Organizational capital is a sub-dimension of the intellectual capital which is the sum of all assets that make the creative ability of the organization possible. To control and manage such an important force, the companies must measure it first. This study aims at defining a methodology to improve the quality of prioritization of organizational capital measurement indicators under uncertain con...

As a concept that is rooted in many different social sciences including sociology, education, politics, economics and management, social capital encompasses a number of dimensions. Nahapiet and Ghoshal (1998) suggest that social capital has three distinct dimensions: structural, relational and cognitive. Cognitive social capital is created through communicative language, narratives and codes wh...

We build a general equilibrium model where growth is driven by two invention types: fundamental ideas that cause creative destruction, and derivative ideas that enhance the value of existing inventions. The model provides a new mapping from microeconomic, patent data to aggregate total factor productivity growth and the aggregate value of privately owned knowledge. We show how to measure the fr...

The presence of human capital has been linked to employment growth in both urban and rural areas. This article examines the relationship between small business development using multiple metrics in Alaska’s boroughs and the presence of the creative class. There is weak evidence supporting a causal link once we account for initial place specific economic conditions. Regions that are considering ...

Creative destruction due to new technologies causes both long-run growth and short-run business fluctuations. The creative part of new technologies pushes the economy on a higher productivity level while the destructive part implies partial obsolescence of old production units. Obsolescence due to each new technology induces an adjustment period during which growth rates are initially high but ...