Learning and Absorptive Capacity in the Framework of Evolutionary Economics: Two Sources of Enterprise Technological Resource Creation

Abstract

In the analysis of standard economics theory, knowledge, particularly technological knowledge, has presented a relatively low content. In consequence, the allocation function of enterprise dominants absolutely the technological resource creation within the enterprise when considering technological innovations. However, the evolutionary economics analysis has put forward the creative dimension of enterprise by accentuating the character of tacit knowledge and placing learning and competence in center of the enterprise notion. In the framework of evolutionary economics, two internal sources of enterprise technological resource creation are identified: learning process in organization and absorptive capacity related to R&D activity. This alternative analysis allows the evolutionary economics to overhaul the vision of Arrow on the technological resource creation of the enterprise.