Ioanna Kastelli

• PhD, Economics of Technology
• Assistant Professor at University of Thessaly

This paper attempts to investigate the extent to which the existing internal capabilities of firms and their interaction with external sources of knowledge affect their level of innovativeness. Part of these capabilities result from a prolonged process of investment and knowledge accumulation within firms and form what has been addressed as the "ab...

Chapter 11 addresses the role of industrial policy in the process of overcoming the economic crisis in Greece. The rationale of such a policy is based on the hypothesis that without targeted policies, imbalances will further deepen the crisis and prolong the structural barriers to growth. Liberal policies failed to enhance the production base and c...

The increasingly acute consequences of the climate crisis, the COVID-19 pandemic, and the energy crisis have put industrial policy back. The papers in this issue examine how different countries implement industrial policy for sustainable development from a variety of perspectives. A successful transition to sustainable development seems to require...

Digital technologies are considered as factors that accelerate the pace of innovation and increase the firm’s innovation performance. However, few studies have investigated whether this claim is conditioned by other elements that contribute to innovation. Furthermore, firms increasingly rely on external knowledge sources to expand their internal kn...

Traditional industrial sectors generally have been considered low technology (LT) industries according to the standard classification of manufacturing industries which is based on R&D intensity, i.e. R&D expenditure/total output. However, questions are being raised about the limitations imposed by this classification—for both academic research and...

This paper builds on Qian and Acs (Small Business Economics, 40, 185–197, 2013) concept of entrepreneurial absorptive capacity and empirically investigates its role in the context of new knowledge intensive entrepreneurship. When it comes to the business formation phase and especially to the creation of knowledge intensive entrepreneurial ventures,...

This working paper explores the driving forces that lead to industrial upgrading in global value chains (GVCs) at the sector level, focusing on the effects of knowledge-based capital (KBC) and different types of GVC participation on the export sophistication of selected EU food, beverage, and tobacco (FBT) sectors. We focus on a traditional low-tec...

Digital technologies are considered as factors that accelerate the pace of innovation and increase the firm's innovation performance. However, few studies have investigated whether this belief is conditioned by other elements that play overarching role for innovation. Furthermore, firms increasingly rely on external knowledge sources to expand thei...

Presentation at EAEPE annual conference 2020. Work in progress.

Στην παρούσα ερευνητική εργασία μελετώνται προσδιοριστικοί παράγοντες ίδρυσης επιχειρήσεων έντασης γνώσης, με έμφαση στο ρόλο της απορροφητικής ικανότητας. Η απορροφητική ικανότητα στην αρχική φάση ίδρυσης της επιχείρησης συνδέεται άρρηκτα με την ικανότητα των ιδρυτών να απορροφούν και να αξιοποιούν γνώση, ήτοι το γνωστικό τους υπόβαθρο, την επαγγε...

Absorptive capacity as a set of organizational capabilities in the context of established firms has been heavily explored in the relevant literature. But when it comes to the business formation phase and especially to the creation of knowledge intensive entrepreneurial ventures, knowledge inheritance of new firms seems to be more related to individ...

In this article industrial policy is considered as a key tool for achieving post-crisis growth in Greece. The aim of this paper is to examine how industrial policy could contribute to overturn the crisis in Greece. Our main argument is that in order to achieve recovery in Greece structural and institutional change is required to enable technologica...

“Improving competitiveness of the Greek industry. Truth and illusions” Ioanna Kastelli and Stavros Zografakis One of the main dimensions of the Greek crisis being the weak competitiveness, the focus of measures during the last six years and especially after 2012 has been an important reduction in wages. In addition, many measures for the liberalis...

Technology transfer as a mechanism for dynamic transformation in the food sector Ioanna Kastelli, Researcher National Technical University of Athens, Aggelos Tsakanikas, Assistant Professor National Technical University of Athens, Y. Caloghirou, Professor National Technical University of Athens. Corresponding author: Ioanna Kastelli, iokast@cheme...

Industrial competitiveness and the search for a sustainable path out of the crisis. Lessons from the Greek experience. Ioanna Kastelli and Stavros Zografakis The prevailing interpretations regarding the Greek but also the euro area crisis focus on macroeconomic issues and relate the crisis to macroeconomic imbalances. Following this approach, reco...

This chapter highlights the relation of knowledge intensive entrepreneurship with growth and competitiveness of European traditional sectors. We argue that knowledge intensive entrepreneurship in LMT sectors a) can contribute to overcoming competitive pressures from low-wage economies as it builds on knowledge intensive assets, promotes innovation...

This book contributes to the discussion about the relevance of knowledge-intensive entrepreneurship for industrial innovation in the context of traditional low-technology industries. There is a widespread assumption that low-tech industries offer limited opportunities for entrepreneurial activity due to their mature character. Yet there are indica...

While entrepreneurship has emerged as an important mechanism for the generation of social returns in terms of economic growth and job creation, entrepreneurship education is still something new in Europe and the debate about the need and the way of introduction of specific entrepreneurship courses in higher education is on going. This paper deals w...

This paper considers R&D cooperation as an organisational form that amplifies and crystallises knowledge to higher levels through interaction. It is shown that absorptive capacity is the main condition for the firm to benefit in this context. Absorptive capacity is studied in terms of its antecedents and constituent elements aiming to avoid tautolo...

The impact of knowledge-intensive entrepreneurship on the growth and competitiveness of European traditional sectors Ioanna Kastelli, Yannis Caloghirou Abstract In this chapter, European traditional sectors are identified with Low and Medium Technology (LMT) industries. More precisely, an attempt is made to examine the role of Knowledge-intensive...

This paper explores the performance of cooperative R&D agreements in terms of organisational knowledge creation. A unique dataset of subsidised cooperative R&D agreements is used to provide evidence on the relationship between the benefits from undertaking research cooperation and a set of factors that describe technological and organisational capa...

In this paper we study technological development of the Greek industrial system in the context of European integration. Greece is a typical case, which during the last twenty years deals with specific imperatives: European integration, technological catch-up and macro-economic stability. These processes are envisaged under the pressure of the openi...

The introduction of new elements in the Greek Science and Technology policy has not been followed to the same extent by an explicit concern for the promotion of R&D co-operation. National policy in that respect has been shaped to a large extent by the European Commission's policy initiatives. Although the EU Framework Programmes and the European Su...