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We employ a two step estimation approach, and match two firm-level data sets for OECD countries, which allows us to relax the linearity assumption of the canonical Griliches (1979) knowledge capital model.
Based on Markusen's knowledge capital model (Markusen [2002]), one of the key determinants of vertical FDI is lower trade costs.
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In particular, the outcomes of its missions are associated with the determinants of production functions (e.g. human capital, knowledge capital, social capital, and entrepreneurship capital).
SMEs need to manage their knowledge capital to capture and retain tacit knowledge.
The Knowledge Capital of Nations Educationn and the Economics of Growth.
Knowledge Capital, Growth, and the East Asian Miracle.
And are intangible assets like brand capital and knowledge capital truly adaptable across industries?
The econometric estimations show that the improvement of the technological capabilities ("knowledge capital") by R&D triggers environmental innovations.
The output return of knowledge capital is the largest, irrespective of firm size, but in high-tech sectors only.
However, our control group composed by the rest of the country's universities, the highest economic impact is associated with knowledge transfer (knowledge capital).
In such a context, the knowledge capital of companies is increasingly crucial.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com