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Knowledge complementary and fungeability: implications for regional strategy

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Author Info
Antonelli Cristiano () (University of Turin)

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Abstract

Complexity and fungeability afe two specific aspects of knowledge indivisibility. Complexity matters when the production of new knowledge requires the combination of diverse and yet complementary bits of knowledge. Fungeability is found when some units of knowledge can apply in a variety of different contexts, different produets and different processes. Both knowledge complexity and knowledge fungeability are the cause of increasing returos in the generation of knowledge. The govemance of the distribution of knowledge instead is affected by decreasing returns to the variety of elements of knowledge. Exchanges in the markets for knowledge are limited by transaction costs. Intenalization of different bits of knowledge is constrained by coordination costs. Firms can take advantage of knowledge complexity and fungeability by means of networking in regional space.

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Paper provided by University of Turin in its series Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series with number 200302.

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Length: 21 pages
Date of creation: Feb 2003
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Handle: RePEc:uto:labeco:200302

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Antonelli Cristiano, 2003. "Localized technological change," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200305, University of Turin. [Downloadable!]
  2. Antonelli Cristiano, 2005. "The governance of localized knowledge: An information economics approach for the economics of knowledge," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200502, University of Turin. [Downloadable!]
  3. Antonelli Cristiano, 2004. "To use or to sell technological knowledge," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200405, University of Turin. [Downloadable!]
  4. Ayten Aysen Kaya, 2006. "Regional Specialization And Location Of Industrial Activity In Turkey," Working Papers 0606, Ege University, Department of Economics. [Downloadable!]
  5. Saarivirta, Toni & Consoli, Davide, 2007. "Where Did They Go? A Study on Newly Established Universities and Graduate Mobility in Finland," MPRA Paper 11377, University Library of Munich, Germany. [Downloadable!]
  6. Antonelli Cristiano, 2003. "The governance of technological knowledge: strategies, processes and public policies," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200306, University of Turin. [Downloadable!]
  7. Pekka Sääskilahti, 2006. "STRATEGIC R&D AND NETWORK COMPATIBILITY †," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 15(8), pages 711-733, November. [Downloadable!] (restricted)
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