Pecuniary knowledge externalities and innovation: intersectoral linkages and their effects beyond technological spillovers
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.
Volume (Year): 20 (2011)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/GEIN20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/GEIN20|
References listed on IDEAS
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.:
- 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.
- Ramesh Chandra & Roger Sandilands, 2006. "The role of pecuniary external economies and economies of scale in the theory of increasing returns," Review of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 193-208.
- Englmann, F C, 1994. "A Schumpeterian Model of Endogenous Innovation and Growth," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 227-41, September.
- Antonio Ciccone, 2000.
"Input chains and industrialization,"
Economics Working Papers
498, Department of Economics and Business, Universitat Pompeu Fabra.
- M. Ishaq Nadiri, 1993. "Innovations and Technological Spillovers," NBER Working Papers 4423, National Bureau of Economic Research, Inc.
- Antonelli, Cristiano, 2008. "Pecuniary Externalities: the Convergence of Directed Technological Change and the Emergence of Innovation Systems," 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 200807, University of Turin.
- Nadiri, M Ishaq, 1970. "Some Approaches to the Theory and Measurement of Total Factor Productivity: A Survey," Journal of Economic Literature, American Economic Association, vol. 8(4), pages 1137-77, December.
- Dixit, Avinash K & Stiglitz, Joseph E, 1977.
"Monopolistic Competition and Optimum Product Diversity,"
American Economic Review,
American Economic Association, vol. 67(3), pages 297-308, June.
- Dixit, Avinash K & Stiglitz, Joseph E, 1975. "Monopolistic Competition and Optimum Product Diversity," The Warwick Economics Research Paper Series (TWERPS) 64, University of Warwick, Department of Economics.
- S. J. Liebowitz & Stephen E. Margolis, 1994. "Network Externality: An Uncommon Tragedy," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 133-150, Spring.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy,
University of Chicago Press, vol. 98(5), pages S71-102, October.
- Cameron, G., 2000. "R&D and Growth at the Industry Level," Economics Papers 2000-w4, Economics Group, Nuffield College, University of Oxford.
- Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
- Shleifer, Andrei, 1986.
Journal of Political Economy,
University of Chicago Press, vol. 94(6), pages 1163-90, December.
- Ross Levine, 2004.
"Finance and Growth: Theory and Evidence,"
NBER Working Papers
10766, National Bureau of Economic Research, Inc.
- Arora, Ashish & Gambardella, Alfonso, 1990. "Complementarity and External Linkages: The Strategies of the Large Firms in Biotechnology," Journal of Industrial Economics, Wiley Blackwell, vol. 38(4), pages 361-79, June.
- Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143.
- Loong, Lee Hsien & Zeckhauser, Richard, 1982. "Pecuniary Externalities Do Matter When Contingent Claims Markets Are Incomplete," The Quarterly Journal of Economics, MIT Press, vol. 97(1), pages 171-79, February.
- Giovanni Peri, 2002. "Knowledge Flows and Knowledge Externalities," CESifo Working Paper Series 765, CESifo Group Munich.
- Spence, Michael, 1976. "Product Selection, Fixed Costs, and Monopolistic Competition," Review of Economic Studies, Wiley Blackwell, vol. 43(2), pages 217-35, June.
- Cristiano Antonelli & Giuseppe Scellato, 2011.
"Out-of-equilibrium profit and innovation,"
Economics of Innovation and New Technology,
Taylor & Francis Journals, vol. 20(5), pages 405-421.
- 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.
- Cristiano Antonelli & Giuseppe Scellato, 2009. "Out of Equilibrium Profit and Innovation," Levine's Working Paper Archive 814577000000000071, David K. Levine.
When requesting a correction, please mention this item's handle: RePEc:taf:ecinnt:v:20:y:2011:i:5:p:495-515. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.