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ISCTE-IUL  >  Education  >  LE

Economics of Innovation and Knowledge (1 º Sem 2016/2017)

Code: L5020
Acronym: L5020
Level: 1st Cycle
Basic: No
Teaching Language(s): English, Portuguese
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 36.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 37.0 h/sem 113.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2016/2017
Pre-requisites Microeconomics
Objectives This course aims to develop skills that allow developing knowledge and understanding of the major role played by knowledge and innovation in contemporary economies, at country, region and firm levels, in order to be able to critically analyze European and domestic standing and policies and to mobilize innovation for economic and social problem solving at different levels.
Program 1. Introduction
1.1 An overview of the knowledge economy
1.2 Long cycles

2. Main Concepts and Indicators
2.1 Innovation, technology and knowledge
2.2 Intellectual property rights
2.3 Indicators and sources
2.4 The cases of Portugal and the EU

3. Innovation and Diffusion Process
3.1 Innovation models
3.2 Innovation systems
3.3 Diffusion models
3.4 Technological catching-up

4. Firms and Innovation
4.1 The innovative firm
4.2 Technological entrepreneurship
4.3 Sectors

5. Innovation and Environmental Sustainability
5.1 The contribution of innovation to sustainability
5.2 The transition to sustainability

6. S&T, Innovation and Diffusion Policy
6.1 Rationale for public intervention: market and system failures
6.2 S&T policy
6.3 Innovation and diffusion policy
6.4 The EU case
6.5 The Portuguese case
Evaluation Method Performance evaluation includes the following elements:
An intermediate test (50%) and a group essay (50%). Or an intermediate test (50%) and a final test (50%). The minimum grade of each is 8.0.
Minimum attendance rate required in this course: 80% of the lectures.
A final exam.
Teaching Method Expositional and practice oriented classes (TP); search for information on the Net and in libraries; elaboration and presentation of a written work group by the students; individual tests; tutorial support.
Observations The group essay presentation by the students organized in teams of 3 or 4 has been a very interesting experience.
Basic Bibliographic - Fagerberg, J., Mowery, D. C. and Nelson, R. R. (eds.) (2005), The Oxford Handbook of Innovation, Oxford, Oxford University Press.
- Hall, B. and Rosenberg, N. (eds.) (2010), Handbook of the Economics of Innovation, Amesterdam, Elsevier.

