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Pecuniary Knowledge Externalities and the System Dynamics of Growth

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Recent advances in the economics of knowledge highlight the key role of pecunìary knowledge externalities in explaining the system dynamics of total factor productivity growth. When nonexhaustible technological knowledge is an input both in the production of new goods and of further knowledge, and the acquisìtìon 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 economie systems at large.

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  • Antonelli, Cristiano, 2007. "Pecuniary Knowledge Externalities and the System Dynamics of Growth," 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 200707, University of Turin.
    • Handle: RePEc:uto:labeco:200707
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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," University of Göttingen Working Papers in Economics 102, University of Goettingen, Department of Economics.
    3. Abubakar, Yazid Abdullahi & Hand, Chris & Smallbone, David & Saridakis, George, 2019. "What specific modes of internationalization influence SME innovation in Sub-Saharan least developed countries (LDCs)?," Technovation, Elsevier, vol. 79(C), pages 56-70.

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