Localized Technological Knowledge: Pecuniary Knowledge Externalities and Appropriability

Cristiano Antonelli

Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series from University of Turin

Abstract: Recent advances in the economics of knowledge highlight the key role of pecuniary knowledge externalities in explaining the system dynamics of total factor productivity growth. When nonexhaustible technological knowledge is an input both in the production of new goods and of further knowledge, and the acquisition of external knowledge, as a non-disposable input in the production of new knowledge, is not free, pecuniary externalities, as opposed to technological externalities, provide an important clue to understanding the key role of knowledge governance mechanisms in assessing the rate of growth of total factor productivity and economic systems at large. The negative effects upon appropriability limit the advantages of agglomeration.

Pages: 23 pages
Date: 2008-07
New Economics Papers: this item is included in nep-eff and nep-knm
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Localized Technological Knowledge: Pecuniary Knowledge Externalities And Appropriability (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:uto:labeco:200809

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