Elgar Encyclopedia on the Economics of Knowledge and Innovation


Elgar Encyclopedia on the Economics of Knowledge and Innovation

9781839106989 Edward Elgar Publishing
Edited by Cristiano Antonelli, Professor of Economics, Department of Economics and Statistics "Cognetti de Martiis", University of Torino and Fellow, Collegio Carlo Alberto, Italy
Publication Date: 2022 ISBN: 978 1 83910 698 9 Extent: 578 pp
A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the making of the economics of innovation as a distinct and specialised field of investigation within the broad range of economic disciplines.

This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts.

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A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the economics of innovation as a distinct and specialised field of investigation. Comprehensive and accessible, it further elaborates the relationship between the economics of knowledge and the economics of innovation.

The Encyclopedia offers an overview of the classical origins of the early economics of technical change, and the role of Schumpterian legacies and the Arrovian economics of knowledge as indispensable ingredients to understanding innovation. The entries demonstrate that the analysis of the full array of feedbacks, interactions and transactions that take place within economic systems show how and why out-of-equilibrium conditions in both factor and product markets are the cause and consequence of the introduction and diffusion of innovations.

This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts. It will also be a useful reference tool for business school students.

Key Features:

• Contributions from 67 scholars in the field of the economics of knowledge and innovation
• Informative table offering thematic groupings of the entries in a thorough introduction
• Provides readers with the framework to elaborate innovation policies and firms’ strategies
Critical Acclaim
‘In the past 75 years the study of the origins and economic consequences of innovation has grown well beyond the imagination of the pioneers in the field. This volume of contributions is a grand testament to the present scale and diversity of understanding in this challenging field. Here the reader can sense the deep complexity of innovation processes in terms of the prevailing incentives to innovate, the resources required to innovate, the capabilities to innovate and, most important of all, the creative opportunities to innovate; all to be understood within a penumbra of organisations, instituted rules and public policies that shape and constrain. The richness and diversity of the topics is manifest but, just as importantly, they are unified by the sense of placing innovation processes within worlds of knowledge and economic activity that are open, creative, interacting systems that are forever generating challenges to the status quo. Anyone who is interested in one of the great economic and social questions of our time, namely, how wealth emerges from human knowing, will find sustenance and challenge aplenty in this fine volume.’
– Stan Metcalfe, University of Manchester, UK

‘Antonelli has assembled a virtual who''s who of scholars working in the area of the economics of knowledge and technology. The book – with its 66 entries – is a must-read for anyone interested in the area – be they researchers or policy makers.’
– Paula Stephan, Georgia State University and National Bureau of Economic Research, US

‘Understanding innovation and how it draws upon and creates knowledge, requires us to view the economy as a complex system. This Encyclopedia offers an outstanding collection of entries on the functioning of innovation processes from a complexity perspective provided by well-established contributors and an exciting new breed of researchers.’
– John Foster, The University of Queensland, Australia
Contributors: Isabel Almudi, Cristiano Antonelli, Bjørn T. Asheim, David B. Audretsch, James A. Brander, Bo Carlsson, Gilbert Cette, Martin Cimiterra, Alex Coad, Patrick Cohendet, Valeria Costantini, Francesco Crespi, Olivier Dupouët, Gabriela Dutrénit, Jan Fagerberg, Claudio Fassio, Francisco Fatas-Villafranca, Christophe Feder, Agnieszka Gehringer, Alenka Guzman, Hanna Hottenrott, Adam Jaffe, Lena Kalukuta, Kristiaan Kerstens, Jackie Krafft, Jens Kruger, Cornelia Lawson, Christian Le Bas, Keun Lee, You-Na Lee, Erik E. Lehmann, Frank R. Lichtenberg, Albert Link, Hans Loof, Bengt-Ake Lundvall, Pierre Mohnen, Diego Moraes Da Silva, Félix-Fernando Muñoz, Matthias Müller, Raouf Naggar, Pierpaolo Patrucco, Elise Petit, Andreas Pyka, Francesco Quatraro, Romain Rampa, Veronica Robert, Stephen Roper, Federica Rossi, Miriam Ruggiero, Pierpaolo Saviotti, Giuseppe Scellato, F.M. Scherer, Ruchi Sharma, Zhiyang Shen, Vincenzo Spiezia, W. Edward Steinmueller, Paul Stoneman, G.M. Peter Swann, Josef Taalbi, Mehmet Ugur, Bruno Van Pottelsberghe de la Potterie, Jérôme Vicente, Marco Vivarelli, Nicholas Vonortas, John P. Walsh, Gabriel Yoguel

