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Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability

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  • Cristiano Antonelli

Abstract

Recent advances in the economics of knowledge highlight the key role of pecuniary knowledge externalities in explaining the system dynamics of total factor productivity growth. When non-exhaustible technological knowledge is an input both in the production of new goods and of further knowledge, and the acquisition of external knowledge, as a non-disposable input in the production of new knowledge, is not free, pecuniary externalities, as opposed to technological externalities, provide an important clue to understanding the key role of knowledge governance mechanisms in assessing the rate of growth of total factor productivity and economic systems at large. The negative effects upon appropriability limit the advantages of agglomeration.

Suggested Citation

  • Cristiano Antonelli, 2007. "Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability," Papers on Economics and Evolution 2007-09, Philipps University Marburg, Department of Geography.
  • Handle: RePEc:esi:evopap:2007-09
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    1. C. Antonelli, 2007. "Localized Technological Change," Chapters,in: Elgar Companion to Neo-Schumpeterian Economics, chapter 16 Edward Elgar Publishing.
    2. Antonelli, Cristiano, 2007. "The system dynamics of collective knowledge: From gradualism and saltationism to punctuated change," Journal of Economic Behavior & Organization, Elsevier, vol. 62(2), pages 215-236, February.
    3. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters,in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc.
    4. Antonelli, Cristiano, 2007. "Localized Appropriability: Pecuniary Externalities in Knowledge Exploitation," 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 200710, University of Turin.
    5. Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143-143.
    6. Joseph E. Stiglitz, 2000. "The Contributions of the Economics of Information to Twentieth Century Economics," The Quarterly Journal of Economics, Oxford University Press, vol. 115(4), pages 1441-1478.
    7. 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.
    8. Freeman, C., 1991. "Networks of innovators: A synthesis of research issues," Research Policy, Elsevier, vol. 20(5), pages 499-514, October.
    9. Arrow, Kenneth J, 1969. "Classificatory Notes on the Production and Transmission of Technological Knowledge," American Economic Review, American Economic Association, vol. 59(2), pages 29-35, May.
    10. Pier Paolo Patrucco, 2009. "Collective knowledge production costs and the dynamics of technological systems," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(3), pages 295-310.
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    13. S. Illeris & G. Akehurst, 2002. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 22(1), pages 1-3, January.
    14. Antonelli, Cristiano, 2005. "The Governance Of Localized Knowledge: An Information Economics Approach For The Economics Of Knowledge," 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 200502, University of Turin.
    15. Dominique Foray, 2006. "The Economics of Knowledge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562235, March.
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    17. Antonelli, Cristiano, 2005. "The Embedded Generation of Knowledge: Contextual Spillovers and Localized Appropriability," 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 200506, University of Turin.
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    1. repec:got:cegedp:102 is not listed on IDEAS
    2. 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.
    3. Quatraro, Francesco, 2008. "Regional Knowledge Base and Productivity Growth: The Evidence of Italian Manufacturing," 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 200810, University of Turin.

    More about this item

    Keywords

    TECHNOLOGICAL KNOWLEDGE; PECUNIARY EXTERNALITIES; KNOWLEDGE GOVERNANCE; KNOWLEDGE APPROPRIABILITY Length 21 pages;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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