Knowledge Complementarity and Fungeability: Implications for Regional Strategy
TL;DR: In this paper, the authors consider knowledge complexity and fungeability as two specific aspects of knowledge indivisibility and find that both of them are the cause of increasing returns in the generation of knowledge and the governance of the distribution of knowledge instead is affected by decreasing returns to the variety of elements of knowledge.
read more
Abstract: A NTONELLI C. (2003) Knowledge complementarity and fungeability: implications for regional strategy, Reg. Studies 37 , 595-606. Complexity and fungeability are two specific aspects of knowledge indivisibility. Complexity matters when the production of new knowledge requires the combination of diverse and yet complementary bits of knowledge. Fungeability is found when some units of knowledge can apply in a variety of different contexts, different products and different processes. Both knowledge complexity and knowledge fungeability are the cause of increasing returns in the generation of knowledge. The governance of the distribution of knowledge instead is affected by decreasing returns to the variety of elements of knowledge. Exchanges in the markets for knowledge are limited by transaction costs. Internalization of different bits of knowledge is constrained by coordination costs. Firms can take advantage of knowledge complexity and fungeability by means of networking in regional space. A NTONELLI C. (200...
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
Entrepreneurship, Innovation and Industrial Development: Geography and the Creative Field Revisited
TL;DR: In this article, the authors investigated the creative field, i.e., the locationally-differentiated web of production activities and associated social relationships that shapes patterns of entrepreneurship and innovation in the new economy.
459
Resources in economic geography: from substantive concepts towards a relational perspective
Harald Bathelt,Johannes Glückler +1 more
TL;DR: In this article, the authors argue that a conventional, substantive understanding implies a number of shortcomings which can be overcome through the application of a relational conception of resources, and they conclude that a relational concept reflects the contextual and interactive nature of the selection, use, and formation of resources.
Managing knowledge assets under conditions of radical change: The case of the pharmaceutical industry
M. Allarakhia,Steven T. Walsh +1 more
TL;DR: An IP model is distil from this effort an IP model—the transition point model—designed to assist firms to effectively manage both knowledge assets and the associated intellectual property in the current paradigm.
120
Does experience matter? innovations and the productivity of information and communication technologies in German services
TL;DR: In this article, it is argued that investments in information and communication technologies (ICT) are closely linked to complementary innovations and are most productive in firms with experience from earlier innovations and there is strong support for the hypothesis that experience gained from past process innovations makes ICT capital more productive but does not affect the productivity of other capital goods.
77
References
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
The Nature of the Firm
TL;DR: In this paper, it is shown that a definition of a firm may be obtained which is not only realistic in that it corresponds to what is meant by a firm in the real world, but is tractable by two of the most powerful instruments of economic analysis developed by Marshall, the idea of the margin and that of substitution.
23.4K
•Posted Content
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
18.1K
•Book
Markets and Hierarchies: Analysis and Antitrust Implications
Oliver E. Williamson
- 01 Jan 1983
16.8K