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.

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.

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.

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.

Download or read book Do Knowledge Externalities Lead to Growth in Economic Complexity Empirical Evidence from Colombia written by Navroop K. Sahdev and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in a complex economic system where externalities play a key role in fostering growth in complexity through increasing interdependence of interacting agents. This study tests this hypothesis for the case of Colombia. We ask whether knowledge externalities lead to growth in economic complexity. If yes, which variety of knowledge externalities - Marshall-Arrow-Romer (MAR), Porter or Jacobs? Results from our empirical investigation uphold the MAR theories of externalities or intra-industrial externalities, which are maximized with high local specialization and local monopoly. A pattern of convergence in economic complexity of Colombian municipalities emerges from our results, supporting Schumpeterian growth theories, which advocate that knowledge externalities drive convergence. This is in line with the recent macroeconomic trends of the Colombian economy, which is suffering from “Dutch disease” leading to a contraction in its domestic economy. We show that knowledge externalities are a mechanism through which convergence dynamics are brought about and fostered in the domestic economy.

Download or read book Understanding the Dynamics of a Knowledge Economy written by Wilfred Dolfsma and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . the topical way in which the subject is discussed makes this book useful also for policymakers or entrepreneurs interested in the subject. It is also appropriate for Masters or Ph.D. students who have a basic background in economics and management. . . [the book] provides interesting and deep analysis of the dynamic of knowledge economy and it is very well written. Francesca Masciarelli, Journal of Management and Governance The knowledge economy is a concept commonly deemed too ambiguous and elusive to hold any significance in current economic debate. This valuable book seeks to refute that myth. Presenting an important collection of views, from a number of leading scholars, this innovative volume visibly demonstrates that knowledge and information are a prime resource in driving the dynamics of an economy. It is argued that in order to understand the knowledge economy a diverse set of insights and approaches are required, which shed new and striking light on the roots of present-day economic dynamics. Using both theoretical and empirical material, this interdisciplinary collection offers a range of micro and macro perspectives. It draws on a variety of scientific backgrounds, and uses and develops a number of different methodologies, some of which may not be familiar in mainstream economics. The approaches adopted by historians, economists, systems theorists, management scholars and geographers which are explored in this book are central to encouraging a new and practical way forward in reading the dynamics of the knowledge economy. In offering these key insights, this important volume makes an invaluable contribution to the lively debate surrounding the knowledge economy. An essential read for economists, this book will also find widespread appeal amongst scholars of management, cultural studies and geography.

Download or read book Externalities and Dynamics in Models of learning Or Doing written by Christophe Chamley and published by . This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pecuniary Knowledge Externalities written by Cristiano Antonelli and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The new understanding of the characteristics of knowledge indivisibility and knowledge appropriability makes it possible to appreciate the key role pecuniary externalities play both in the generation and in the exploitation of technological knowledge. Pecuniary externalities affect access to external knowledge and its localized appropriation, by the intensive use of idiosyncratic factors and the introduction of biased technological change. Their combined effect shapes the convergence of the directed features of the knowledge generated at the firm level and explains the path-dependent emergence of local and technological innovation systems and the dynamics of innovation cascades.

Download or read book Research and Technological Innovation written by Alberto Quadrio Curzio and published by Springer Science & Business Media. This book was released on 2005-12-27 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Contains some essays of two international conferences both organized by Fondazione Edison ;... "Districts, pillars, network facilities" [and] "New science, new industry-the challenges for new Europe".

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 283 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.

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. -

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.

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 221 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.

Download or read book Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on with total page 304 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.

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.

Download or read book Pecuniary Knowledge Externalities Across European Countries written by Agnieszka Gehringer and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Dynamics of Knowledge written by David Rich and published by Praeger. This book was released on 1988-08-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As scientific discoveries and technological advances continue to modify our perceptions of reality at an unprecedented rate, the traditional frameworks for understanding and organizing our experience of truth and Knowledge have become less and less adequate. David Rich comes to grips with this problem in his innovative study, which shows how both knowledge and truth are conditioned by experience and explores the dynamics of creativity that generate knowledge.