Elgar Encyclopedia on the Economics of Knowledge and Innovation (Elgar Encyclopedias in Economics and Finance series)

A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the economics of innovation as a distinct and specialised field of investigation. Comprehensive and accessible, it further elaborates the relationship between the economics of knowledge and the economics of innovation. The Encyclopedia offers an overview of the classical origins of the early economics of technical change, and the role of Schumpterian legacies and the Arrovian economics of knowledge as indispensable ingredients to understanding innovation. The entries demonstrate that the analysis of the full array of feedbacks, interactions and transactions that take place within economic systems show how and why out-of-equilibrium conditions in both factor and product markets are the cause and consequence of the introduction and diffusion of innovations. This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts. It will also be a useful reference tool for business school students. Key Features: Contributions from 67 scholars in the field of the economics of knowledge and innovation Informative table offering thematic groupings of the entries in a thorough introduction Provides readers with the framework to elaborate innovation policies and firms’ strategies Front Matter Copyright Contents Contributors The economics of knowledge and innovation as emerging system properties 1. Barriers to innovation 2. Blockchain as a new digital paradigm 3. Capitalization of knowledge 4. “Coevolution” (in innovative economic systems) 5. Combinatorial and differentiated knowledge bases – contributions to (regional) innovation studies and policy 6. Competent demand 7. The contribution of universities to business innovation 8. Creative response in economic history 9. Defining innovation 10. Darwin’s ideas and their mixed reception in evolutionary economics 11. The economics of clusters 12. Economics of knowledge codification 13. Economists’ analyses of technological change 14. Effects of organizational innovation 15. Entrepreneurial ecosystems 16. Environmental regulation as a stimulus for eco-innovation 17. External engagement of academics 18. Financing constraints for innovation 19. Frugal innovation with the lens of economics analysis 20. Green technological change 21. High-growth firms 22. ICT contribution to growth measurement: do we miss a lot? 23. The impact of biomedical innovation on longevity and health 24. Induced technological change 25. Industrial dynamics 26. Innovation and circular economy: an analytical viewpoint 27. Innovation persistence 28. Innovation policy 29. Innovation and trade 30. Innovation systems and their contribution to understanding innovation and economic growth 31. Innovation and wealth creation 32. Intellectual property protection, innovation, and knowledge diffusion 33. Intentionality and complexity 34. Intentionality and innovation 35. International intellectual property agreements and organizations 36. Knowledge base, firm performance and innovation networks 37. Knowledge externalities and the financing of innovation 38. Knowledge spillovers 39. The knowledge spillover theory of entrepreneurship 40. Learning, innovation, and economic development by latecomers 41. Localized technological change 42. Measuring innovation 43. National systems of innovation 44. Non-R&D innovation 45. Patent citations 46. Patent fees 47. Patent policy and innovation 48. Patent systems 49. The platform as an organizational innovation for complex systems 50. Recombinant knowledge and innovation 51. R&D tax incentives 52. Research and development subsidies 53. Returns to R&D 54. Sarewitz–Nelson rules (for innovative choice and technology policy) 55. Schumpeterian oligopolistic rivalry 56. Scientific ideas and innovative behavior 57. Skilled migration and innovation 58. Technological capability accumulation 59. Technological change and employment 60. Technological systems and development blocks 61. Technology catch-up 62. Towards an idea-led theory of the firm 63. Training and innovation 64. Value chain perspectives on innovation-to-performance linkages 65. Venture capital finance of innovation 66. What prevents spillovers from the pool of knowledge? Index A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the economics of innovation as a distinct and specialised field of investigation. Comprehensive and accessible, it further elaborates the relationship between the economics of knowledge and the economics of innovation. The Encyclopedia offers an overview of the classical origins of the early economics of technical change, and the role of Schumpterian legacies and the Arrovian economics of knowledge as indispensable ingredients to understanding innovation. The entries demonstrate that the analysis of the full array of feedbacks, interactions and transactions that take place within economic systems show how and why out-of-equilibrium conditions in both factor and product markets are the cause and consequence of the introduction and diffusion of innovations. This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts. It will also be a useful reference tool for business school students. -- Provided by publisher