External and Internal Knowledge in the Knowledge Generation Function

Cristiano Antonelli and Alessandra Colombelli

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Abstract: This paper explores the role of internal and external knowledge in the generation of new technological knowledge. It implements the notion of recombinant knowledge generation function with the appreciation of: (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 upon 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 inputs into the generation of new technological knowledge.

Keywords: Knowledge generation function; internal knowledge stock; external knowledge; complementarity of internal and external knowledge; knowledge composition (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (15)

Published in Industry and Innovation, 2015, 22 (4), pp.273-298. ⟨10.1080/13662716.2015.1049864⟩

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Chapter: External and internal knowledge in the knowledge generation function (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01221388

DOI: 10.1080/13662716.2015.1049864

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