Knowledge Cumulability and Complementarity in the Knowledge Generation Function

Cristiano Antonelli and Alessandra Colombelli

No 2013-08, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: This paper explores the role of external knowledge and internal stocks of knowledge in the generation of new technological knowledge. It relies on the notion of recombination and brings together three concepts: the appreciation of current expenses in R&D activities; the analysis of the role of the stock of knowledge composition; the identification of the role of external knowledge available in the regional proximity. The empirical section is based upon a panel of companies listed on the main European financial markets for the period 1995–2006. The econometric analysis considers patents as a measure of the knowledge output and, on the right hand side, next to R&D expenditures, the stock of knowledge internal and external to each firm. The results confirm that the stock of internal knowledge and the access to external knowledge play a key role in assessing the actual capability of each firm to generate new knowledge.

Keywords: knowledge generation function; knowledge stock; external knowledge; path dependence (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2013-04
New Economics Papers: this item is included in nep-cse, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Working Paper: Knowledge cumulability and complementarity in the knowledge generation function (2013)
Working Paper: Knowledge cumulability and complementarity in the knowledge generation function (2013)
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