Autore
Antonelli, CristianoTitolo
Globalization Localized Technological Change and the Knowledge Economy.Periodico
Università degli Studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis LEI & BRICK - Lab. Di economia dell'innovazione 'Franco Momigliano', Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP seriesAnno:
2013 - Volume:
5 - Fascicolo:
12 - Pagina iniziale:
1 - Pagina finale:
26This work elaborates a dynamic version of the H-O model based upon the hypothesis that technological
change is endogenous and biased towards the most intensive use of production factors that are locally most abundant in comparative terms.
In the standard H-O model, the difference in the levels of the output elasticity of inputs is assumed to be exogenous.
In this dynamic version, instead, this difference is fully endogenous. This approach rests upon the localized
technological change approach that integrates the advances of the new economic of knowledge with the Schumpeterian
notion of creative reaction, the analysis of induced technological change and technological congruence.
According to the Schumpeterian notion of innovation as the result of the creative reaction, firms caught in out-of-equilibrium
conditions by the changing conditions of both factor and product markets might try and react by means of the introduction of
biased technological changes directed towards the most intensive use of inputs that are locally most abundant in
relative terms. Their success and hence the actual introduction of technological innovations will depend upon the
availability of appropriate knowledge externalities. According to this framework, countries exposed the out-of-equilibrium
conditions engendered by the globalization of product markets can react with the successful introduction of innovations
aimed at increasing the intensity of capital -the most abundant input- with the increase of its output elasticity.
For the same token they can contrast the twin globalization of capital and product markets with the introduction
of the technology production function that makes intensive use of technological knowledge as the most abundant input.
Technological knowledge in fact is characterized by its strong collective and systemic character that limits its dissemination and use outside its context of origin.
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