Autore:
Antonelli, Cristiano Titolo:
The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950-1994Periodico:
Università degli Studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis LEI & BRICK - Lab. Di economia dell'innovazione 'Franco Momigliano', Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP seriesAnno:
2012 - Volume:
5 - Fascicolo:
10 - Pagina iniziale:
1 - Pagina finale:
40The grafting of the tools of communication studies on the economics of knowledge helps to investigate the mechanisms of knowledge governance. The actual economic benefits stemming from knowledge externalities depend on the characteristics of a) their sources, b) the context in which spillovers take place, c) the possible recipients. In the Italian experience between 1950-1992, state owned enterprises (SOE) have been one of the most effective mechanisms of knowledge
governance. Italian SOE were very effective emissaries of knowledge externalities as
they imitated the US corporate model of intramuros R&D laboratories and yet were
characterized by an objective function based upon output maximization under the
constraint of average profitability. Their support to the growth of the system was
crucial not only with respect to the creation of basic infrastructure but also as active players in implementing effective mechanisms of knowledge governance. Research
activities carried out by SOE were mainly based in upstream industries, with multiple
user-producer interactions with firms active in downstream industries, and aimed at
implementing a knowledge base characterized by high levels of generic content and a
wide scope of application. Moreover the specific objective function of SOE favoured
higher levels of knowledge generation than exploitation. These characteristics helped
disseminate relevant knowledge externalities that played a strong and positive role on
total factor productivity in the second part of the XX century in Italy. Their role was
stronger than the knowledge externalities stemming from research activities carried
out by private firms
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