Abstract
Knowledge and technological innovation play a crucial role in economic activities. While this has long been recognized by managers, scientists and engineers it is only really since the early 1980s that economists have devoted much effort to studying the way in which knowledge leads to the generation and diffusion of technological innovation. This attention has, however, produced a vast literature which has begun to shed some light into the ‘black box’ of the relationship between technology and the productive process (see, in particular, Rosenberg,). The initial hypotheses in a handful of pioneering works during the 1950s and 1960s on the economic determinants and impact of innovation have since been corroborated by a substantial amount of theoretical and empirical research.1
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Archibugi, D., Michie, J. (2003). Technological Globalization of National Systems of Innovation. In: Paganetto, L., Phelps, E.S. (eds) Finance, Research, Education and Growth. Palgrave Macmillan, London. https://doi.org/10.1057/9781403920232_8
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DOI: https://doi.org/10.1057/9781403920232_8
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