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The Dynamics Of Knowledge Externalities
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Book Synopsis The Dynamics of Knowledge Externalities by : Cristiano Antonelli
Download or read book The Dynamics of Knowledge Externalities written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book elaborates a new path dependent and localized growth theory based upon knowledge externalities by making two important contributions. Firstly, it elaborates the hypothesis that total factor productivity growth stems from pecuniary knowledge externalities that consist in the access to localized external knowledge, at costs that are below equilibrium levels. Secondly, it implements the economic analysis of complex dynamic systems with a novel approach to understanding the role of knowledge interactions and knowledge governance mechanisms in the generation of new technological knowledge within economic systems characterized by webs of interdependence.
Book Synopsis The Economics of Knowledge Generation and Distribution by : Pier Paolo Patrucco
Download or read book The Economics of Knowledge Generation and Distribution written by Pier Paolo Patrucco and published by Routledge. This book was released on 2014-09-25 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary capitalistic systems have been undergoing profound transformations determined by the transition towards the so-called knowledge based economy, i.e. a competitive system based on the capabilities firms have to create, use and circulate knowledge. These transformations concern both the characteristics of productive and innovative processes, and the resources used in these activities. This book captures these changes, where traditional R&D investments undertaken internally by firms are increasingly and strategically complemented by external sources of innovation and new knowledge. Collaborations between firms, and between firms and other organizations, as well as the mobility of human capital, are strategic processes in order to share and circulate knowledge and competencies. They are also key determinants in the creation of new knowledge and innovation, and ultimately in growth dynamics. The circulation and distribution of knowledge is now a key input in the production of knowledge. Knowledge and innovation are understood as the result of collective and interactive processes at the system level, and less at the micro level. In other words, new knowledge production is less and less the result of individualistic behaviours of the firms and much more the effect of explicit and pro-active interactions and transactions put in place by local networks of innovators. In this perspective, economic space is much more defined by the quality of the interactions among actors rather than by their mere technological, sectoral or geographical proximity. This book brings together new conceptual and empirical contributions and blends the analysis of the technological and geographical spaces in which innovation and knowledge are produced.
Book Synopsis The Dynamics of Knowledge Externalities by : Cristiano Antonelli
Download or read book The Dynamics of Knowledge Externalities written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book elaborates a new path dependent and localized growth theory based upon knowledge externalities by making two important contributions. Firstly, it elaborates the hypothesis that total factor productivity growth stems from pecuniary knowledge externalities that consist in the access to localized external knowledge, at costs that are below equilibrium levels. Secondly, it implements the economic analysis of complex dynamic systems with a novel approach to understanding the role of knowledge interactions and knowledge governance mechanisms in the generation of new technological knowledge within economic systems characterized by webs of interdependence.
Book Synopsis Knowledge Externalities, Innovation Clusters and Regional Development by : Jordi Suriñach
Download or read book Knowledge Externalities, Innovation Clusters and Regional Development written by Jordi Suriñach and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book begins with a theoretical examination of regional innovation systems, agglomeration economics and knowledge spillovers, before going on to examine the same concepts within an empirical framework. Special emphasis is given to the importance of proximity in the formation of regional innovation systems. It concludes by considering innovation and human capital as determinants of regional economic growth. The concept of knowledge spillovers is used within the book to explain a number of major economic phenomena, including the geographical clustering of inventions; the social returns to R&D that significantly exceed private returns; and the sizeable disproportions that exist between firms in terms of their R&D inputs and outputs. The contributors identify that small firms are responsible for far more product innovations than large firms relative to their measurable knowledge resources. The book also stresses the importance of a catch-up mechanism that sees technological improvement as the combination of two distinct types of activity: innovation and imitation. In this way, the impact of human capital and other types of knowledge acquisition on economic growth is measured. The conclusions of the contributors are invaluably oriented to policy implications. This book will appeal to researchers and postgraduate students of regional science and innovation and knowledge, as well as policymakers.
Book Synopsis Research and Technological Innovation by : Marco Fortis
Download or read book Research and Technological Innovation written by Marco Fortis and published by Springer Science & Business Media. This book was released on 2005-08-19 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explain the importance of scientific research and technological innovation for industrial countries and in particular for the EU, in order to improve or to maintain economic leadership, is the central idea of this volume. It starts with a historical and theoretical perspective on scientific-technological innovation and its importance for industrial growth. Then it analyzes EU policy framework and strategies for R&D and it presents several national success stories both from EU and non-EU countries to confirm the theoretical perspective.
