Economics of Innovation, 2019-2020

Economics of Innovation

 

InstructorsMichael Keller and Andrea Vezzulli

Office hours: Please contact the instructor via email to schedule a meeting

Course composition: The course is composed of frontal class and class activities

Aim: This class aims at developing a sound understanding of the mechanisms linking innovation with the evolution of the economic system at different levels 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 on Part A (Vezzulli) - (weight 25%)

2) Group work 2: presentation + written report on Part B (Keller) – (weight 50%)

3) Group work 3: debate. (+0/1 point in the final evaluation)

4) Exam: 2 questions on part A (Vezzulli) 

  • Students participating in Group work 1 can choose to answer only 1 out of the 2 questions on part A (in ½ hour) – (weight 25%).
  • Students not participating in Group work 1 must answer both questions on part A (in 1 hour) – (weight 50%).

Evaluation (non-attending students):

Written exam: 4  questions (2 hours) - 2 on part A (Vezzulli) and 2 on part B (Keller)

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Prof. Keller's message

Readings and slide for Michael Keller's part: https://bit.ly/3778tcz.

 

 

 #/Date

Title

Instructor

Suggested Readings

Part A: Prof. Vezzulli

1

20/09

Intro: Basic definitions

Vezzulli

Dosi, G., & Nelson, R. R. (2010). Technical change and industrial dynamics as evolutionary processes. Chapter 3 in Handbook of the Economics of Innovation, 1, 51-127

2

20/09

Intro: Innovation and Science

Vezzulli

Nelson R.R. (1959). "The Simple Economics of Basic Scientific Research," Journal of Political Economy, 67: 297-297

Nelson R.R., (2006). "Reflections on "The Simple Economics of Basic Scientific Research": looking back and looking forward," Industrial and Corporate Change, 15(6): 903-917.

3

30/9

Innovation and Growth

Vezzulli

Greenhalgh, C., & Rogers, M. (2010). Innovation, intellectual property, and economic growth. Princeton University Press    (Chapters 8 and 9)

Feenstra R.C., (1998) "Integration of Trade and Disintegration of Production in the Global Economy", Journal of Economic Perspectives, 12(4):31-50.

4

30/9

Innovation and Globalization

Vezzulli

5

11/10

The industry life cycle

Vezzulli

Klepper S. (1997). “Industry Life Cycles”, Industrial and Corporate Change, 6(1):145–182.

6

4/10

Industry characteristics: Techno regimes

Vezzulli

Breschi S., Malerba F., Orsenigo L. (2000). "Technological regimes and Schumpeterian patterns of innovation." The Economic Journal 110(463): 388-410.

7

4/10

Market structure: Neo-Schumpeterian Hypothesis

Vezzulli

Greenhalgh, C., & Rogers, M. (2010). Innovation, intellectual property, and economic growth. Princeton University Press   (Chapter 5)

8

11/10

Diffusion of Innovation

Vezzulli

Geroski, P. A., (2000). "Models of technology diffusion," Research Policy, 29(4-5):603-625.

9

18/10

Strategic Patenting

Vezzulli

Hall, B., Helmers, C., Rogers, M. and Sena, V. (2014). "The choice between formal and informal intellectual property: a review". Journal of Economic Literature, 52(2):.375-423.

10

18/10

Patents and the Market for Technology

Vezzulli

Arora, A. and Gambardella, A., (2010). "The market for technology". In Handbook of the Economics of Innovation, Vol. 1: 641-678

11

8/11

The debate about the Patent System

Vezzulli

Encaoua, D., Guellec, D. and Martinez, C., (2006) “Patent Systems for Encouraging Innovation: Lessons from Economic Analysis”.  Research Policy, 35 1423–1440.

Boldrin, M. and Levine, D.K., (2013). "The case against patents". Journal of Economic Perspectives, 27(1): 3-22.

12

8/11

Debate

Vezzulli

 

Part B: Prof. Keller

13

14/11

Innovation and location

Keller

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

14

14/11

Innovation and location

Keller

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

15

15/11

RIS 3

Keller

Foray, D. (2018). Smart specialisation strategies as a case of mission-oriented policy—a case study on the emergence of new policy practices. Industrial and Corporate Change, 2018, 1–16

16

15/11

RIS 3

Keller

Hausman, Hidalgo et al. The Altas of Economic Complexity

17

21/11

RIS 3

Keller

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.

18

21/11

Innovation and the firm

Keller

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

19

28/11

Innovation and the firm

Keller

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

20

28/11

Innovation and the firm

Keller

Clayton M. Christensen et al. (2018). Disruptive Innovation: Intellectual History and Future Paths. Journal of Management Studies. Volume 55, Issue 7.

21

6/12

Student presentations

Vezzulli

 

22

6/12

Student presentations and wrap up

Keller

 

23

13/12?

Exam

Vezzulli

 

 

 

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