A NEW SECTORAL TAXONOMY BASED ON PECUNIARY KNOWLEDGE EXTERNALITIES: KNOWLEDGE INTERACTIONS IN A VERTICALLY INTEGRATED SYSTEM
The paper presents a new sectoral taxonomy that focuses on the existence of non-negligible external effects that derive from user--producer knowledge interactions. These are coupled with intermediate goods transactions, in a system of vertically integrated manufacturing and services sectors. These externalities, the so-called pecuniary knowledge externalities, are the main source of changing technological conditions experienced by downstream producers. A distinguishing feature of the taxonomy lies in its derivation from a particularly dynamic context of changing production functions. The taxonomy is empirically derived, examining effects generated by technological knowledge in a system of intermediate goods transactions and taking into account peculiar characteristics of sectors in European economies. The results allow for a classification of sectors in five groups. An analysis of these classes confirms previous evidence that technological characteristics of sectors across classes differ.
Year of publication: |
2012
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Authors: | Gehringer, Agnieszka |
Published in: |
Economic Systems Research. - Taylor & Francis Journals, ISSN 0953-5314. - Vol. 24.2012, 1, p. 35-55
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Publisher: |
Taylor & Francis Journals |
Saved in:
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