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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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  • Cristiano Antonelli, 2008. "Pecuniary knowledge externalities: the convergence of directed technological change and the emergence of innovation systems," Industrial and Corporate Change, Oxford University Press, vol. 17(5), pages 1049-1070, October.
  • Handle: RePEc:oup:indcch:v:17:y:2008:i:5:p:1049-1070
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    Cited by:

    1. Cristiano Antonelli & Federico Barbiellini Amidei, 2011. "The Dynamics of Knowledge Externalities," Books, Edward Elgar Publishing, number 13292, September.
    2. Cristiano Antonelli, 2007. "Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability," Papers on Economics and Evolution 2007-09, Philipps University Marburg, Department of Geography.
    3. Cristiano Antonelli & Pier Paolo Patrucco & Federica Rossi, 2010. "The Economics of Knowledge Interaction and the Changing Role of Universities," Chapters,in: The Handbook of Innovation and Services, chapter 7 Edward Elgar Publishing.
    4. Antonelli, Cristiano & Gehringer, Agnieszka, 2015. "Knowledge externalities and demand pull: The European evidence," Economic Systems, Elsevier, vol. 39(4), pages 608-631.
    5. Antonelli, Cristiano & David, Paul, 2015. "The Useful Application of Knowledge: An Introduction," 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 201510, University of Turin.
    6. Agnieszka Gehringer, 2011. "Pecuniary knowledge externalities and innovation: intersectoral linkages and their effects beyond technological spillovers," Economics of Innovation and New Technology, Taylor & Francis Journals, pages 495-515.
    7. 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.
    8. Cristiano Antonelli, 2010. "Pecuniary Externalities and the Localized Generation of Technological Knowledge," Chapters,in: The Handbook of Evolutionary Economic Geography, chapter 7 Edward Elgar Publishing.
    9. Peng, Ling & Hong, Yongmiao, 2013. "Productivity spillovers among linked sectors," China Economic Review, Elsevier, vol. 25(C), pages 44-61.
    10. Leonhard Dobusch & Elke Schüßler, 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.
    11. 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.
    12. repec:taf:ecinnt:v:26:y:2017:i:8:p:689-718 is not listed on IDEAS
    13. Agnieszka Gehringer, 2011. "Pecuniary Knowledge Externalities across European Countries—Are there Leading Sectors?," Industry and Innovation, Taylor & Francis Journals, pages 415-436.
    14. Proksch, Dorian & Haberstroh, Marcus Max & Pinkwart, Andreas, 2017. "Increasing the national innovative capacity: Identifying the pathways to success using a comparative method," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 256-270.
    15. repec:brc:brccej:v:2:y:2017:i:4:p:28-33 is not listed on IDEAS
    16. Antonelli, Cristiano & Colombelli, Alessandra, 2015. "The knowledge cost function," International Journal of Production Economics, Elsevier, pages 290-302.
    17. repec:got:cegedp:102 is not listed on IDEAS
    18. 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.
    19. Cristiano Antonelli, 2011. "The Economic Complexity of Technological Change: Knowledge Interaction and Path Dependence," Chapters,in: Handbook on the Economic Complexity of Technological Change, chapter 1 Edward Elgar Publishing.
    20. Gehringer, Agnieszka, 2016. "Knowledge externalities and sectoral interdependences: Evidence from an open economy perspective," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 240-249.
    21. Cristiano Antonelli, 2017. "Endogenous innovation: the creative response," Economics of Innovation and New Technology, Taylor & Francis Journals, pages 689-718.
    22. repec:got:cegedp:101 is not listed on IDEAS
    23. Cristiano Antonelli & Pier Paolo Patrucco & Francesco Quatraro, 2011. "Productivity Growth and Pecuniary Knowledge Externalities: An Empirical Analysis of Agglomeration Economies in European Regions," Economic Geography, Clark University, vol. 87(1), pages 23-50, January.
    24. Isabel Maria Bodas Freitas & Aldo Geuna & Federica Rossi, 2011. "University–Industry Interactions: The Unresolved Puzzle," Chapters,in: Handbook on the Economic Complexity of Technological Change, chapter 11 Edward Elgar Publishing.
    25. Agnieszka Gehringer, 2011. "Pecuniary Knowledge Externalities across European Countries—Are there Leading Sectors?," Industry and Innovation, Taylor & Francis Journals, pages 415-436.

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