Knowledge based capital and value creation in global supply chains

This paper investigates the role of knowledge-based capital for participation and value appropriation in global value chains (GVC) for a sample of European countries over 1995–2011. We distinguish between different forms of participation in GVC entailing a different degree of capability to create va...

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Bibliographic Details
Published in:Technological forecasting & social change 2019-11, Vol.148, p.119709, Article 119709
Main Authors: Jona-Lasinio, Cecilia, Manzocchi, Stefano, Meliciani, Valentina
Format: Article
Language:English
Subjects:
Classification
Forward and backward participation
Global value chains
Knowledge
Knowledge bases (artificial intelligence)
Knowledge-based capital
Participation
R&D
Research & development
Supply chains
Value added appropriation
Value chain
Value creation
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Summary:This paper investigates the role of knowledge-based capital for participation and value appropriation in global value chains (GVC) for a sample of European countries over 1995–2011. We distinguish between different forms of participation in GVC entailing a different degree of capability to create value added domestically and examine how different intangible assets contribute to countries' engagement and value appropriation in GVC. We find that knowledge-based capital is positively correlated with participation and value appropriation along the value chain. This finding is robust to introducing separately R&D and non-R&D intangibles. In particular, training and organizational capital have the largest positive effect on value appropriation [JEL Classification: F23, O30]. •Knowledge based capital favours participation in global value chains•Intangibles are important for both backward and forward participation•Training and organizational capital increase domestic value appropriation
ISSN:0040-1625
1873-5509
DOI:10.1016/j.techfore.2019.07.015