Abstract

ANTONELLI, Cristiano. The Engines of the Creative Response: Reactivity and Knowledge Governance. Econ: teor. práct [online]. 2017, n.47, pp.9-30. ISSN 2448-7481.  https://doi.org/10.24275/etypuam/ne/472017/antonelli.

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.

Keywords : Creative response; Endogenous innovation; Reactivity; Knowledge externalities; Knowledge governance mechanisms.

        · abstract in Spanish     · text in English     · English ( pdf )