Topic outline

  • Syllabus

    InstructorsMichael Keller and Andrea Vezzulli

    Office hours: TBA

    Course composition: The course is composed by 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 (weight 20%)

    2) Group work 2: term paper (weight 30%)

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

    4) Exam: open questions (2 out of the 4 presented to attending students) (weight 50%).

     

    Evaluation (non-attending students):

    Exam: 4 open questions

     

     

    Title

    Instructor

    Readings

    1

    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

    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

    Innovation and Growth

    Vezzulli

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

    4

    Innovation and Globalization

    Vezzulli

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

    Gereffi G., J. Humphrey, T. Sturgeon, (2005) "The governance of global value chains", Review of International Political Review of International Political Economy, 12(1): 78–104.

    5

    Market structure: Neo-Schumpeterian Hypothesis

    Vezzulli

    Acs Z. J., and Audretsch D.B. (1988). "Testing the Schumpeterian hypothesis." Eastern Economic Journal 14(2): 129-140.

    6

    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

    The industry life cycle

    Vezzulli

    Utterback,J. M., and Abernathy W.J. (1975). "A dynamic model of process and product innovation." Omega 3(6): 639-656.

    8

    Diffusion of Innovation

    Vezzulli

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

    9

    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.

    Grimpe, C. and Hussinger, K., (2014). "Pre-empted patents, infringed patents and firms’ participation in markets for technology". Research Policy, 43(3):543-554.

    10

    Patents and the Market for Technology

    Vezzulli

    Lamoreaux, N.R. and Sokoloff, K.L., (2002). "Intermediaries in the US Market for Technology", National bureau of economic research. (No. w9017).

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

    11

    The debate about the Patent System

    Vezzulli

    Machlup F., Penrose E. (1950), “The Patent Controversy in the Nineteenth Century”, Journal of Economic History, 10(1):1-29.

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

    12

    Debate

    Vezzulli

     

    13

    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

    Innovation and location

    Keller

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

    15

    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

    RIS 3

    Keller

    Hausman, Hidalgo et al. The Altas of Economic Complexity

    17

    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

    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

    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

    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

    Student presentations

    Keller

     

    22

    Student presentations and wrap up

    Keller

     

    23

    Exam

    Vezzulli