Pecuniary externalities are crucial in shaping the strategies to value the distinctive competences and the economic success of innovative firms. The analysis of conditions for localized knowledge appropriation and exploitation makes it possible to identify idiosyncratic production factors. The...

Pecuniary externalities are crucial in shaping the strategies to value the distinctivecompetences and the economic success of innovative firms. The analysis of conditions forlocalized knowledge appropriation and exploitation makes it possible to identify idiosyncratic production factors....

Pecuniary externalities are crucial in shaping the strategies to value the distinctive competences and the economic success of innovative firms. The analysis of conditions for localized knowledge appropriation and exploitation makes it possible to identify idiosyncratic production factors. The...

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 non-exhaustible technological knowledge is an input both in the production of new goods and of further knowledge,...

This paper contributes the analysis of the persistence of innovation activities, as measured by different innovation indicators and explores its path dependent characteristics. The empirical analysis of firm level innovative activities for a sample of 451 Italian manufacturing companies observed...

Il modello Schumpeteriano, anche grazie alla ricca tradizione interpretativa che da esso trae spunto, offre importanti opportunità, sia per l’analisi critica del funzionamento del sistema economico a partire dallo studio delle relazioni tra innovazione, crescita e crisi, che per...

This paper elaborates an integrated framework for understanding diffusion as a process of creative adoptions in the business sector. Within the context of the economics of localized technological change, adoption is viewed as a complementary component of a broader process of adjusting the...