- مبلغ: ۸۶,۰۰۰ تومان
- مبلغ: ۹۱,۰۰۰ تومان
Purpose – The purpose of this paper is to tie together the insights from the body of research relating to economic complexity theory, structural holes, non-price based competition, and knowledge management. The insights relating to generating national prosperity are synthesised through an intellectual capital lens. Design/methodology/approach – The paper uses literature review combined with insights from an Australian project on state-based economic complexity. Findings – The connectivist and autopoietic epistemological paradigms are found to be most aligned with the need to manage transformation between organisational and human resources that will achieve causal ambiguity and hence inimitability. This inimitability forms the basis for achieving non-price based competition and if there is a rich network of economic agents that, both individually and collectively through collaboration, have these characteristics a large share of the economy can operate on the basis of non-priced based competition. If all these agents have an export focus the economic complexity of the economy will be high, and likely increasing, which will enable both the creation and the appropriation of large amounts of value and hence result in increasing national prosperity. Research limitations/implications – Findings are only relevant for OECD countries given the origins of the data used. Practical implications – Managerial implications are outlined as are major implications for public policy. Originality/value – This is the first time that these concepts are linked.
The key insights from the discussion in this paper are that:
(1) Continuous maximisation of national prosperity is a critical objective as a means of achieving other societally desirable outcomes.
(2) National prosperity can be increased if the economic complexity of the nation is increased.
(3) Economic complexity is increased if:
• Increasing number of firms through innovation manages to achieve a position of non-price based competition.
• Policy measures are put in place that facilitates and encourages development of firms in, new to the economy, areas that have, in economic complexity terms, a close proximity to existing activity areas and that have, as areas, an economic complexity that is higher than the average economic complexity of the nation.
• Policy measures are put in place to bridge structural holes in existing networks, enlarging of these existing networks, establishment of new networks, and increasing collaborative propensity. This since the increase in economic complexity is facilitated by the existence of large networks of agents with strong mutual connections allowing for achieving scale benefits, speed benefits, complementarity benefits, and knowledge sharing benefits.