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Pecuniary knowledge externalities and innovation: intersectoral linkages and their effects beyond technological spillovers

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  • Agnieszka Gehringer

Abstract

The aim of this paper is to discuss and to provide evidence for the existence of pecuniary knowledge externalities, considered here as the main cause of positive disequilibrium experience by downstream producers. The last effect, confirmed by the empirical analysis performed here, enriches the postulates of the model of growth through creative destruction due to P. Aghion and P. Howitt (1992, A model of growth through creative destruction, Econometrica 60, no. 2: 322-52), where only upstream producers generate innovations and downstream producers remain very much passive in front of the new technological knowledge generated externally.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10438599.2011.562357
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Bibliographic Info

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

Volume (Year): 20 (2011)
Issue (Month): 5 ()
Pages: 495-515

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Handle: RePEc:taf:ecinnt:v:20:y:2011:i:5:p:495-515

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Related research

Keywords: pecuniary knowledge externalities; endogenous growth; creative destruction; input-output;

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References

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  1. Shleifer, Andrei, 1986. "Implementation Cycles," Scholarly Articles 3451303, Harvard University Department of Economics.
  2. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934 Elsevier.
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  15. Antonelli, Cristiano & Scellato, Giuseppe, 2008. "Out of Equilibrium Profit and Innovation," 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 200804, University of Turin.
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Citations

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Cited by:
  1. Peng, Ling & Hong, Yongmiao, 2013. "Productivity spillovers among linked sectors," China Economic Review, Elsevier, vol. 25(C), pages 44-61.
  2. Antonelli Cristiano, 2013. "The economics of technological congruence," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201306, University of Turin.
  3. Cristiano Antonelli & Giuseppe Scellato, 2013. "Complexity and technological change: knowledge interactions and firm level total factor productivity," Journal of Evolutionary Economics, Springer, vol. 23(1), pages 77-96, January.
  4. Antonelli Cristiano & Gehringer Agnieszka, 2013. "Demand pull and technological flows within innovation systems: the intra-European evidence," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201303, University of Turin.
  5. 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.
  6. Antonelli, Cristiano & Barbierini Amidei, Federico & Fassio, Claudio, 2012. "The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950-1994," 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 201210, University of Turin.

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