclusion by noting that construction and building remained the greatest employer of labor throughout the time period. This is a significant finding because, as illustrated in this research, low labor force participation in the education sector, combined with lower citizen participation in advanced education in the UAE, results in low scientific research and publications, with low knowledge output as patent applications. In general, the majority of the UAE's population is expat, and the extent to which locals and expats contribute to the overall advancement of education remains an open question. According to the data envelopment analysis (DEA) model, three variables in the knowledge economy are productive, and they are economic incentive and institutional regime, innovation systems and ICT. The findings of this article will aid policymakers in the UAE, and more generally in the Gulf Cooperation Council (GCC) region, in developing more successful policies that help in the growth of a knowledge- and innovation-based economy.

Practical implications

This study is appropriate for UAE economic policymakers to monitor the state and policies required for the UAE's transition to a knowledge economy.

Originality/value

This issue has rarely been addressed by the use of robust parametric and nonparametric processes, as well as robust data visualization tools.

Details

Review of Economics and Political Science, vol. 7 no. 3
Type: Research Article
ISSN: 2356-9980

Keywords

Article
Publication date: 31 May 2012

Allam Ahmed and Amer Al-Roubaie

The purpose of this paper is to highlight the importance of innovation and technological learning in building a knowledge-based economy in the Muslim world. Despite abundant…

1164

Abstract

Purpose

The purpose of this paper is to highlight the importance of innovation and technological learning in building a knowledge-based economy in the Muslim world. Despite abundant financial and human capital, most Muslim countries still lack adequate scientific and technological infrastructure to absorb, apply and create knowledge and disseminate information.

Design/methodology/approach

Using various major international institutions’ databases (UN, World Bank, OCED, etc.), a holistic approach is used to analyse the critical role of science, technology and innovation to build a knowledge-based economy in Muslim countries.

Findings

This paper examines the main challenges facing Muslim countries to build a knowledge-based economy driven by innovation and technological learning. In doing so, a framework for building an effective innovation system that will achieve a knowledge-based economy in Muslim countries is presented, taking into account a variety of international, institutional and intellectual perspectives.

Originality/value

Given the scarcity of information and data about the subject area on Muslim countries, the study uses several sources of secondary data which are considered the most valid and reliable data available internationally about the subject.

Details

World Journal of Science, Technology and Sustainable Development, vol. 9 no. 2
Type: Research Article
ISSN: 2042-5945

Keywords

Article
Publication date: 11 September 2009

Duc Dang and Katsuhiro Umemoto

This paper aims to model the national development of the knowledge economy and argue its policy implications.

2330

Abstract

Purpose

This paper aims to model the national development of the knowledge economy and argue its policy implications.

Design/methodology/approach

The methodology is a deductive research approach. First, the paper examines fundamental epistemological assumptions of the literature on the knowledge economy to identify major views on the knowledge economy. Second, it synthesizes relevant studies of the knowledge economy to develop key concepts to be used in the theoretical model of the knowledge economy.

Findings

The paper argues that among three views of the knowledge economy (i.e., knowledge‐as‐asset, knowledge‐as‐relation, and knowledge‐as‐capability views), the knowledge‐as‐capability view is the most appropriate to explain the knowledge economy. However, this view is still evolving to explain the knowledge economy. Only a few studies have discussed national capabilities, but they omitted many points of capability as an aspect of knowledge. Although many studies have discussed organizational capabilities and provided some insight, these ideas are not directly applicable at the national level.

Practical implications

This paper suggests that to develop a knowledge economy a national government should be concerned about the balanced development of the whole system of the economy, while paying due attention to knowledge‐related activities.

Originality/value

This paper proposes a theoretical model of the knowledge economy, using original concepts of three types of national basic capability, i.e., epistemic capability, economic capability, and institutional capability and national developmental capability as the meta‐capability of leveraging, orchestrating, and restructuring those basic capabilities.

Details

Journal of Knowledge Management, vol. 13 no. 5
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 1 April 1998

Masudul Alam Choudhury

The much debated topic of economic regulation and deregulation in the perspectives of market transformation that is now gripping the global politico‐economic climate, is studied…

Abstract

The much debated topic of economic regulation and deregulation in the perspectives of market transformation that is now gripping the global politico‐economic climate, is studied with the Islamic focus in it. In the attempt, comparative ideas in this area are taken up, particularly those propounded by Baumol with regards to regulation of firms to generate a semblance of competitive pricing. The Islamic firm is studied in reference to a knowledge‐based model of unification as complementarity among possibilities. Such a model is shown to be the crux of Shari'ah in the Islamic political economy as in the broadest sense of the socio‐scientific order, where process‐oriented as opposed to optimal models of equilibrium, apply. In reference to such a knowledge‐centered epistemological model of Divine Unity (Tawhid), it is argued that all kinds of regulation become redundant in the case of the Islamic firm. Such is a firm that complies with Shari'ah rules in the Islamic political economy. Here the socio‐economic transformation is guided towards realizing ethicized markets. The short‐run and long‐run cases are studied with regards to the problem of regulation. What is the nature of regulation for a modern Islamic firm in the face of a global market transformation process that is on? The answer to this question is to be sought first from the viewpoint of Islamic Law (Shari'ah) concerning economic regulation and the nature of goods, transactions, instruments and exchange in the market process. Secondly, the question of validity of some of the present days regulatory practices must be investigated. In this paper the above two points will be the focus of study.

Details

Humanomics, vol. 14 no. 4
Type: Research Article
ISSN: 0828-8666

1 – 10 of over 135000