The Engines of the Creative Response: Reactivity and Knowledge Governance

Cristiano Antonelli

Economía: teoría y práctica, 2017, vol. 47, issue 2, 9-30

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.

Keywords: Creative response; Endogenous innovation; Reactivity; Knowledge externalities; Knowledge governance mechanisms. (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ety:journl:v:47:y:2017:i:2:p:9-30

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