Knowledge can be classified into (i) explicit, which can be easily recorded (e.g., books) and (ii) tacit, which cannot … be always articulated. However, much of this tacit knowledge can be shared. The conversion of tacit knowledge into … explicit knowledge is called externalization. Farmers possess both kinds of knowledge. Scientists often pre-determine ignorance …

"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This … article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight … manufacturing sectors. The author assesses the predictions of inter-disciplinary research on innovation by firms. The econometric …