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This Element combines the advances of the economics of knowledge and innovation implementing the Schumpeterian notion of creative response to understand the determinants and the effects of the rate and direction of technological and organizational change and its variance across time and space, firms, and industries. The notion of creative response provides an inclusive framework that enables to highlight the crucial role of knowledge in assess...

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‘This important new book provides a penetrating, novel analysis of the key role played by knowledge when viewed through the lens of Schumpeterian economics. It is loaded with important insights that highlight the primacy of knowledge and innovation to unleash economic growth.’—David B. Audretsch, Indiana University Bloomington, USAThis book combines the tools elaborated by the economics of knowledge and the legacy of Joseph Schumpeter to explo...

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This excellent, comprehensive and authoritative book, by a respected expert in the field of the Economics of Innovation, provides a systematic account of recent advances and must be read by all with an interest in Economic Theory.

Antonelli proposes a general, interpretative framework which identifies, qualifies, and specifies the context and processes which make it possible for increasing returns to apply in the localized production of technological knowledge and change.

The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. 'Economics of innovation' provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms.This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account w...

The concept of localized technological change is emerging at the crossroads of different approaches to the economics of innovation and new technologies. The term `localized technological change' refers to the introduction of technological changes which make possible an increase in total factor productivity within only a limited range of techniques defined by the levels of factor intensity. This contrasts with `generalized technological change'...

1 ¿ A New Industrial Organization Approach.- 1.1. Introduction.- 1.2. Production Functions and Governance Functions.- 1.3. The Effects of Telematics on the Governance Function.- 1.4. Telematics and Alternative Modes of Governance.- 2 ¿ The Emergence of the Network Firm.- 2.1. The Adoption of Telematics.- 2.2. The Uses of Telematics.- 2.3. The Network Firm.- 2.4. A Generalization.- 3 ¿ Manufacturing Networks: Telematics in the Automotive Indust...

Explores the characteristics of the path dependent dynamics of localized technological change, demonstrating how the economics of complexity can inform our understanding of the economics of innovation and vice versa.

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Technology has long been seen as a path to economic growth. However there is considerable debate about the exact nature of this relationship. Economics of Structural and Technological Change employs a wide range of theoretical and applied approaches to explore the concept of technological change. The book begins with a series of in-depth discussions of the economic analysis of technological change. The second section contains a discussion of t...