Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli, Cristiano
Author-Email: cristiano.antonelli@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Localized Technological Knowledge: Pecuniary Knowledge Externalities and Appropriability
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.
Length: 23 pages
Creation-Date: 2008-07
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2008dip_l_b/9_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:200809