Science And Industry: Tracing The Flow Of Basic Research Through Manufacturing And Trade
AbstractThis paper describes flows of basic research through the US economy during the late 20th century. In addition, the paper studies the effect of the flows on scientific papers in industries and fields. This article differs from others in its use of measures of science rather than technology. Together, its results present a picture of the structure of basic research flows in a modern, science-intensive economy. Basic research flows are large within petrochemicals and drugs, and within software and communications. Flows of chemistry, physics, and engineering are common throughout all industries - biology and medicine are almost confined to petrochemicals and drugs; and computer science is nearly as restricted to software and communications. In general, basic research flows are more concentrated within scientific fields than within industries. Our findings concerning the production of scientific papers indicate that the effect of a 1% change in academic R&D spillovers significantly exceeds that of industrial spillovers. In addition, within-field effects exceed effects between-fields, while within- and between-industry effects are roughly equal. It follows that scientific fields limit basic research flows more than industries do, perhaps because large firms implicitly span a range of industries.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.
Volume (Year): 17 (2008)
Issue (Month): 5 ()
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Other versions of this item:
- James D. Adams & Roger Clemmons, 2006. "Science and Industry: Tracing the Flow of Basic Research through Manufacturing and Trade," NBER Working Papers 12459, National Bureau of Economic Research, Inc.
- James D. Adams & J. Roger Clemmons, 2006. "Science and Industry: Tracing the Flow of Basic Research through Manufacturing and Trade," Rensselaer Working Papers in Economics 0614, Rensselaer Polytechnic Institute, Department of Economics.
- D2 - Microeconomics - - Production and Organizations
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
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