The economics of knowledge and innovation as emerging system properties 1
Cristiano Antonelli
1 Barriers to innovation 13
Diego de Moraes Silva and Nicholas S. Vonortas
2 Blockchain as a new digital paradigm 23
Martin Cimiterra and Jackie Krafft
3 Capitalization of knowledge 32
Agnieszka Gehringer
4 “Coevolution” (in innovative economic systems) 40
Isabel Almudi and Francisco Fatas-Villafranca
5 Combinatorial and differentiated knowledge bases – contributions to
(regional) innovation studies and policy 47
Bjørn T. Asheim
6 Competent demand 55
Agnieszka Gehringer
7 The contribution of universities to business innovation 63
Federica Rossi
8 Creative response in economic history 72
Josef Taalbi
9 Defining innovation 82
Paul Stoneman
10 Darwin’s ideas and their mixed reception in evolutionary economics 89
Gabriel Yoguel and Verónica Robert
11 The economics of clusters 99
Jérôme Vicente
12 Economics of knowledge codification 109
W. Edward Steinmueller
13 Economists’ analyses of technological change 116
F.M. Scherer
14 Effects of organizational innovation 121
Brian P. Cozzarin
15 Entrepreneurial ecosystems 128
Nicholas S. Vonortas
16 Environmental regulation as a stimulus for eco-innovation 138
Valeria Costantini
17 External engagement of academics 147
Cornelia Lawson
18 Financing constraints for innovation 154
Hanna Hottenrott
19 Frugal innovation with the lens of economics analysis 158
Christian Le Bas
20 Green technological change 166
Francesco Quatraro
21 High-growth firms 173
Alex Coad
22 ICT contribution to growth measurement: do we miss a lot? 178
Gilbert Cette and Vincenzo Spiezia
23 The impact of biomedical innovation on longevity and health 187
Frank R. Lichtenberg
24 Induced technological change 200
Christophe Feder
25 Industrial dynamics 208
Bo Carlsson
26 Innovation and circular economy: an analytical viewpoint 215
Christian Le Bas
27 Innovation persistence 222
Francesco Crespi, Miriam Ruggiero and Giuseppe Scellato
28 Innovation policy 230
Jan Fagerberg
29 Innovation and trade 237
Claudio Fassio
30 Innovation systems and their contribution to understanding innovation
and economic growth 245
Bo Carlsson
31 Innovation and wealth creation 252
G.M. Peter Swann
32 Intellectual property protection, innovation, and knowledge diffusion 265
Mehmet Ugur
33 Intentionality and complexity 272
Félix-Fernando Muñoz
34 Intentionality and innovation 278
Félix-Fernando Muñoz
35 International intellectual property agreements and organizations 285
James A. Brander
36 Knowledge base, firm performance and innovation networks 292
Pierpaolo Saviotti
37 Knowledge externalities and the financing of innovation 303
Mehmet Ugur
38 Knowledge spillovers 311
Adam B. Jaffe
39 The knowledge spillover theory of entrepreneurship 318
David B. Audretsch and Erik E. Lehmann
40 Learning, innovation, and economic development by latecomers 326
Keun Lee
41 Localized technological change 333
Kristiaan Kerstens, Jens Krüger and Zhiyang Shen
42 Measuring innovation 342
Paul Stoneman
43 National systems of innovation 351
Bengt-Åke Lundvall
44 Non-R&D innovation 359
You-Na Lee and John P. Walsh
45 Patent citations 365
Adam B. Jaffe
46 Patent fees 373
Lena Kalukuta Mahina and Bruno van Pottelsberghe de la Potterie
47 Patent policy and innovation 382
Ruchi Sharma
48 Patent systems 390
Elise Petit and Bruno van Pottelsberghe de la Potterie
49 The platform as an organizational innovation for complex systems 399
Pier Paolo Patrucco
50 Recombinant knowledge and innovation 408
Matthias Müller and Andreas Pyka
51 R&D tax incentives 416
Pierre Mohnen
52 Research and development subsidies 421
Hanna Hottenrott
53 Returns to R&D 426
Pierre Mohnen
54 Sarewitz–Nelson Rules (for innovative choice and technology policy) 432
Isabel Almudi and Francisco Fatas-Villafranca
55 Schumpeterian oligopolistic rivalry 439
Ruchi Sharma
56 Scientific ideas and innovative behavior 446
Albert N. Link
57 Skilled migration and innovation 453
Claudio Fassio
58 Technological capability accumulation 461
Gabriela Dutrénit
59 Technological change and employment 469
Marco Vivarelli
60 Technological systems and development blocks 478
Josef Taalbi
61 Technology catch-up 488
Alenka Guzmán
62 Towards an idea-led theory of the firm 497
Patrick Cohendet, Olivier Dupouët, Raouf Naggar and Romain Rampa
63 Training and innovation 507
Brian P. Cozzarin
64 Value chain perspectives on innovation-to-performance linkages 515
Stephen Roper
65 Venture capital finance of innovation 522
James A. Brander
66 What prevents spillovers from the pool of knowledge? 529
Hans Lööf
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