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Pecuniary knowledge externalities: the convergence of directed technological change and the emergence of innovation systems

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  • Cristiano Antonelli

Abstract

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. Copyright 2008 , Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/icc/dtn029
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Bibliographic Info

Article provided by Oxford University Press in its journal Industrial and Corporate Change.

Volume (Year): 17 (2008)
Issue (Month): 5 (October)
Pages: 1049-1070

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Handle: RePEc:oup:indcch:v:17:y:2008:i:5:p:1049-1070

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Cited by:
  1. Agnieszka Gehringer, 2011. "Pecuniary Knowledge Externalities across European Countries—Are there Leading Sectors?," Industry and Innovation, Taylor & Francis Journals, vol. 18(4), pages 415-436.
  2. Antonelli,Cristiano & Gehringer,Agnieszka, 2012. "Knowledge externalities and demand pull: The European evidence," 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 201214, University of Turin.
  3. Cristiano Antonelli, 2007. "Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability," Papers on Economics and Evolution 2007-09, Max Planck Institute of Economics, Evolutionary Economics Group.
  4. Christophe CARRINCAZEAUX (GREThA, CNRS, UMR 5113) & Frédéric GASCHET (GREThA, CNRS, UMR 5113), 2012. "Knowledge and diversity of innovation systems: a comparative analysis of European regions," Cahiers du GREThA 2012-06, Groupe de Recherche en Economie Théorique et Appliquée.
  5. Leonhard Dobusch & Elke Schü�ler, 2013. "Theorizing path dependence: a review of positive feedback mechanisms in technology markets, regional clusters, and organizations," Industrial and Corporate Change, Oxford University Press, vol. 22(3), pages 617-647, June.
  6. Gehringer, Agnieszka, 2010. "Pecuniary knowledge externalities and innovation: Intersectoral linkages and their effects beyond technological spillovers," Center for European, Governance and Economic Development Research Discussion Papers 100, University of Goettingen, Department of Economics.
  7. Peng, Ling & Hong, Yongmiao, 2013. "Productivity spillovers among linked sectors," China Economic Review, Elsevier, vol. 25(C), pages 44-61.
  8. Gehringer, Agnieszka, 2010. "Pecuniary knowledge externalities in a new taxonomy: Knowledge interactions in a vertically integrated system," Center for European, Governance and Economic Development Research Discussion Papers 102, University of Goettingen, Department of Economics.

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