Science and Technology for Economic Growth. New Insights from when the Data Contradicts Desktop Models1
Bibliographic Data
| ID | 4074763 |
|---|---|
| Authors | Adrian S Petrescu (corresponding author) |
| Year | 2009 |
| Volume | 26 |
| Issue | 6 |
| Pages | 839-880 |
| Publication date | 2009-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Review of Policy Research (JOURNAL) |
| Journal identifiers | ISSN: 1541-132X • E-ISSN: 1541-1338 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1541-1338.2009.00420.x |
| OpenAlex | W2044656224 |
| Language | EN |
| Citations received | 3 |
| References cited | 33 |
Science and technology policy initiatives in the early 1980s have focused in both the United States and Western Europe on improving capacity to apply a good science base in practice, expecting increases in technological advancement, improved market presence and enhanced economic growth. Results varied broadly in the United States and Europe. Even more puzzling, Japan charged ahead in technological advancement without that strong of a science base of its own. Some industrialized economies do not conform to the expected science-technology relationship, whereby strong performance in science shall lead to strong technological performance. The puzzling science-technology relationship in advanced countries has plausible explanations. (1) Science-technology relationship is much interdependent or symbiotic. Its strength and primary direction at a given time varies largely by field of science or technological innovation and across long periods of time. (2) Science-technology link in a country may depend on the overall scientific and technological level of development in that country. The strength and interdependent nature of this link evolves historically and varies across fields of science and technology. The strength of the link is affected by scientific and technological specialization in a country. Different technological fields have different scientific intensities, or degrees of building upon the science base. (3) Specialization of countries across scientific and technological fields varies. Hence, the strength of science-technology link differs between countries. High technological specialization of a country may impact its technological performance more than its immediately current scientific performance does. History, tradition and knowledge transfers may affect more returns on R&D expenditures than the actual value of R&D funds spent in science or technology. Explanations of puzzling behavior of science-technology link may become policy recommendations
Economic geography · Economics · Interdependence · Macroeconomics · Political science · Science, technology and society · Social science · Sociology · Technological change · Economic Growth and Productivity · Innovation Policy and RD · Law · University-Industry-Government Innovation Models
The Positive sum strategy
R&D and Productivity
High-Tech Europe
Issues in Assessing the Contribution of Research and Development to Productivity Growth
On the mechanics of economic development
International Investment and International Trade in the Product Cycle
The Economic Implications of Learning by Doing
Inside the Black Box
Business cycles
A Model of Growth Through Creative Destruction
Usable Knowledge, Usable Ignorance
The Search for the Sources of Growth
Investing in Europe's future
The single European market and the information and communication technologies
Agricultural policy reform in the European Community
The Origins of Endogenous Growth
Probing the Boundaries of Ignorance in Policy Analysis
The Formation of Science in Japan
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2023 (10) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |