The Engines of the Creative Response: Reactivity and Knowledge Governance

Cristiano Antonelli

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 Carlo Alberto. WP series from University of Turin

Abstract: The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This essay explores the role of the reactivity of firms to out-of-equilibrium conditions and of knowledge governance in assessing the chances that creative responses actually take place as an alternative to adaptive responses. It implements a systemic frame able to show that: i) the levels of reactivity of firms enhance the research efforts of rims that try and cope with out of equilibrium conditions; ii) the actual rates of introduction of innovations and increase of total factor productivity are contingent upon the quality of knowledge governance, and iii) out-of-equilibrium conditions, as well as the amount of knowledge externalities are the endogenous outcome of the creative response.

Pages: pages 29
Date: 2017-06
New Economics Papers: this item is included in nep-hpe, nep-ino, nep-knm and nep-sbm
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Related works:
Journal Article: The Engines of the Creative Response: Reactivity and Knowledge Governance (2017)
Working Paper: The Engines of the Creative Response: Reactivity and Knowledge Governance (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:uto:labeco:201710

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