Autore
Antonelli, Cristiano

Titolo
Endogenous Innovation: The Creative Response
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2017 - Volume: 3 - Fascicolo: 12 - Pagina iniziale: 1 - Pagina finale: 70

The limits of both evolutionary approaches, based upon biological metaphors, and the new growth theory based on the early economics of knowledge, are becoming apparent. Considerable progress can be made by implementing an evolutionary complexity approach that builds upon the legacy of Schumpeter (1947) with the notions of: i)reactive decision making; ii) multiple feedback; iii) innovation as the outcome of an emergent system process rather than individual action; iv);organized complexity and knowledge connectivity; iv) endogenous variety; vi) non ergodic path dependent dynamics. Building upon these bases, the paper articulates an endogenous theory of innovation centered upon the analysis of the systemic conditions that make the creative reaction and hence the introduction of innovations possible.



Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2017dip/wp_12_2017.pdf

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