Complementar Bibliographic - Abramovitz, M. and David, P.A. (1996), "Convergence and deferred catch-up: Productivity leadership and the waning of American exceptionalism", in Landau, R., Taylor, T. and Wright, G. (eds.) (1996), The Mosaic of Economic Growth, Stanford, Stanford University Press, pp.21-62.
- Amable, B., Barré, R., Boyer, R. (1997), Les systèmes d'innovation à l'ère de la globalisation, Paris, Economica.
- Archibugi, D. and Lundvall, B.A. (eds.) (2001), The Globalizing Learning Economy, Oxford University Press.
- Arrow, K.J. (1962), "Economic welfare and the allocation of resources for invention", in Nelson, R.R. (ed.), The Rate and Direction of Inventive Activity: Economic and Social Factors, pp.609-626, Cambridge, Massachusetts, NBER.
- Artis, M. and Nixson, F. (eds.) (2007), The Economics of the European Union, 4th edition, Oxford, Oxford University Press.
- Borrás, S. and Edquist, C. (2013), "The choice of innovation policy instruments", Technological Forecasting & Social Change, Vol.80, No.8, pp.1513-1522.
- Caraça, J. (2001), O que é ciência, 2nd edition, s. l., Quimera.
- Colombo, M.G., Grilli, L., Piscitello, L. and Rossi-Lamastra, C. (eds.) (2011), Science and Innovation Policy for the New Knowledge Economy, Cheltenham, Edward Elgar.
- Dolfsma, W. and Seo, D. (2013), Government policy and technological innovation - a suggested typology, Technovation, Vol.33, Nos.6-7, pp.173-179.
- Dolfsma, W. and Soete, L. (orgs.) (2006), Understanding the Dynamics of a Knowledge Economy, Cheltenham, Edward Elgar.
- Dosi, G., Freeman, C., Nelson, R.R., Silverberg, G. and Soete, L. (eds.) (1988), Technical Change and Economic Theory, London, Pinter Publishers.
- Edquist, C. (ed.), Systems of Innovation - Technologies, Institutions and Organizations, Pinter.
- Etzkowitz, H. and Leydesdorff, L. (2000), "The dynamics of innovation: from National Systems and 'Mode 2' to a Triple Helix of university-industry-government relations", Research Policy, Vol.29, No.2, pp.109-123.
- Fagerberg, J., Guerrieri, P. and Verspagen, B. (eds.) (1999), The Economic Challenge for Europe - Adapting to Innovation Based Growth, Cheltenham, Edward Elgar.
- Freeman, C. (org.) (1990), The Economics of Innovation, Aldershot, Edward Elgar.
- Freeman, C. and Louçã, F. (2001), As Time Goes by - From the Industrial Revolution to the Information Revolution, Oxford, Oxford University Press (Portuguese edition: Ciclos e Crises no Capitalismo Global - Das Revoluções Industriais à Revolução da Informação, Porto, Edições Afrontamento, 2004).
- Freeman, C. and Soete, L. (1997), The Economics of Industrial Innovation, Londres, Pinter Publishers, 3rd edition.
- Gallouj, F. and Savona, M. (2009), Innovation in services: a review of the debate and a research agenda, Journal of Evolutionary Economics, Vol.19, No.2, pp.149-172.
- Geels, F. W. (2004), "From sectoral systems of innovation to socio-technical systems", Research Policy, Vol. 33, No. 6-7, pp. 897-920.
- Geels, F.W. and Kemp, R. (2007), "Dynamics in socio-technical systems: Typology of change processes and contrasting case studies", Technology in Society, Vol. 29, No.4, pp.441-455.
- Geels, F., Hekkert, M. and Jacobsson, S. (eds.) (2011), The Dynamics of Sustainable Innovation Journeys, Abingdon, Oxon, UK and New York, Routledge.
- Godinho, M.M. (2013), Inovação em Portugal, Lisboa, Fundação Francisco Manuel dos Santos.
- Godinho, M. M. and Caraça, J.M.G. (eds.) (1999), O Futuro Tecnológico: Perspectivas para a Inovação em Portugal, Oeiras, Celta.
- Grupp, H. (1998), Foundations of the Economics of Innovation, Cheltenham, Edward Elgar.
- Huizingh, E.K.R.E. (2011), "Open Innovation: State of art and future perspectives", Technovation, Vol.31, No. 1, pp.2-9.
- Klein Woolthuis, R., Lankhuizen, M. and Gilsing, V. (2005), "A system failure framework for innovation policy design", Technovation, Vol.25, No.6, pp.609-619.
- Kline, S.J. and Rosenberg, N. (1986), "An Overview of Innovation", in Landau, R. and Rosenberg, N. (eds.), The Positive Sum Strategy, Washington, DC, National Academy of Sciences, pp.275-305.
- Laranja, M.D. (2007), Uma nova política da inovação em Portugal? A justificação, o modelo e os instrumentos, Coimbra, Edições Almedina.
- Lundvall, B.A. (ed.) (1992), National Systems of Innovation, London, Pinter Publishers.
- Lundvall, B.A., Joseph, K.J., Chaminade, C. and Vang, J. (eds.) Handbook of Innovation Systems and Developing Countries, Cheltenham, and Northampton, MA, Edward Elgar.
- Mustar, P., Renault, M., Colombo, M.G., Piva, E., Fontes, M., Lockett, A., Wright, M., Clarysse, B. and Moray, N. (2006), Conceptualising the heterogeneity of research-based spin-offs: A multi-dimensional taxonomy, Research Policy, Vol.35, No.2, pp.289-308.
- Nelson, R.R. (1959), "The Simple Economics of Basic Scientific Research", Journal of Political Economy, Vol.67, No.3, pp.351-64.
- Nelson, R. (ed.) (1993), National Innovation Systems, Oxford, Oxford University Press.
- OCDE (2003), Frascati Manual 2002 - Proposed Standard Practice for Surveys on Research and Experimental Development, Paris, OCDE.
- OCDE (2005), Oslo Manual - Proposed Guidelines for Collecting and Interpreting Technological Innovation Data, 3rd edition, Paris, OCDE.
- Pavitt, K. (1984), Sectoral patterns of technical change: Towards a taxonomy and a theory, Research Policy, Vol.13, No.6, pp.343-373.
- Pavitt, K. (1999), Technology, Management and Systems of Innovation, Cheltenham, Edward Elgar.
- Rogers, E.M. (2003), Diffusion of innovations, 5ª edition, New York, Free Press.
- Rothwell, R. (1994), "Towards the Fifth-generation innovation process", International Marketing Review, Vol.11, No.1, pp.7-31.
- Salavisa Lança, I. (2001), Mudança Tecnológica e Economia - Crescimento, competitividade e indústria em Portugal, Oeiras, Celta.
- Salavisa, I. and Fontes, M. (eds.) (2012), Social networks, Innovation and the Knowledge Economy, Abingdon, Oxon, UK and New York, Routledge.
- Salavisa Lança, I., Rodrigues, W. and Mendonça, S. (eds.) (2007), Inovação e Globalização - Estratégias para o desenvolvimento económico e territorial, Porto, Campo das Letras.
- Schumpeter, J. A. (1939), Business Cycles - A Theoretical, Historical and Statistical Analysis of the Capitalist Process, abridged, reprinted in 1989, Philadelphia, Porcupine Press.
- Schumpeter, J.A. (1951; 1934), The Theory of Economic Development - An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle, reprinted from the English edition of 1934, 2nd edition of the work of 1911, Cambridge, Massachusetts, Harvard University Press.
- Shane, S. and Venkataraman, S. (2000), The Promise of Entrepreneurship as a Field of Research, The Academy of Management Review, Vol.25, No.1, pp. 217-226.
- Shavinina, L.V. (ed.), The International Handbook of Innovation, Amsterdam, Pergamon-Elsevier.
- Smith, A., Stirling, A. and Berkhout, F. (2005), "The governance of sustainable socio-technical transitions", Research Policy, Vol.34, No.10, pp.1491-1510.
- Swann, G. M. P. (2009), The Economics of Innovation - An Introduction, Cheltenham, Edward Elgar.
- Tidd, J. and Bessant, J. (2009), Managing Innovation: Integrating Technological, Market and Organizational Change, 4th ed., Chichester, Wiley.
- Unruh, G.C. (2000), "Understanding carbon lock-in", Energy Policy, Vol.28, No.12, pp. 817-830.
- WIPO (2009), What is Intellectual Property?, Geneva, WIPO.

-EC, Innovation Union Scoreboard.
- OCDE, Main Science and Technology Indicators.