Núm. 47 (2017)
Artículos

The Engines of the Creative Response: Reactivity and Knowledge Governance

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  • Cristiano Antonelli
Cristiano Antonelli
Universidad de Torino, Collegio Carlo Alberto
DOI: https://doi.org/10.24275/ETYPUAM/NE/472017/Antonelli
Publicado diciembre 1, 2017

Derechos de autor 2017 Economía teoría y práctica

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Resumen

The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This essay explores the role of the reactivity of firms to out-of-equilibrium conditions and of knowledge governance in assessing the chances that creative responses actually take place as an alternative to adaptive responses. It implements a systemic frame able to show that: i) the levels of reactivity of firms enhance the research efforts of rims that try and cope with out-of-equilibrium conditions; ii) the actual rates of introduction of innovations and increase of total factor productivity are contingent upon the quality of knowledge governance, and iii) out-of-equilibrium conditions, as well as the amount of knowledge externalities are the endogenous outcome of the creative response.
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