External and internal knowledge in the knowledge generation function

• Autores: Cristiano Antonelliab, Alessandra Colombelliac
• Localización: Industry and Innovation, ISSN-e 1469-8390, Vol. 22, Nº. 4, 2015, págs. 273-298
• Idioma: inglés
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• Resumen

  • This paper explores the role of internal and external knowledge in the generation of new technological knowledge. It implements the notion of recombinant knowledge generation function with the appreciation of: (i) the complementary—as opposed to supplementary—role of external knowledge and (ii) the role of the size and composition of the internal stock of knowledge. The empirical section is based upon a panel of companies listed on the main European financial markets for the period 1995–2006. The econometric analysis is based on simultaneous equations. The results confirm that R&D efforts and external knowledge are indispensable inputs into the generation of new technological knowledge