The engines of the creative response: the introductory framework

Cristiano Antonelli

Chapter 1 in The Evolutionary Complexity of Endogenous Innovation, 2018, pp 1-20 from Edward Elgar Publishing

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 chapter 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 quality of knowledge governance is a determinant in making the response of firms creative rather than adaptive; and ii) the levels of firms’ reactivity enhance the rates of introduction of innovations and increase total factor productivity.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2018
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