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External and internal knowledge in the knowledge generation function

In: The Evolutionary Complexity of Endogenous Innovation

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  • Cristiano Antonelli
  • Alessandra Colombelli

Abstract

This chapter implements the notion of s recombinant knowledge generation function, and explores the role of internal and external knowledge in the generation of new technological knowledge. It enables us to appreciate: i) the complementary as opposed to supplementary role of external knowledge; and ii) the role of the size and composition of the internal stock of knowledge. The empirical section is based on a panel of companies listed on the main European financial markets for the period 1995–2006. The econometric analysis is based on simultaneous equations. The results confirm that R&D efforts and external knowledge are indispensable to the generation of new technological knowledge.

Suggested Citation

  • Cristiano Antonelli & Alessandra Colombelli, 2018. "External and internal knowledge in the knowledge generation function," Chapters, in: The Evolutionary Complexity of Endogenous Innovation, chapter 4, pages 82-108, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18031_4
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    References listed on IDEAS

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    1. Conte, Andrea & Vivarelli, Marco, 2005. "One or Many Knowledge Production Functions? Mapping Innovative Activity Using Microdata," IZA Discussion Papers 1878, Institute of Labor Economics (IZA).
    2. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, April.
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    Cited by:

    1. Cristiano Antonelli & Alessandra Colombelli, 2017. "The locus of knowledge externalities and the cost of knowledge," Regional Studies, Taylor & Francis Journals, vol. 51(8), pages 1151-1164, August.
    2. Cristiano Antonelli & Gianluigi Ferraris, 2018. "The creative response and the endogenous dynamics of pecuniary knowledge externalities: an agent based simulation model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 13(3), pages 561-599, October.
    3. Cristiano Antonelli & Francesco Crespi & Christian A. Mongeau Ospina & Giuseppe Scellato, 2017. "Knowledge composition, Jacobs externalities and innovation performance in European regions," Regional Studies, Taylor & Francis Journals, vol. 51(11), pages 1708-1720, November.
    4. Antonelli, Cristiano, 2017. "Digital knowledge generation and the appropriability trade-off," Telecommunications Policy, Elsevier, vol. 41(10), pages 991-1002.
    5. Müller, Aranja & Zaby, Alexandra K., 2019. "Research joint ventures and technological proximity," Research Policy, Elsevier, vol. 48(5), pages 1187-1200.
    6. Antonelli, Cristiano & David, Paul, 2015. "The Generation of Knowledge as an Emergent System Property: An Introduction," 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 201512, University of Turin.
    7. Hui Gao & Suming Wu, 2023. "The Influence of Ambidextrous Knowledge Search on Technological Innovation: The Mediating Role of Knowledge Base," SAGE Open, , vol. 13(4), pages 21582440231, December.
    8. Vestal, Alex & Danneels, Erwin, 2018. "Knowledge exchange in clusters: The contingent role of regional inventive concentration," Research Policy, Elsevier, vol. 47(10), pages 1887-1903.
    9. Sueyoshi, Toshiyuki & Ryu, Youngbok, 2022. "Performance assessment on technology transition from small businesses to the U.S. Department of Defense," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    10. Christopher F Baum & Hans Lööf & Pardis Nabavi, 2019. "Innovation strategies, external knowledge and productivity growth," Industry and Innovation, Taylor & Francis Journals, vol. 26(3), pages 348-367, March.
    11. Michael A. Verba, 2022. "Growth and innovation in the presence of knowledge and R&D accumulation dynamics," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 31(6), pages 485-510, August.
    12. Antonelli, Cristiano & Colombelli, Alessandra, 2015. "The knowledge cost function," International Journal of Production Economics, Elsevier, vol. 168(C), pages 290-302.
    13. Antonelli, Cristiano & Crespi, Francesco & Quatraro, Francesco, 2022. "Knowledge complexity and the mechanisms of knowledge generation and exploitation: The European evidence," Research Policy, Elsevier, vol. 51(8).
    14. Grinza, Elena & Quatraro, Francesco, 2019. "Workers’ replacements and firms’ innovation dynamics: New evidence from Italian matched longitudinal data," Research Policy, Elsevier, vol. 48(9), pages 1-1.
    15. Link, Albert N. & Antonelli, Cristiano, 2015. "Strategic Alliances: An Introductory Framework," 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 201511, University of Turin.
    16. Audretsch, David B. & Belitski, Maksim, 2024. "Knowledge collaboration, firm productivity and innovation: A critical assessment," Journal of Business Research, Elsevier, vol. 172(C).
    17. Bruno Fischer & Paola Rücker Schaeffer & Sérgio Queiroz, 2019. "High-growth entrepreneurship in a developing country: Regional systems or stochastic process?," Contaduría y Administración, Accounting and Management, vol. 64(1), pages 59-60, Enero-Mar.
    18. Wallin, Tina, 2017. "An empirical study of firms’ absorptive capacity and export diversification," Working Paper Series in Economics and Institutions of Innovation 452, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

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