Pontus Braunerhjelm

Knowledge Capital and the "New Economy"

Firm Size, Performance And Network Production

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Economics of Science, Technology and Innovation 20
• Verlag: Springer / Springer US / Springer, Berlin
• Artikelnr. des Verlages: 978-1-4613-6987-5
• Softcover reprint of the original 1st ed. 2000
• Seitenzahl: 132
• Erscheinungstermin: 12. Oktober 2012
• Englisch
• Abmessung: 235mm x 155mm x 8mm
• Gewicht: 213g
• ISBN-13: 9781461369875
• ISBN-10: 1461369878
• Artikelnr.: 37476794

Autorenporträt

Pontus Braunerhjelm has held leading positions at the Research Institute of Industrial Economics (IFN, Stockholm, Sweden), the Center for Business and Policy Studies (SNS), KTH (Sweden), and the Swedish Entrepreneurship Forum (as managing director from 2008 to 2015). His research focuses on the intersection between innovation, entrepreneurship, industrial dynamics, and growth. He has approximately 350 publications, of which 150 are published in peer-reviewed international journals and books. Pontus has also been involved in several policy-oriented projects for the Swedish government. Between 2007 and 2009, he served as the General Secretary of the Swedish Globalization Council. From 2014 to 2016, he was the Chairman of the governmental committee on Swedish entrepreneurship policies, initiated by the Finance Minister of Sweden. Magnus Henrekson is a professor of Economics and a senior research fellow at the Research Institute of Industrial Economics (IFN) in Stockholm,Sweden. He was the president of IFN from 2005 until 2020. Until 2009, he held the Jacob Wallenberg Research Chair in the Department of Economics at the Stockholm School of Economics. Since the late 1990s, his primary research focus has been entrepreneurship economics and the institutional determinants of the business climate. He has published extensively in peer-reviewed journals, international collective volumes, more than 25 books, 14 edited volumes, and several essays commissioned by the Swedish government.

Inhaltsangabe

1 Introduction.- 1.1 Background.- 1.2 Industrial Organization and the Role of SMEs.- 1.3 Purpose, Methodology and Limitations.- 1.4 Theoretical Background.- 1.5 Internationalization.- 1.6 Organization of the Book.- 2 The Size Distribution of Firms: Some Stylized Facts.- 2.1 Introduction.- 2.2 The Shift Toward SME-Production in Industrialized Countries.- 2.3 Evidence after 1980 on the Size Distribution of Firms in Industrialized Countries.- 2.4 Internationalization, Knowledge and Specialization; Evidence from a Sample of Swedish Firms.- 2.5 Concluding Remarks.- 3 Does Knowledge Investment Increase Profitability? Empirical Evidence from Swedish Firms in the Engineering Industry.- 3.1 Introduction.- 3.2 Knowledge Capital.- 3.3 Model, Data and Hypotheses.- 3.4 Econometric Specifications and Results.- 3.5 Concluding Remarks.- 4 How is Knowledge Capital Related to Firm Size and Internationalization?.- 4.1 Introduction.- 4.2 Data and Hypotheses.- 4.3 Results.- 4.4 Concluding Remarks.- 5 Clusters, Venture Capital and Growth.- 5.1 Introduction.- 5.2 Industrial Dynamics in Sweden and the United States: A Concise Background.- 5.3 Venture Capital Firms and "Business Angels".- 5.4 Concluding Remarks.- 6 The Influence of Agglomeration on Large Firms' Investments- Evidence from Swedish Foreign Direct Investment.- 6.1 Introduction.- 6.2 Foreign Direct Investment and Agglomeration Patterns.- 6.3 The Database and Sample Selection.- 6.4 Hypotheses for Empirical Testing.- 6.5 Results of the Estimations.- 6.6 Concluding Remarks.- 7 Conclusion.- 7.1 Introduction.- 7.2 Policy Implications and Future Research.