Soft Innovation Resources: Enabler for reversal in GDP Growth in the Digital Economy
Autor: | Chihiro Watanabe, Leena Ilmola, Pekka Neittaanmäki, Yuji Tou, Kuniko Moriya |
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Jazyk: | angličtina |
Rok vydání: | 2018 |
Předmět: |
020209 energy
media_common.quotation_subject tuottavuus 02 engineering and technology Intellectual property resurssit digital economy 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics Digital economy soft innovation resources Finland media_common ta113 Singapore ta511 05 social sciences uusi talous productivity paradox International economics structural impediments in growth innovaatiot Product (business) Capital (economics) Service (economics) Productivity paradox Position (finance) bruttokansantuote Welfare 050203 business & management |
Popis: | While Finland and Singapore have been maintaining world digital leaders position, they demonstrate interlaced contrast: high welfare with low GDP growth in Finland and higher GDP growth with lower welfare in Singapore. This provokes an uncaptured GDP postulate that Finnish wellbeing has developed more than one might conclude by GDP. However, a recent reversal in the GDP growth trend suggests the possibility that uncaptured GDP contributes to remove structural impediments in GDP growth.This paper demonstrates this hypothesis. An empirical analysis elucidating the inside the national accountings and institutional systems revealed that soft innovation resources have substituted for service capital in Finland and created uncaptured GDP which disseminated in tangible capital and removed structural impediments impeding development leading to GDP growth. In addition, this growth enables next generation intellectual property product (IPP) development. An insightful suggestion in overcoming a productivity paradox in the digital economy was thus provided. peerReviewed |
Databáze: | OpenAIRE |
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