Knowledge Capital and the “New Economy”

Firm Size, Performance And Network Production

Business & Finance, Management & Leadership, Industrial Management, Economics, Economic Development
Cover of the book Knowledge Capital and the “New Economy” by Pontus Braunerhjelm, Springer US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Pontus Braunerhjelm ISBN: 9781461544159
Publisher: Springer US Publication: December 6, 2012
Imprint: Springer Language: English
Author: Pontus Braunerhjelm
ISBN: 9781461544159
Publisher: Springer US
Publication: December 6, 2012
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer US

Cover of the book The State and the International Oil Market by Pontus Braunerhjelm
Cover of the book Drug Evaluation in Angina Pectoris by Pontus Braunerhjelm
Cover of the book Steroid Receptors in Health and Disease by Pontus Braunerhjelm
Cover of the book Robust Intelligence and Trust in Autonomous Systems by Pontus Braunerhjelm
Cover of the book Molecular Pathology of Endocrine Diseases by Pontus Braunerhjelm
Cover of the book Calcium and Cellular Metabolism by Pontus Braunerhjelm
Cover of the book Handbook on Data Envelopment Analysis by Pontus Braunerhjelm
Cover of the book The Pharmacology of Nerve and Muscle in Tissue Culture by Pontus Braunerhjelm
Cover of the book Recent Advances in Drug Delivery Systems by Pontus Braunerhjelm
Cover of the book Aggressive Behavior by Pontus Braunerhjelm
Cover of the book Behavioral Teratogenesis and Behavioral Mutagenesis by Pontus Braunerhjelm
Cover of the book Schizophrenic Disorders: by Pontus Braunerhjelm
Cover of the book Smart Networks by Pontus Braunerhjelm
Cover of the book Breast Cancer: Biological and Clinical Progress by Pontus Braunerhjelm
Cover of the book Action in Social Context by Pontus Braunerhjelm
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy