IDEAS home Printed from https://ideas.repec.org/a/kap/jtecht/v47y2022i2d10.1007_s10961-021-09863-4.html
   My bibliography  Save this article

Knowledge properties and the creative response in the global economy: European evidence for the years 1990–2016

Author

Listed:
  • Cristiano Antonelli

    (Collegio Carlo Alberto)

  • Christophe Feder

    (Collegio Carlo Alberto)

Abstract

Globalization and the new understanding of the properties of knowledge, with particular attention to the limits of its appropriability, exhaustibility, transferability, and its accumulation as a result of its recombinant generation, support the revival of the Schumpeterian intuition of innovation as a creative response and its blending with the Lamarckian legacy. Globalization spawns radical changes in product and factor markets that stir a response based on innovations that is actually creative and able to contribute to the increase of productivity when the access to and use of existing knowledge stocks takes place at below equilibrium costs. A three-equations recursive system for 14 European countries from 1990 to 2016 confirms that the level of openness to international trade promotes innovative efforts that, together with knowledge costs and capital intensity, improve labor productivity growth.

Suggested Citation

  • Cristiano Antonelli & Christophe Feder, 2022. "Knowledge properties and the creative response in the global economy: European evidence for the years 1990–2016," The Journal of Technology Transfer, Springer, vol. 47(2), pages 459-475, April.
    • Handle: RePEc:kap:jtecht:v:47:y:2022:i:2:d:10.1007_s10961-021-09863-4
    DOI: 10.1007/s10961-021-09863-4
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10961-021-09863-4
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10961-021-09863-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Montserrat Manzaneque & Alfonso A. Rojo-Ramírez & Julio Diéguez-Soto & Maria J. Martínez-Romero, 2020. "How negative aspiration performance gaps affect innovation efficiency," Small Business Economics, Springer, vol. 54(1), pages 209-233, January.
    2. Howard Aldrich & Geoffrey Hodgson & David Hull & Thorbjørn Knudsen & Joel Mokyr & Viktor Vanberg, 2008. "In defence of generalized Darwinism," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 577-596, October.
    3. Cristiano Antonelli, 2018. "Knowledge exhaustibility and Schumpeterian growth," The Journal of Technology Transfer, Springer, vol. 43(3), pages 779-791, June.
    4. Antonelli, Cristiano, 2008. "Pecuniary Externalities: the Convergence of Directed Technological Change and the Emergence of Innovation Systems," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200807, University of Turin.
    5. Michele Kremen Bolton, 1993. "Organizational Innovation and Substandard Performance: When is Necessity the Mother of Innovation?," Organization Science, INFORMS, vol. 4(1), pages 57-75, February.
    6. repec:fth:harver:1473 is not listed on IDEAS
    7. Bronwyn H. Hall, 2010. "Measuring the Returns to R&D: The Depreciation Problem," NBER Chapters, in: Contributions in Memory of Zvi Griliches, pages 341-381, National Bureau of Economic Research, Inc.
    8. Alfred Kleinknecht & Kees Van Montfort & Erik Brouwer, 2002. "The Non-Trivial Choice between Innovation Indicators," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(2), pages 109-121.
    9. Venturini, Francesco, 2012. "Looking into the black box of Schumpeterian growth theories: An empirical assessment of R&D races," European Economic Review, Elsevier, vol. 56(8), pages 1530-1545.
    10. Ugur, Mehmet & Trushin, Eshref & Solomon, Edna & Guidi, Francesco, 2016. "R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis," Research Policy, Elsevier, vol. 45(10), pages 2069-2086.
    11. Bruno Crepon & Emmanuel Duguet & Jacques Mairesse, 1998. "Research, Innovation And Productivity: An Econometric Analysis At The Firm Level," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 7(2), pages 115-158.
    12. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45, National Bureau of Economic Research, Inc.
    13. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    14. Rodrik, Dani, 2012. "The Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist," OUP Catalogue, Oxford University Press, number 9780199652525.
    15. Philippe Aghion & Xavier Jaravel, 2015. "Knowledge Spillovers, Innovation and Growth," Economic Journal, Royal Economic Society, vol. 0(583), pages 533-573, March.
    16. Cristiano Antonelli, 2017. "Endogenous innovation: the creative response," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(8), pages 689-718, November.
    17. Félix-Fernando Muñoz & María-Isabel Encinar, 2015. "Intentionality and the Emergence of Complexity: An Analytical Approach," Economic Complexity and Evolution, in: Andreas Pyka & John Foster (ed.), The Evolution of Economic and Innovation Systems, edition 127, pages 171-190, Springer.
    18. Lennart Erixon, 2016. "Is firm renewal stimulated by negative shocks? The status of negative driving forces in Schumpeterian and Darwinian economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(1), pages 93-121.
    19. Cristiano Antonelli, 2018. "The Evolutionary Complexity of Endogenous Innovation," Books, Edward Elgar Publishing, number 18031.
    20. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    21. Jacques Mairesse & Stéphane Robin, 2017. "Assessing measurement errors in the CDM research–innovation–productivity relationships," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(1-2), pages 93-107, February.
    22. Crepon, B. & Duguet, E. & Mairesse, J., 1998. "Research Investment, Innovation and Productivity: An Econometric Analysis at the Firm Level," Papiers d'Economie Mathématique et Applications 98.15, Université Panthéon-Sorbonne (Paris 1).
    23. Massenot, Baptiste & Pettinicchi, Yuri, 2018. "Can firms see into the future? Survey evidence from Germany," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 66-79.
    24. Schumpeter, Joseph A., 1947. "The Creative Response in Economic History," The Journal of Economic History, Cambridge University Press, vol. 7(2), pages 149-159, November.
    25. Massenot, Baptiste & Pettinicchi, Yuri, 2019. "Can households see into the future? Survey evidence from the Netherlands," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 77-90.
    26. Esther Wit-de Vries & Wilfred A. Dolfsma & Henny J. Windt & M. P. Gerkema, 2019. "Knowledge transfer in university–industry research partnerships: a review," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1236-1255, August.
    27. Cristiano Antonelli & Christophe Feder, 2021. "Knowledge appropriability and directed technological change: the Schumpeterian creative response in global markets," The Journal of Technology Transfer, Springer, vol. 46(3), pages 686-700, June.
    28. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    29. Brouwer, Erik & Kleinknecht, Alfred, 1999. "Innovative output, and a firm's propensity to patent.: An exploration of CIS micro data," Research Policy, Elsevier, vol. 28(6), pages 615-624, August.
    30. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343, National Bureau of Economic Research, Inc.
    31. Cristiano Antonelli, 2008. "Pecuniary knowledge externalities: the convergence of directed technological change and the emergence of innovation systems," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(5), pages 1049-1070, October.
    32. repec:adr:anecst:y:2005:i:79-80:p:14 is not listed on IDEAS
    33. Cristiano Antonelli, 2019. "Knowledge as an economic good: Exhaustibility versus appropriability?," The Journal of Technology Transfer, Springer, vol. 44(3), pages 647-658, June.
    34. de Rassenfosse, Gaétan & Jaffe, Adam B., 2018. "Econometric evidence on the depreciation of innovations," European Economic Review, Elsevier, vol. 101(C), pages 625-642.
    35. Vecchiato, Riccardo, 2017. "Disruptive innovation, managerial cognition, and technology competition outcomes," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 116-128.
    36. Geoffrey Hodgson & Thorbjørn Knudsen, 2007. "Evolutionary Theorizing Beyond Lamarckism: a reply to Richard Nelson," Journal of Evolutionary Economics, Springer, vol. 17(3), pages 353-359, June.
    37. Geoffrey Hodgson & Thorbjørn Knudsen, 2006. "Dismantling Lamarckism: why descriptions of socio-economic evolution as Lamarckian are misleading," Journal of Evolutionary Economics, Springer, vol. 16(4), pages 343-366, October.
    38. Arrow, Kenneth J, 1969. "Classificatory Notes on the Production and Transmission of Technological Knowledge," American Economic Review, American Economic Association, vol. 59(2), pages 29-35, May.
    39. Elvira Cerver-Romero & João J. Ferreira & Cristina Fernandes, 2020. "A scientometric analysis of knowledge spillover research," The Journal of Technology Transfer, Springer, vol. 45(3), pages 780-805, June.
    40. M. V. Posner, 1961. "International Trade And Technical Change," Oxford Economic Papers, Oxford University Press, vol. 13(3), pages 323-341.
    41. Philippe Aghion & Peter Howitt, 1997. "Endogenous Growth Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011662, December.
    42. Ad Notten & Jacques Mairesse & Bart Verspagen, 2017. "The CDM framework: knowledge recombination from an evolutionary viewpoint," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(1-2), pages 21-41, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Novaresio, Anna & Patrucco, Pier Paolo, 2023. "Innovation and trade in the automotive industry: evidence from European countries (1990-2018)," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202306, University of Turin.
    2. Cristiano Antonelli & Christophe Feder, 2023. "The foundations of Schumpeterian dynamics: The European evidence," Journal of Evolutionary Economics, Springer, vol. 33(1), pages 65-96, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristiano Antonelli & Christophe Feder, 2021. "The Schumpeterian creative response: export and innovation: evidence for OECD countries 1995–2015," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 803-821, October.
    2. Cristiano Antonelli & Christophe Feder, 2023. "The foundations of Schumpeterian dynamics: The European evidence," Journal of Evolutionary Economics, Springer, vol. 33(1), pages 65-96, January.
    3. Cristiano Antonelli, 2011. "The Economic Complexity of Technological Change: Knowledge Interaction and Path Dependence," Chapters, in: Cristiano Antonelli (ed.), Handbook on the Economic Complexity of Technological Change, chapter 1, Edward Elgar Publishing.
    4. Antonelli, Cristiano & Orsatti, Gianluca & Pialli, Guido, 2023. "Out of Equilibrium and Intangible Assets," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202323, University of Turin.
    5. Cristiano Antonelli & Federico Barbiellini Amidei, 2011. "The Dynamics of Knowledge Externalities," Books, Edward Elgar Publishing, number 13292.
    6. Mohnen, Pierre, 2019. "R&D, innovation and productivity," MERIT Working Papers 2019-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Antonelli, Cristiano, 2017. "Digital knowledge generation and the appropriability trade-off," Telecommunications Policy, Elsevier, vol. 41(10), pages 991-1002.
    8. Cristiano Antonelli & Alessandra Colombelli, 2018. "The cost of knowledge," Chapters, in: The Evolutionary Complexity of Endogenous Innovation, chapter 6, pages 128-150, Edward Elgar Publishing.
    9. Antonelli, Cristiano & Colombelli, Alessandra, 2015. "The knowledge cost function," International Journal of Production Economics, Elsevier, vol. 168(C), pages 290-302.
    10. Cristiano Antonelli & Christophe Feder, 2021. "Schumpeterian loops in international trade: the evidence of the oecd countries," Journal of Evolutionary Economics, Springer, vol. 31(3), pages 799-820, July.
    11. Cristiano Antonelli & Christophe Feder, 2021. "Knowledge appropriability and directed technological change: the Schumpeterian creative response in global markets," The Journal of Technology Transfer, Springer, vol. 46(3), pages 686-700, June.
    12. Cristiano Antonelli, 2013. "Knowledge Governance," Economic Development Quarterly, , vol. 27(1), pages 62-70, February.
    13. Dziallas, Marisa & Blind, Knut, 2019. "Innovation indicators throughout the innovation process: An extensive literature analysis," Technovation, Elsevier, vol. 80, pages 3-29.
    14. Cristiano Antonelli & Gianluca Orsatti & Guido Pialli, 2023. "The knowledge-intensive direction of technological change," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(1), pages 1-27, March.
    15. Cristiano Antonelli & Gianluca Orsatti & Guido Pialli, 2023. "The effects of the limited exhaustibility of knowledge on firm size and the direction of technological change," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1359-1385, August.
    16. Bar-El, Raphael, 2023. "Reframing innovation: A case of split personality," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 111-122.
    17. Neves, Pedro Cunha & Sequeira, Tiago Neves, 2018. "Spillovers in the production of knowledge: A meta-regression analysis," Research Policy, Elsevier, vol. 47(4), pages 750-767.
    18. Antonelli, Cristiano & Amidei, Federico Barbiellini & Fassio, Claudio, 2014. "The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950–1994," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 43-63.
    19. Cristiano Antonelli, 2007. "Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability," Papers on Economics and Evolution 2007-09, Philipps University Marburg, Department of Geography.
    20. Schmiedeberg, Claudia, 2008. "Complementarities of innovation activities: An empirical analysis of the German manufacturing sector," Research Policy, Elsevier, vol. 37(9), pages 1492-1503, October.

    More about this item

    Keywords

    Globalization; Lamarckian evolution; Knowledge exhaustibility and accumulation; Pecuniary knowledge externalities; R&D; Patent cost;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jtecht:v:47:y:2022:i:2:d:10.1007_s10961-021-09863-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.