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The economics of innovation: from the classical legacies to the economics of complexity

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  • Cristiano Antonelli

Abstract

During the last 40 years, economics of innovation has emerged as a distinct area of enquiry at the crossing of the economics of growth, industrial organization, regional economics and the theory of the firm, becoming a well-identified area of competence in economics specializing not only in the analysis of the effects of the introduction of new technologies, but also, and mainly in understanding technological change as an endogenous process. As the result of the interpretation, elaboration and evolution of different fields of analysis in economic theory, innovation is viewed as a complex, path-dependent process characterized by the interdependence and interaction of a variety of heterogeneous agents, able to learn and react creatively with subjective and procedural rationality.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10438590802564543
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 18 (2009)
Issue (Month): 7 ()
Pages: 611-646

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Handle: RePEc:taf:ecinnt:v:18:y:2009:i:7:p:611-646

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Related research

Keywords: knowledge; innovation; technological change; diffusion; path dependence; complexity;

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Cited by:
  1. Antonelli, Cristiano, 2010. "From population thinking to organization thinking: Coalitions for innovation. A review article of Complexity perspectives in innovation and social change, by Lane, D.A., van Der Leeuw, S.E., Pumain, D," 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 201002, University of Turin.
  2. Castellacci, Fulvio, 2009. "How does competition affect the relationship between innovation and productivity? Estimation of a CDM model for Norway," MPRA Paper 27591, University Library of Munich, Germany.
  3. David Nascimento & Aurora A.C. Teixeira, 2010. "Recent trends in the economics of innovation literature through the lens of Industrial and Corporate Change," FEP Working Papers 395, Universidade do Porto, Faculdade de Economia do Porto.

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