Knowledge compositeness measures the variety of scientific disciplines that it is necessary to command in order to generate new technological knowledge. The paper investigates the relations between the knowledge compositeness of the flow of patents delivered to the main European automobile...

This paper contributes to the analysis of the persistence of innovation activities, as measured by total factor productivity (TFP), and explores its internal and external determinants stressing its path-dependent characteristics. The external conditions, namely the quality of local knowledge...

During the last 40 years, economics of innovation has emerged as a distinct area of enquiry at the crossing of the economics of growth, industrial organization, regional economics and the theory of the firm, becoming a well-identified area of competence in economics specializing not only in the...

Innovation is the result of intentional decision-making that takes place in out-of-equilibrium conditions. Profitability is a reliable indicator of equilibrium conditions, far better than competition, as it integrates the effects of out-of-equilibrium conditions in both product and factor...