Innovation as an Emerging System Property: an Agent Based Model
The paper elaborates the notion of innovation as an emerging property of complex system dynamics and presents an agent-based model of an economy where systemic knowledge interactions among heterogeneous agents are crucial for the generation of new technological knowledge and the introduction of innovations. In this approach external knowledge is an indispensable input,together with internal learning and research activities, into the generation of new knowledge. The introduction of innovations is analyzed as the result of systemic interactions among myopic agents that are credited with an extended procedural rationality that includes forms of creative reaction. The creative reaction of agents may lead to the introduction of productivity enhancing innovations. This takes place only when the structural and institutional characteristics of the system are such that agents, reacting to out-of equilibrium conditions, can actually take advantage of external knowledge available within the innovation system into which they are embedded. Building upon agentbased simulation techniques the paper explores the effects that alternative configurations of the intellectual property right regimes play in assessing the chances to generate new technological knowledge and shows how the different architectural configurations of the structure into which knowledge interactions take place affect the rates of introduction of technological innovations. The results of the simulation model suggest that the dissemination of knowledge favors the emergence of creative reactions and hence faster rates of introduction of technological innovations.
|Date of creation:||Jul 2009|
|Contact details of provider:|| Web page: http://www.unito.it/|
More information through EDIRC
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.:
- C. Antonelli, 2007.
"Localized Technological Change,"
Chapters,in: Elgar Companion to Neo-Schumpeterian Economics, chapter 16
Edward Elgar Publishing.
- Antonelli, Cristiano, 2003. "Localized Technological Change," 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 200305, University of Turin.
- Pietro Terna, 2009. "The epidemic of innovation - playing around with an agent-based model," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 707-728.
- Claudine Gay & William Latham & Christian Le Bas, 2008. "Collective Knowledge, Prolific Inventors And The Value Of Inventions: An Empirical Study Of French, German And British Patents In The Us, 1975-1999," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(1-2), pages 5-22.
- John Foster, 2005. "From simplistic to complex systems in economics," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 873-892, November.
- Prof John Foster, 2004. "From Simplistic to Complex Systems in Economics," Discussion Papers Series 335, School of Economics, University of Queensland, Australia.
- R. Cowan & N. Jonard & J.-B. Zimmermann, 2006. "Evolving networks of inventors," Journal of Evolutionary Economics, Springer, vol. 16(1), pages 155-174, April.
- Cowan Robin & Jonard Nicolas & Zimmermann J-B, 2004. "Evolving Networks of Inventors," Research Memorandum 018, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
- Paul David & Louise Keely, 2003. "The endogenous formation of scientific research coalitions," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(1), pages 93-116.
- Krugman, Paul, 1994. "Complex Landscapes in Economic Geography," American Economic Review, American Economic Association, vol. 84(2), pages 412-416, May.
- 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.
- Jan Vandekerckhove & Raymond De Bondt, 2008. "Asymmetric Spillovers And Investments In Research And Development Of Leaders And Followers," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(5), pages 417-433.
- Aghion, Philippe & David, Paul A. & Foray, Dominique, 2009. "Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems'," Research Policy, Elsevier, vol. 38(4), pages 681-693, May.
- David, Paul & Aghion, Philippe, 2008. "Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in "STIG Systems"," MPRA Paper 12096, University Library of Munich, Germany.
- Antonelli, Cristiano, 2009. "An introduction to the system dynamics of technological change: the basic tools," 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 200905, University of Turin.
- J. Barkley Rosser, 1999. "On the Complexities of Complex Economic Dynamics," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 169-192, Fall.
- Martin L. Weitzman, 1998. "Recombinant Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 113(2), pages 331-360.
- Martin L. Weitzman, 1995. "Recombinant Growth," Harvard Institute of Economic Research Working Papers 1722, Harvard - Institute of Economic Research.
- Weitzman, Martin L., 1998. "Recombinant Growth," Scholarly Articles 3708468, Harvard University Department of Economics.
- Ron Boschma, 2005. "Proximity and Innovation: A Critical Assessment," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 61-74.
- Cristiano Antonelli & Pier Paolo Patrucco & Francesco Quatraro, 2008. "The governance of localized knowledge externalities," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(4), pages 479-498.
- Antonelli, Cristiano & Patrucco, Pier Paolo & Quatraro, Francesco, 2008. "The governance of localized knowledge externalities," 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 200801, University of Turin.
- Fleming, Lee & Sorenson, Olav, 2001. "Technology as a complex adaptive system: evidence from patent data," Research Policy, Elsevier, vol. 30(7), pages 1019-1039, August.
- Weitzman, Martin L, 1996. "Hybridizing Growth Theory," American Economic Review, American Economic Association, vol. 86(2), pages 207-212, May.
- Steven N. Durlauf, 2005. "Complexity and Empirical Economics," Economic Journal, Royal Economic Society, vol. 115(504), pages 225-243, 06.
- Durlauf,S.N., 2003. "Complexity and emperical economics," Working papers 2, Wisconsin Madison - Social Systems.
- M. Ozman, 2009. "Inter-firm networks and innovation: a survey of literature," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(1), pages 39-67.
- Elad Harison, 2008. "Intellectual Property Rights In A Knowledge-Based Economy: A New Frame-Of-Analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(4), pages 377-400. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:uto:labeco:200911. 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: (Piero Cavaleri)or (Marina Grazioli)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.