The Economic Impact of Spillovers from R&D and Innovation
In light of globalisation of knowledge generation, Science and Technology have opened up previously distinct borderlines now favoring overlapping if not merged fields. Hence innovation becomes more complex by bundling different technological solutions in new products, processes, services and busine...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2012-12-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19475 |
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| author | Dirk Meissner |
| author_facet | Dirk Meissner |
| author_sort | Dirk Meissner |
| collection | DOAJ |
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In light of globalisation of knowledge generation, Science and Technology have opened up previously distinct borderlines now favoring overlapping if not merged fields. Hence innovation becomes more complex by bundling different technological solutions in new products, processes, services and business models, which stem from different scientific and technological roots. Thus spillovers are an essential precondition towards the establishment of new interdisciplinary fields of knowledge, science and technology.
The paper reviews and synthesizes literature on spillovers, introduces a typology of spillovers and a taxonomy of spillover channels, estimates the economic impact of spillovers. Special attention is paid to assessing recipient’s capabilities to absorb new knowledge thus gaining advantages for own development.
The author concludes that knowledge spillovers have a positive impact on performance of a recipient (company, country or region) as long as it possesses sufficient absorptive capacity. Spillovers might under certain circumstances lead to strengthening competition between knowledge recipients at the cost of the place of origin. Nonetheless the latter still is in a position to use instruments of legal protection of own knowledge (under certain circumstances), build on the existing competences and capacities and invest in the next frontier of knowledge and technology in certain fields and moreover create a boom in the field of knowledge and technology generated using marketing instruments extensively.
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| format | Article |
| id | doaj-art-bbb3f0243e75468c85bcbfdd6db1e352 |
| institution | Kabale University |
| issn | 2500-2597 |
| language | English |
| publishDate | 2012-12-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-bbb3f0243e75468c85bcbfdd6db1e3522025-08-20T03:32:19ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972012-12-016410.17323/1995-459X.2012.4.20.31The Economic Impact of Spillovers from R&D and InnovationDirk Meissner0HSE University In light of globalisation of knowledge generation, Science and Technology have opened up previously distinct borderlines now favoring overlapping if not merged fields. Hence innovation becomes more complex by bundling different technological solutions in new products, processes, services and business models, which stem from different scientific and technological roots. Thus spillovers are an essential precondition towards the establishment of new interdisciplinary fields of knowledge, science and technology. The paper reviews and synthesizes literature on spillovers, introduces a typology of spillovers and a taxonomy of spillover channels, estimates the economic impact of spillovers. Special attention is paid to assessing recipient’s capabilities to absorb new knowledge thus gaining advantages for own development. The author concludes that knowledge spillovers have a positive impact on performance of a recipient (company, country or region) as long as it possesses sufficient absorptive capacity. Spillovers might under certain circumstances lead to strengthening competition between knowledge recipients at the cost of the place of origin. Nonetheless the latter still is in a position to use instruments of legal protection of own knowledge (under certain circumstances), build on the existing competences and capacities and invest in the next frontier of knowledge and technology in certain fields and moreover create a boom in the field of knowledge and technology generated using marketing instruments extensively. https://foresight-journal.hse.ru/article/view/19475research and developmentinnovation activityknowledge spilloversspillover impactspillover channels |
| spellingShingle | Dirk Meissner The Economic Impact of Spillovers from R&D and Innovation Foresight and STI Governance research and development innovation activity knowledge spillovers spillover impact spillover channels |
| title | The Economic Impact of Spillovers from R&D and Innovation |
| title_full | The Economic Impact of Spillovers from R&D and Innovation |
| title_fullStr | The Economic Impact of Spillovers from R&D and Innovation |
| title_full_unstemmed | The Economic Impact of Spillovers from R&D and Innovation |
| title_short | The Economic Impact of Spillovers from R&D and Innovation |
| title_sort | economic impact of spillovers from r d and innovation |
| topic | research and development innovation activity knowledge spillovers spillover impact spillover channels |
| url | https://foresight-journal.hse.ru/article/view/19475 |
| work_keys_str_mv | AT dirkmeissner theeconomicimpactofspilloversfromrdandinnovation AT dirkmeissner economicimpactofspilloversfromrdandinnovation |