By Brian Kahin, Dominique Foray
The revolution in info expertise transforms not just info and its makes use of yet, extra very important, wisdom and the methods we generate and deal with it. wisdom is now obvious as enter, output, and capital, no matter if imperfectly accounted for or understood. Many companies and public organizations are confident that wisdom will be controlled in refined, rational methods and that networking and knowledge expertise are crucial instruments for doing so. during this assortment, specialists from North the US and Europe examine the transformation of data within the worldwide economic climate in mild of the fast adjustments in info expertise, the ensuing explosion of information, the popularity of intangibles as assets of worth and legal responsibility, and the more and more blurred contrast among inner most and public knowledge.The allure of the net as boundary-spanning wisdom infrastructure, bridging all sectors of the financial system, is shadowed via one other infrastructure of rights-based contracts, practices, and associations. The individuals deal with the ways that the strategies for developing and organizing wisdom have interaction with details expertise, enterprise process, and altering social and financial stipulations. They speak about the balkanization that effects from the complexity of the information economic climate, the range of data assets, the nice variety of institutional and industry contexts, and competing types of keep an eye on and cooperation--and of proprietary and non-proprietary knowledge.Contributors:Berglind ?sgeirsd?ttir, Carliss Y. Baldwin, Kim B. Clark, Iain M. Cockburn, Patrick Cohendet, Robin Cowan, Paul A. David, Jan Fagerberg, Brian Fitzgerald, Dominque Foray, Peter A. Freeman, Fred Gault, Dietmar Harhoff, Margaret Hedstrom, C. Suzanne Iacono, Brian Kahin, John Leslie King, Kurt Larsen, Josh Lerner, Bengt-?ke Lundvall, David C. Mowery, Arti ok. Rai, Bhaven Sampat, Martin Schaaper, Tom Schuller, W. Edward Steinmueller, Stefan Thomke, Jean Tirole, Reinhilde Veugelers, St?phan Vincent-Lancrin, Eric von Hippel, Andrew Wyckoff
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Additional resources for Advancing Knowledge and the Knowledge Economy
They may come from the production unit, if management is aware enough to harvest them, or from the providers of ﬁnance, who wish to grow their investment. In the development of ofﬁcial statistics on innovation and the use of technologies and practices, questions are added to surveys to identify the sources of ideas for the activity, and the answers illuminate policy discussions about the purpose of government laboratories or the role of research in universities. Little happens without money, and large ﬁrms are able to fund new activities from retained earnings or through debt.
However, there is no equivalent to these internationally agreed deﬁnitions for knowledge-based industries or products nor agreement on the economic and social surveys required to collect information on their production and use. Measuring knowledge itself is more challenging, if not impossible (Foray and Gault 2003, p. 18). There is no unit of knowledge that corresponds to a currency unit in the SNA, and there is nothing comparable to the concepts of current and constant currency units that supports comparisons of the economic system over time.
Innovation environment remains weak in a number of key ‘‘input’’ indicators. U. innovation system that need to be looked at to explain its problems, to focus on the high-productivity growth areas, and to gain a higher rate of return from its knowledge investments. What Determines a Nation’s Innovation Capacity? What are these factors that determine an economy’s ‘‘national innovation capacity,’’ deﬁned as the ability of a nation not only to produce new ideas but also to commercialize a ﬂow of innovative technologies over the longer term?