Economics of Innovation 2017-2018

Economics of Innovation

Teacher: Marco Guerzoni (mguerzoni@liuc.it)

Office hours: Thursday, 10.00-12.00

Aim: This class aims at developing a sound understanding of the mechanisms linking innovation with the evolution of the economic system at different level of aggregation. The class blends frontal lecture with other activities in order to help students to practice the key concepts of the area.

Evaluation (attending students):

1) Group work 1: student presentations (weight 20%)
2) Group work 2: term paper (weight 30%)
3) Group work 3: debate. (+0/2 point in the final evaluation)
4) Exam: open questions (2 out of the 5 presented to attending students) (weight 50%).

The final grade is the weighted average of the results obtained in 1,2,4 plus points gained in 3. 

Non-attending students: please contact the instructor

Registering for the group work and material:

FORM:    https://goo.gl/forms/1UlJYW9TfEZXrsls2
Compile the form by the 12.10.2017

MATERIAL:  http://tiny.cc/ecoinno
You find slides, readings and more.

Course program with reading list:

#

Title

Reading

1

A brief Introduction

 

2

Why Britain first

Mokyr, Joel. "Accounting for the industrial revolution." The Cambridge economic history of modern Britain 1 (2004): 1-27.

3

Innovation and growth

Acemoglu, Daron, Simon Johnson, and James A. Robinson. The colonial origins of comparative development: An empirical investigation. No. w7771. NBER, 2000.

4

Innovation and growth 2

Jones, C. (1999) "Growth: With or Without Scale Effects?" American Economic Review Papers and Proceedings, 89, 139-144

5

Growth and Complexity

Hausman, Hidalgo et al., The Altas of Economic Complexity, Harvard-MIT

6

Technology and Unemployment

Keynes, J.M., The Economic Possibilities of our Grandchildren,  in Essays in Persuasion (New York: Harcourt Brace, 1932), 358-373

7

Schumpeterian Hypothesis B

Acs, Zoltan J., and David B. Audretsch. "Testing the Schumpeterian hypothesis." Eastern Economic Journal 14.2 (1988): 129-140.

8

Sectoral patterns of innovation

Breschi, Stefano, Franco Malerba, and Luigi Orsenigo. "Technological regimes and Schumpeterian patterns of innovation." The Economic Journal 110.463 (2000): 388-410.

9

The industry life cycle

Utterback, James M., and William J. Abernathy. "A dynamic model of process and product innovation." Omega 3.6 (1975): 639-656.

10

The innovative firm

Hodgson, Geoffrey M. "Evolutionary and competence-based theories of the firm." Journal of Economic Studies 25.1 (1998): 25-56.

11

Firms dynamics A

 

12

Firms dynamics B

 

13

The source of innovation

Dosi, Giovanni. "Technological paradigms and technological trajectories: a suggested interpretation of the determinants and directions of technical change." Research Policy 11.3 (1982): 147-162.   AND

Guerzoni, Marco. "The impact of market size and users' sophistication on innovation: the patterns of demand and the technology life cycle." (2007).

14

Disruptive Innovation

Disruptive Innovation: Intellectual origin (material provided)

 

   

15

Diffusion A

Rogers (2010), Diffusion of Innovation, Chapter 3

16

Diffusion B

 Slides only

17

Diffusion: case study

 Slides only

18

National System of Innovation

Freeman, Chris. "The ‘National System of Innovation’ in historical perspective." Cambridge Journal of economics 19.1 (1995): 5-24.

19

Technology Policy

Metcalfe, J. Stanley. "Evolutionary economics and technology policy." The Economic Journal 104.425 (1994): 931-944.

     20

Policy Evaluation

Guerzoni, Marco, and Emilio Raiteri. "Demand-side vs. supply-side technology policies: Hidden treatment and new empirical evidence on the policy mix." Research Policy 44.3 (2015): 726-747.

       21

Preparation for debate

 

22

Student presentation

 

23

Student presentation

 

24

debate

 

25

Innovation and space

Audretsch, David B., and Maryann P. Feldman. "R&D spillovers and the geography of innovation and production."  The American Economic Review 86.3 (1996): 630-640.

26

Innovation and space: the creative city