Identification of intangible assets in knowledge‐based organizations using concept mapping techniques

This paper proposes a procedure for identifying the intangible assets that generate value to knowledge‐intensive organizations using concept mapping techniques. Concept mapping is a form of structured conceptualization that incorporates and processes the opinion of a set of experts. A double statistical treatment consisting of a multidimensional scaling analysis and a cluster analysis is applied to a set of data provided by experts to obtain the results, which are presented in the form of maps. As a case study, the social and legal departments in a Spanish university were analyzed. As a result, 60 items referring to different intangible assets of these departments were identified and grouped into 10 clusters, and they were in turn grouped in regions corresponding to the three basic components of intellectual capital: human capital, structural capital and relational capital. The evaluation of the relative importance of each of them leads to the preeminent position of the structural capital.     

Changes in Public Service Delivery in the EU Countries

In the 1990s, a number of EU countries adopted New Public Management (NPM) techniques to restructure their public sectors. Countries have been widely 'deconcentrating' (moving delivery away from the centre) and 'externalizing' (using the private sector, either totally or in part) their public services. The authors chart the extent of this change and highlight some of the problems—for example the difficulty countries are experiencing in developing value for money audits. The article questions whether current methods of delivery and audit are appropriate for 21st–century public services.     

Trade in the Triad: how easy is the access to large markets?

Abstract. In this paper, we measure market access between the United States, the EU, and Japan (the Triad), using the effect of national borders on trade patterns. We investigate overall and industry‐level trends of bilateral trade openness and provide explanations for those using proxies for bilateral observed protection (tariffs and NTBs), home bias of consumers, product differentiation, and levels of FDI. The explanations related to actual protection, home bias and substitutability of goods put together explain a large part of the border effect between blocs of the Triad, although they do not explain the whole of the border effect puzzle. JEL classification: F12, F15     

The productivity paradox and the new economy: The Spanish case

This paper studies the impact of the information and communication technologies (ICT) on economic growth in Spain using a dynamic general equilibrium approach. Contrary to previous works, we use a production function with six different capital inputs, three of them corresponding to ICT assets. Calibration of the model suggests that the contribution of ICT to Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally, over the sample period 1995–2002, we find a negative TFP growth and productivity growth. These results together aim at the hypothesis that the Spanish economy could be placed within the productivity paradox.     

Foreign Bank Entry: Experience, Implications for Developing Economies, and Agenda for Further Research

In recent years foreign banks have expanded their presence significantlyin several developing economies. In Argentina and Chile in LatinAmerica and in the Czech Republic, Hungary, and Poland in EasternEurope, foreign-controlled banks now hold more than half oftotal banking assets. In other regions the trend is similar,though foreign bank entry has been slower. Despite the growingnumber of countries embracing foreign bank entry, importantquestions are still being debated: What draws foreign banksto a country? Which banks expand abroad? What do foreign banksdo once they arrive? How do foreign banks' mode of entry andorganizational form affect their behavior? This article summarizescurrent knowledge on these issues. Because the existing literaturefocuses heavily on developed economies, it also puts forth anagenda for further study of the causes and effects of foreignbank entry in developing economies.      

METHODOLOGICAL ASPECTS IN EFFICIENCY EVALUATION OF PUBLIC HOSPITALS

The specific characteristics of the public health care sector prevent the normal working of the market and the trend toward the efficient provision of services. The present study was carried out to offer the Audit Office of the Basque Country and Navarra an objective point of reference from which to measure the efficiency of clinical services. This study consists of an evaluation of the efficient production and utilization of the resources—intermediate services—that hospitals provide to medical staff for carrying out the diagnosis and treatment of patients, together with the efficient use of these intermediate services by the aforementioned medical staff.     

Manufacturing Skill‐biased Wage Inequality,Natural Resources and Institutions

We use an extensive dataset on occupational wages to measure the manufacturing skill premium and assess, for the first time, the influence of natural resources and institutional quality—in addition to traditional drivers—for advanced and less‐advanced countries and the full sample. The new findings, regarding 21 countries between 1988 and 2008 in the main panel estimations, suggest the premium of advanced countries rises with tertiary enrollment, net foreign direct investment (FDI) and institutional quality, and falls with centralized wage negotiations and geographically diffuse natural resource activities, mainly re‐exportation related. In less‐advanced countries, the premium rises with net FDI, scale effects, centralized wage negotiations and geographically concentrated natural resource activities (absorbing scarce skilled workers), and falls with trade, diffuse natural resource exploration (using mainly unskilled workers) and high‐technology exports, as emerging national low‐end technology industrial exporters may lower skill pay compared with foreign industrial exporters. In the full sample, the premium rises with scale effects, trade, institutional quality and concentrated natural resources, and falls with the relative skilled‐labor supply, centralized wage negotiations and diffuse natural resources. The results account for a wider diversity of situations compared with the previous studies.     

Minsky’s financial fragility: an empirical analysis of electricity distribution firms in Brazil (2007–2015)

This article applies Hyman P. Minsky’s insights on financial fragility to analyze the behavior of electricity distribution firms in Brazil from 2007 to 2015. More specifically, it builds an analytical framework to classify these firms into Minskyan risk categories and assess how financial fragility evolved over time, in each firm and in the sector as a whole. This work adapts Minsky’s financial fragility indicators and taxonomy to the conditions of the electricity distribution sector and applies them to regulatory accounting data for more than 60 firms. This empirical application of Minsky’s theory for analyzing firms engaged in the provision of public goods and services is a novelty. The results show an increase in the financial fragility of those firms as well as of the sector throughout the period, especially between 2008 and 2013.     

Labor market segmentation: African American and Puerto Rican labor in New York City, 1960–1980

This study examines the determinants of wage differences between African Americans and Puerto Ricans in New York City. The empirical analysis, conducted on census data for 1960, 1970, and 1980, highlights two important patterns. Changes in returns to human capital have been more important for Puerto Ricans than for African Americans; and changes in group segmentation structure have had a positive effect for African Americans, a negative effect for Puerto Ricans. The results are suggestive of the notion that the two groups are pursuing different paths of economic mobility.