Knowledge Enclosures, Forced Specializations and Investment Crisis
AbstractLike land before the industrial revolution, much knowledge is being enclosed in private hands. These enclosures have become a major factor in specialization among firms and among countries: both are forced to specialize in the fields that are not restricted by the enclosures of the others. This forced specialization is highly asymmetric and involves strong self-reinforcing innovation patterns: we show that it is mainly driven by the existing knowledge enclosures, and that it polarizes investment opportunities among firms and, even more so, among countries. Moreover, also the world economy as a whole suffers from this restriction of investment opportunities, which, in our view, is one of the factors contributing to the present crisis.
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 601.
Date of creation: Oct 2010
Date of revision:
IPRs; innovation; knowledge enclosure; technological specialization;
Other versions of this item:
- Filippo Belloc & Ugo Pagano, 2012. "Knowledge Enclosures, Forced Specializations and Investment Crisis," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(3), pages 445-483, December.
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-11 (All new papers)
- NEP-INO-2010-12-11 (Innovation)
- NEP-KNM-2010-12-11 (Knowledge Management & Knowledge Economy)
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- Fabio Landini & Ugo Pagano, 2013. "Synergy, Conflict and Institutional Complementarities," Department of Economics University of Siena 686, Department of Economics, University of Siena.
- Caregari, Davide, 2010.
"Diritti di proprietà intellettuale: sviluppi recenti e prospettive di riforma
[Intellectual property rights: recent developements and reform prospects]," MPRA Paper 28132, University Library of Munich, Germany.
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