External and Internal Knowledge in the Knowledge Generation Function
Year: 2015
Type: article
Abstract: 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.
Source: Industry and Innovation
Institutions: Collegio Carlo Alberto, University of Turin, Politecnico di Torino
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1555548915