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ECONOMICS OF INNOVATION

Academic year and teacher
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Versione italiana
Academic year
2018/2019
Teacher
UGO RIZZO
Credits
7
Curriculum
Green economy and sustainability
Didactic period
Primo Semestre
SSD
SECS-P/01

Training objectives

The course aims at: 1) providing a solid background in economics of innovation, and 2) highlighting the main topics in the literature of economics of innovation.
Competence: relative to the first objective, the course covers the main issues related to technological change and technical progress: definitions, sources of innovation, indicators for measuring innovation, methodological issues. As for the second objective, the course addresses some specific issues closely related to the economics of innovation: entrepreneurship, innovative start-ups, technology transfer, economic effects of innovations, and measurements.
Skills: Students will learn how to recognize and measure the innovation process, also according to the different nature of the innovation and the contexts under scrutiny. Students will also be able to recognize and analyze the main indicators that characterize an innovative process.

Prerequisites

no prerequisite

Course programme

The course aims to provide students with tools for analyzing and learning the main concepts and developments in the economics of innovation.
The main topics will be covered through the provision of a syllabus made by the teachers. The topics are:

1. Analysis of the process of invention, innovation and diffusion;
2. Sources, barriers and drivers;
3. History of Economics of innovation;
4. Open Innovation and Systems of innovation;
5. Innovation and competitiveness;
6. Innovation and employment;
7. Methodologies in economics of innovation;
8. Economics of science and technology transfer;
9. Intellectual property;
10. Entrepreneurship;
11. Policies for innovation

Didactic methods

Lectures

Learning assessment procedures

Essay to be agreed with the teachers at least one month before the date of the selected exam and oral examination on the course topics. The essay need to ground on at least one topic addressed in the course.

Reference texts

Aghion, P., Bloom, N., Blundell, R., Griffith, R., and Howitt, P. (2005). Competition and Innovation: an Inverted-U Relationship. The Quarterly Journal of Economics 120, 701–728.

Alvarez, S.A., and Barney, J.B. (2007). Discovery and creation: alternative theories of entrepreneurial action. Strategic Entrepreneurship Journal 1, 11–26.

Autor, D.H., Levy, F., and Murnane, R.J. (2003). The Skill Content of Recent Technological Change: An Empirical Exploration. The Quarterly Journal of Economics 118, 1279–1333.

Chesbrough, H. W. (2006). Chapter 1. Open Innovation: a new paradigm for understanding industrial innovation - in Chesbrough, H. W., Vanhaverbeke, W., & West, J. (Eds.). (2006). Open innovation: researching a new paradigm. Oxford: Oxford University Press.

David, P. (2003) "Can Open Science be Protected from the Evolving Regime of IPR Protections?", Journal of Institutional and Theoretical Economics. Vol. 160, No. 1, pp. 9-34

Edler, J., and Fagerberg, J. (2017). Innovation policy: what, why, and how. Oxford Review of Economic Policy 33, 2–23.

Fagerberg, J. (2003). Schumpeter and the revival of evolutionary economics: an appraisal of the literature. Journal of Evolutionary Economics 13, 125–159.

Griliches, Z. (1979). Issues in Assessing the Contribution of Research and Development to Productivity Growth. The Bell Journal of Economics 10, 92.

Griliches, Z. (1998). Chapter 13. Patent Statistics as Economic Indicators: A Survey - in Griliches, Z. (1998). R&D and productivity: the econometric evidence. Chicago: University of Chicago Press.

Jaffe, A. B. (1989). Real Effects of Academic Research. The American Economic Review, Vol. 79, No. 5, pp. 957-970

Leydesdorff, L., and Fritsch, M. (2006). Measuring the knowledge base of regional innovation systems in Germany in terms of a Triple Helix dynamics. Research Policy 35, 1538–1553.

Nelson, R.R. (2003). On the uneven evolution of human know-how. Research Policy 32, 909–922.

Nelson, R.R. (2004). Why and how innovations get adopted: a tale of four models. Industrial and Corporate Change 13, 679–699.

Rosenberg, N. (1972). Factors affecting the diffusion of technology. Explorations in Economic History 10, 3–33.

Sauermann, H., and Stephan, P. (2013). Conflicting Logics? A Multidimensional View of Industrial and Academic Science. Organization Science 24, 889–909.

Shane, S., Venkataraman, S. (2000), “The promise of entrepreneurship as a field of research”, Academy of Management Review. Vol. 25, No. 1 (Jan., 2000), pp. 217-226

Swann, G. M. P. (2009). Chapter 3. Basic concepts in innovation - in Swann, G. M. P. (2009). The economics of innovation: an introduction. Cheltenham: Edward Elgar.

Swann, G. M. P. (2009). Chapter 4. Process innovation - in Swann, G. M. P. (2009). The economics of innovation: an introduction. Cheltenham: Edward Elgar.

Swann, G. M. P. (2009). Chapter 5. Product innovation - in Swann, G. M. P. (2009). The economics of innovation: an introduction. Cheltenham: Edward Elgar.

Swann, G. M. P. (2009). Chapter 7. Network effect and standards - in Swann, G. M. P. (2009). The economics of innovation: an introduction. Cheltenham: Edward Elgar.

Teece, D.J. (1986). Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Research Policy 15, 285–305.