Knowledge properties and the creative response in the global economy: European evidence for the years 1990–2016

Cristiano Antonelli and Christophe Feder

The Journal of Technology Transfer, 2022, vol. 47, issue 2, No 5, 459-475

Abstract: Abstract Globalization and the new understanding of the properties of knowledge, with particular attention to the limits of its appropriability, exhaustibility, transferability, and its accumulation as a result of its recombinant generation, support the revival of the Schumpeterian intuition of innovation as a creative response and its blending with the Lamarckian legacy. Globalization spawns radical changes in product and factor markets that stir a response based on innovations that is actually creative and able to contribute to the increase of productivity when the access to and use of existing knowledge stocks takes place at below equilibrium costs. A three-equations recursive system for 14 European countries from 1990 to 2016 confirms that the level of openness to international trade promotes innovative efforts that, together with knowledge costs and capital intensity, improve labor productivity growth.

Keywords: Globalization; Lamarckian evolution; Knowledge exhaustibility and accumulation; Pecuniary knowledge externalities; R&D; Patent cost (search for similar items in EconPapers)
JEL-codes: F15 O33 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s10961-021-09863-4 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jtecht:v:47:y:2022:i:2:d:10.1007_s10961-021-09863-4

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10961/PS2

DOI: 10.1007/s10961-021-09863-4

Access Statistics for this article

The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

More articles in The Journal of Technology Transfer from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().