The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950–1994

Antonelli, Cristiano; Amidei, Federico Barbiellini; Fassio, Claudio

doi:10.1016/j.strueco.2014.08.004

Cited by 38 publications

(29 citation statements)

References 32 publications

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“…The relevant channels seem to be indirect and precisely going through pecuniary knowledge externalities, stemming from the inter-sectoral and knowledge-intensive relations (Gehringer 2011). Indeed, thanks to the peculiar characteristics of knowledge, its limited appropriability, non-exhaustibility, limited excludability, knowledge externalities occur and drive the dynamics of the economic systems (Antonelli 2008;Antonelli, Barbiellini Amidei, and Fassio 2014). The effects of the internal R&D activity are hard to capture as the effects are not only indirect but lagged as innovation reacts with unknown but most probably large lags to investment in R&D. 11 Another strand of endogenous growth models emphasizes the role of HC in fostering productivity (Lucas 1998;Romer 1986).…”

Section: Tfp Development Across Sectors and Eu Countries: Stylized Factsmentioning

confidence: 99%

What are the drivers of total factor productivity in the European Union?

Gehringer¹,

Martínez‐Zarzoso

Danzinger

2015

Economics of Innovation and New Technology

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This paper examines the evolution of total factor productivity (TFP) over time, as well as across countries and sectors, and investigates its determinants. To this end, a panel data set of 17 European Union (EU) countries and 13 sectors over the period 1995-2007 is used as part of a twofold approach. First, we estimate aggregate and sectoral TFP for 17 EU countries by means of the augmented mean group estimator to control for endogeneity, cross-section dependence and heterogeneous production technologies. Second, we investigate the relative importance of the drivers of predicted TFP using a dynamic ordinary least-squares estimator. The results indicate that rationalization, human capital and information and communication technologies are the main drivers of TFP. ARTICLE HISTORY

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Section: Tfp Development Across Sectors and Eu Countries: Stylized Factsmentioning

confidence: 99%

What are the drivers of total factor productivity in the European Union?

Gehringer¹,

Martínez‐Zarzoso

Danzinger

2015

Economics of Innovation and New Technology

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“…12 See Antonelli et al (2014) and Antonelli, Scellato (2015) for complementary evidence. This interpretation for which we acknowledge the suggestion of one of the anonymous referees might be the object of further empirical investigations on a comparative basis.…”

Section: Resultsmentioning

confidence: 99%

Productivity growth persistence: firm strategies, size and system properties

2015

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ABSTRACT.This paper investigates the dynamics of productivity in a large sample of Italian manufacturing firms, focusing on the determinants of firm-level persistence in time of high Total Factor Productivity (TFP) growth rates relative to the corresponding sectoral distributions. In particular, we assess the impact of both the internal characteristics of companies, including size and management strategies, and external systemic conditions, including business cycles and regional innovation performance. In order to disentangle the effects of the mix of internal and systemic factors in shaping firm-level persistence, we implement both Transition Probability Matrices and dynamic probit models. Results reveal the presence of significant persistence in TFP growth rates. Such persistence turns out to be path dependent since it is shaped by a number of complementary and contingent factors that locally affect the dynamics of the process.

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“…SOEs are also largely present in high developed countries like Finland, Sweden (Clifton et al, 2006;Tõnurist and Karo, 2016), France (Levy, 1999) and Italy. In Italy, SOEs were the main instrument to nurture economic development and to support economic growth (Antonelli et al, 2014;Clò et al, 2016) A pivotal element of the SOE model in Italy was IRI (Amatori and Toninelli, 2011), a public holding established in 1933 and dismantled in 2002.…”

Section: State Owned Enterprisesmentioning

confidence: 99%

State-owned enterprises as knowledge-explorer agents

Benassi

Landoni

2018

Industry and Innovation

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This paper deals with the role of the State Owned enterprises (SOEs) in innovation processes. Only a few studies focus on the contribution SOEs as companies might give to produce new knowledge and technological innovation. We argue, however, that SOEs are a pillar of the innovation process and we explore conditions that can make SOEs very effective. Through two in-depth case studies in two different industries (STMicroelectronics in the semiconductor and Thales Alenia Space in the space industry) we illustrate how SOEs can contribute to innovation by exploring new opportunities and recombining different sources of knowledge. We highlight the conditions that can make exploration and recombination possible. We also highlight the ability of the two companies to change their boundaries through a continuous wave of agreements, mergers and acquisitions. This way, they were able to expand beyond their domains in a way that matched the evolution of their original industries.

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The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950–1994

Cited by 38 publications

References 32 publications

What are the drivers of total factor productivity in the European Union?

What are the drivers of total factor productivity in the European Union?

Productivity growth persistence: firm strategies, size and system properties

State-owned enterprises as knowledge-explorer agents

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