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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.

Suggested Citation

  • Cristiano Antonelli, 2009. "The economics of innovation: from the classical legacies to the economics of complexity," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 611-646.
  • Handle: RePEc:taf:ecinnt:v:18:y:2009:i:7:p:611-646
    DOI: 10.1080/10438590802564543
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    Citations

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    Cited by:

    1. Cristiano Antonelli & Alessandra Colombelli, 2017. "The locus of knowledge externalities and the cost of knowledge," Regional Studies, Taylor & Francis Journals, vol. 51(8), pages 1151-1164, August.
    2. 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.
    3. Antonelli, Cristiano, 2017. "Digital Knowledge Generation and the Appropriability Trade-Off," 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 201705, University of Turin.
    4. Mafini Dosso & Fernando Hervas & Pietro Moncada-Paternò-Castello, 2015. "5th European Conference on Corporate R&D and Innovation CONCORDi 2015. Industrial Research and Innovation: Evidence for Policy – Background Note," JRC Working Papers JRC97469, Joint Research Centre (Seville site).
    5. Rai, Varun & Funkhouser, Erik, 2015. "Emerging insights on the dynamic drivers of international low-carbon technology transfer," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 350-364.
    6. repec:bla:econpa:v:36:y:2017:i:2:p:223-248 is not listed on IDEAS
    7. Fulvio Castellacci, 2011. "How does competition affect the relationship between innovation and productivity? Estimation of a CDM model for Norway," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(7), pages 637-658, August.
    8. Booyens Irma & Rogerson Christian M., 2016. "Unpacking the geography of tourism innovation in Western Cape Province, South Africa," Bulletin of Geography. Socio-economic Series, De Gruyter Open, vol. 31(31), pages 19-36, March.
    9. Antonelli, Cristiano, 2017. "Knowledge Properties and Economic Policy: A New Look," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201715, University of Turin.
    10. 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.
    11. Giovanni Bonifati, 2013. "Exaptation and emerging degeneracy in innovation processes," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(1), pages 1-21, January.
    12. Santos LÓPEZ-LEYVA & Miriam Liliana CASTILLO-ARCE & José David LEDEZMA-TORRES & Jesús Armando RÍOS-FLORES, 2014. "Economic Growth from a Theoretical Perspective of Knowledge Economy: An Empirical Analysis for Mexico," Management Dynamics in the Knowledge Economy Journal, College of Management, National University of Political Studies and Public Administration, vol. 2(5), pages 217-239, August.
    13. repec:spr:italej:v:3:y:2017:i:3:d:10.1007_s40797-017-0049-z is not listed on IDEAS
    14. 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.
    15. Lavarello, Pablo José, 2016. "Corporate knowledge diversification in the face of technological complexity: The case of industrial biotech," Structural Change and Economic Dynamics, Elsevier, vol. 38(C), pages 95-105.

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