Knowledge diffusion and knowledge transfer : two sides of the medal


Klarl, Torben


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URL: http://ub-madoc.bib.uni-mannheim.de/2618
URN: urn:nbn:de:bsz:180-madoc-26184
Document Type: Working paper
Year of publication: 2009
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C50 C51 C61 D83 ,
Subject headings (SWD): Wissen , Wissenschaftstransfer , Wirtschaftsmodell
Individual keywords (German): Network Externalities , Innovationsdiffusion
Keywords (English): Knowledge diffusion , knowledge transfer , SUR
Abstract: Understanding the way in which knowledge is technically produced and transferred, and how its diffusion path can be characterized is of fundamental importance for the performance of an economy. Although this fact seems to be plausible ex ante, the relevant literature so far has paid less attention investigating the microeconomic link between knowledge transfer and knowledge diffusion in a comprehensive approach. The aim of this paper is to highlight the link between knowledge transfer, knowledge diffusion and network effects in a stochastic environment, because the adoption decision of new knowledge should be treated as a stochastic event. For this reason, a new knowledge diffusion model in the line of Bass (1969) has been put forward, which integrates knowledge diffusion and knowledge transfer. The advantage of the proposed model is twofold. From a theoretical point of view, not only the so-called unimodal diffusion phenomena can be modelled, but also bimodal diffusion phenomena can be obtained. From an empirical point of view, the model which incorporates heteroscedastic errors and mean reverting behaviour can be theoretically estimated directly within a standard SUR context.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Klarl, Torben (2009) Knowledge diffusion and knowledge transfer : two sides of the medal. Open Access [Working paper]
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