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Localized Technological Knowledge: Pecuniary Knowledge Externalities and Appropriability

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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 nonexhaustible 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.

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  • Antonelli, Cristiano, 2008. "Localized Technological Knowledge: Pecuniary Knowledge Externalities and 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 200809, University of Turin.
    • Handle: RePEc:uto:labeco:200809
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    Cited by:

    1. 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.
    2. repec:got:cegedp:102 is not listed on IDEAS
    3. 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.

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    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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