Autore
Antonelli, Cristiano

Titolo
The Engines of the Creative Response: Reactivity and Knowledge Governance
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2017 - Volume: 6 - Fascicolo: 27 - Pagina iniziale: 1 - Pagina finale: 29

The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This essay explores the role of the reactivity of firms to out-of-equilibrium conditions and of knowledge governance in assessing the chances that creative responses actually take place as an alternative to adaptive responses. It implements a systemic frame able to show that: i) the levels of reactivity of firms enhance the research efforts of rims that try and cope with out of equilibrium conditions; ii) the actual rates of introduction of innovations and increase of total factor productivity are contingent upon the quality of knowledge governance, and iii) out-of-equilibrium conditions, as well as the amount of knowledge externalities are the endogenous outcome of the creative response.



Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2017dip/wp_22_2017.pdf

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