Book Synopsis Routledge Handbook of the Economics of Knowledge by : Cristiano Antonelli
Download or read book Routledge Handbook of the Economics of Knowledge written by Cristiano Antonelli and published by Routledge. This book was released on 2014-12-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of the Economics of Knowledge provides a comprehensive framework to integrate the advancements over the last 20 years in the analysis of technological knowledge as an economic good, and in the static and dynamic characteristics of its generation process. There is a growing consensus in the field of economics that knowledge, technological knowledge in particular, is one of the most relevant resources of wealth, yet it is one of the most difficult and complex activities to understand or even to conceptualize. The economics of knowledge is an emerging field that explores the generation, exploitation, and dissemination of technological knowledge. Technological knowledge cannot any longer be regarded as a homogenous good that stems from standardized generation processes. Quite the opposite, technological knowledge appears more and more to be a basket of heterogeneous items, resources, and even experiences. All of these sources, which are both internal and external to the firm, are complementary, as is the interplay between a bottom-up and top-down generation processes. In this context, the interactions between the public research system, private research laboratories, and various networks of learning processes, within and among firms, play a major role in the creation of technological knowledge. In this Handbook special attention is given to the relationship among technological knowledge and both upstream scientific knowledge and related downstream resources. By addressing the antecedents and consequences of technological knowledge from both an upstream and downstream perspective, this Handbook will become an indispensable tool for scholars and practitioners aiming to master the generation and the use of technological knowledge.
Book Synopsis Technology and Markets for Knowledge by : Bernard Guilhon
Download or read book Technology and Markets for Knowledge written by Bernard Guilhon and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unique set of empirical and theoretical analyses on the conditions, determinants and effects of the exchange and trade of technological knowledge. This work delivered by the research team lead by Bernard Guilhon shows that technological knowledge is more and more traded and exchanged in the market place. When and where contractual interactions are implemented by an institutional set-up which makes_the exchange better reliable for both parties. The new evidence provided by the book moreover makes it possible to appreciate the positive role of major knowledge rent externalities provided by the new quasi-markets for technological knowledge. Trade in technological knowledge leads in fact, as the book shows, to higher levels of division of labor, specialization and efficiency in the production and distribution of new technological knowledge. This dynamics is considered a part of a broader process where the generation of technological knowledge is itself becoming closer to the production of goods so that the division of labour among learning organization plays a growing role. Exchange of technological knowledge takes part because the conditions for appropriability are now far better that currently assumed by a large traditional literature. The analysis carried out through the book builds upon the notion of localized technological knowledge and suggests that the exchange of technological knowledge is not a spontaneous 'atmospheric' process.
Book Synopsis The Economics of Localized Technological Change and Industrial Dynamics by : Cristiano Antonelli
Download or read book The Economics of Localized Technological Change and Industrial Dynamics written by Cristiano Antonelli and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of localized technological change is emerging at the crossroads of different approaches to the economics of innovation and new technologies. The term `localized technological change' refers to the introduction of technological changes which make possible an increase in total factor productivity within only a limited range of techniques defined by the levels of factor intensity. This contrasts with `generalized technological change', which is defined as the global shift of all the techniques represented on the map of isoquants of the neoclassical tradition. The Economics of Localized Technological Change elaborates the notion of localized technology with respect to firms, factor substitution, sectors, regions and techniques. It also assesses the implications for industrial policy, technology and innovation policy. The book will be of interest to corporate policy makers, scholars of industrial organization and economics of innovation as well as business school students.
Book Synopsis The Knowledge Growth Regime by : Cristiano Antonelli
Download or read book The Knowledge Growth Regime written by Cristiano Antonelli and published by Springer. This book was released on 2019-03-16 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘This important new book provides a penetrating, novel analysis of the key role played by knowledge when viewed through the lens of Schumpeterian economics. It is loaded with important insights that highlight the primacy of knowledge and innovation to unleash economic growth.’ —David B. Audretsch, Indiana University Bloomington, USA This book combines the tools elaborated by the economics of knowledge and the legacy of Joseph Schumpeter to explore the emergence of the new knowledge economy and the shift away from the manufacturing industries. Antonelli analyzes the characteristics of the innovation process as a creative response based upon the accumulation, generation and exploitation of knowledge. He highlights the new structure of advanced economies, where knowledge is at the same time the prime input and output. With special attention to the limits of the new knowledge growth regime, raised by the role of finance, income distribution and intellectual property rights, this Palgrave Pivot recommends appropriate economic policies based upon an Open Technology approach.
