Knowledge appropriability and directed technological change: the Schumpeterian creative response in global markets
Autor: | Christophe Feder, Cristiano Antonelli |
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Rok vydání: | 2020 |
Předmět: |
Factor market
Product market Technological change 05 social sciences General Engineering Commercial law Balance of trade Process innovation Knowledge appropriability Creative response Schumpeter-Heckscher-Ohlin Technological congruence Competition (economics) Accounting 0502 economics and business Openness to experience Economics Product (category theory) 050207 economics Business and International Management 050203 business & management Industrial organization |
Zdroj: | The Journal of Technology Transfer. 46:686-700 |
ISSN: | 1573-7047 0892-9912 |
DOI: | 10.1007/s10961-020-09796-4 |
Popis: | When competition takes place in homogenous product markets between firms based in heterogeneous factor markets, the strategic introduction of biased technological change, directed towards the intensive use of factors that are locally and exclusively cheaper, can increase knowledge appropriability. The appreciation of the strategic direction of technological change widens the role of the Schumpeterian creative response in international trade and enables to grasp the central role of process innovations. The econometric analysis at the industry level of 13 OECD countries from 1995 to 2015 supports the hypotheses that openness to trade stirs the creative response and that process innovations, together with product innovations, account for the trade surplus. |
Databáze: | OpenAIRE |
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