External and internal knowledge in the knowledge generation function

Cristiano Antonelli and Alessandra Colombelli

Chapter 4 in The Evolutionary Complexity of Endogenous Innovation, 2018, pp 82-108 from Edward Elgar Publishing

Abstract: This chapter implements the notion of s recombinant knowledge generation function, and explores the role of internal and external knowledge in the generation of new technological knowledge. It enables us to appreciate: i) the complementary as opposed to supplementary role of external knowledge; and ii) the role of the size and composition of the internal stock of knowledge. The empirical section is based on a panel of companies listed on the main European financial markets for the period 1995–2006. The econometric analysis is based on simultaneous equations. The results confirm that R&D efforts and external knowledge are indispensable to the generation of new technological knowledge.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2018
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Related works:
Journal Article: External and Internal Knowledge in the Knowledge Generation Function (2015)
Working Paper: External and Internal Knowledge in the Knowledge Generation Function (2015)
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