Book Synopsis Spatial Knowledge Spillovers and the Dynamics of Agglomeration and Regional Growth by : Max C. Keilbach
Download or read book Spatial Knowledge Spillovers and the Dynamics of Agglomeration and Regional Growth written by Max C. Keilbach and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: and Feldman, 1996 or Audretsch and Stephan, 1996) show that unformalized knowledge may playa major role in the innovation of new products. Now if unformalized knowledge is communicated personally, distance will be an important variable in this process, since the intensity of contacts between persons can be expected to be negatively correlated to the distance between them. In the discussion of section 3.3.1 (page 42) we saw that it was this aspect of localization that Marshall had in mind when he was alluding to "local trade secrets".4 Note that if this spatial dimension of communication between agents exists, it is possible to transfer it to regional aggregates of agents: the closer two regions, the more they will be able to profit from the respective pool of human capital (R&D-output etc.) of the other region. This argument gives a spatial 5 interpretation of the literature on endogenous growth. Now if these spillovers have a spatial dimension then it follows from the discussion in chapter 3 that they will be one driving force in the dynamics of agglomeration. With the model to be developed in this chapter I will investigate the hy pothesis that it is these forces of agglomeration (i.e. spatial spillovers of nonrival goods or foctors) that are responsible for the inhomogeneous pattern of growth con vergence. To analyze this phenomenon, I consider different types of regional aggregates and different distances in the model.
Book Synopsis Endogenous Innovation by : Cristiano Antonelli
Download or read book Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2017 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.
Book Synopsis Handbook on the Economic Complexity of Technological Change by : Cristiano Antonelli
Download or read book Handbook on the Economic Complexity of Technological Change written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive and innovative Handbook applies the tools of the economics of complexity to analyse the causes and effects of technological and structural change. It grafts the intuitions of the economics of complexity into the tradition of analysis based upon the Schumpeterian and Marshallian legacies. The Handbook elaborates the notion of innovation as an emerging property of the organized complexity of an economic system, and provides the basic tools to understand the recursive dynamics between the emergence of innovation and the unfolding of organized complexity. In so doing, it highlights the role of organizational thinking in explaining the introduction of innovations and the dynamics of structural change. With a new methodological approach to the economics of technological change, this wide-ranging volume will become the standard reference for postgraduates, academics and practitioners in the fields of evolutionary economics, complexity economics and the economics of innovation.
Download or read book Innovation Commons written by Jason Potts and published by Oxford University Press, USA. This book was released on 2019 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries. The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics.
Book Synopsis The Emergence of the Knowledge Economy by : Zoltan J. Acs
Download or read book The Emergence of the Knowledge Economy written by Zoltan J. Acs and published by Springer Science & Business Media. This book was released on 2013-03-20 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Knowledge has in recent years become a key driver for growth of regions and nations. This volume empirically investigates the emergence of the knowledge economy in the late 20th century from a regional point of view. It first deals with the theoretical background for understanding the knowledge economy, with knowledge spillovers and development externalities. It then examines aspects of the relationship between knowledge inputs and innovative outputs in the information, computer and telecommunications sector (ICT) of the economy at the regional level. Case studies focusing on a wide variety of sectors, countries and regions finally illustrate important regional innovation issues.
Book Synopsis High-Technology Development in Regional Economic Growth by : Byung-Rok Choi
Download or read book High-Technology Development in Regional Economic Growth written by Byung-Rok Choi and published by Routledge. This book was released on 2019-06-04 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Korea has had considerable success in developing its high technology industries and these have become significant employers in this region. By analysing the situation in Korea, this book explores the effects of dynamic externalities on the growth of regional employment in the high-technology industries. It puts forward innovative simultaneous equation models to test three sets of hypotheses related to so-called 'Jacobs', and 'MAR' effects, differentiated by firm size, organizational type and product. Clear evidence is found for endogenous technological progress marked by positive feedback, especially for small firms in diversified high-technology enclaves. There are technological externalities associated with knowledge spillovers, and local employment has indirect effects on employment growth via dynamic externalities. The implications for local economic development policy are outlined in a concluding section. -
Book Synopsis The Evolutionary Complexity of Endogenous Innovation by : Cristiano Antonelli
Download or read book The Evolutionary Complexity of Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2018 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This book elaborates and applies the theoretical framework established in the author’s previous work Endogenous Innovation: The Economics of an Emergent System Property. This volume carefully explores the role of the reactivity of firms to out-of-equilibrium conditions. It also examines the quality of knowledge governance mechanisms in assessing the levels of externalities that define the likelihood of creative responses, as an alternative to adaptive responses.
Book Synopsis Regional Development in the Knowledge Economy by : Philip Cooke
Download or read book Regional Development in the Knowledge Economy written by Philip Cooke and published by Routledge. This book was released on 2006-09-27 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: International contributors provide the first examination of the growing subject of regional knowledge-economy development. Illustrated by data and 'stylized' accounts, the international contributors chart the evolution of knowledge economies, questioning the way in which they work and criticize accepted theories and inform how places can cope in the knowledge economy. Based in concept on Cooke's Knowledge Economies (Routledge, 2002), Regional Development in the Knowledge Economy is a well-grounded work exploring this increasingly important theme with relevance to innovation systems and related economic development literature.
