The Economics of Structural Change in Knowledge

The economic systems of advanced capitalistic societies have been undergoing profound transformations brought about by the transition towards the so-called knowledge-based economy. Building upon Schumpeterian and Kuznetsian legacies, this new book argues that a focus on both the structural change approach and the economics of knowledge provides a fertile ground to better understand recent evolutions of economic environment, in which the change in the composition of the industrial structure has been characterized by the increasing importance of knowledge in economic activities. With this aim the book elaborates an integrated framework to analyzing the relationships between the different facets that characterize the process of structural change, and the dynamics of knowledge creation within industries and regions. Quatraro argues that a new dimension is to be added to concept of structural change, which refers to the internal structure of knowledge base, and propose both theoretical foundations and methodological tools for its analysis.