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The Role of Novelty-Seeking Traits in Contemporary Knowledge Creation

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  • Erkan Goeren

    (University of Oldenburg, Department of Economics)

Abstract

This paper hypothesizes and empirically establishes the persistent effects of novelty-seeking traits on crosscountry differences in scientifc knowledge creation. I use data on the prevalence of specifc allele variants of the human DRD4 exon III gene, which population geneticists have linked to the human phenotype of novelty-seeking behavior to examine its relationship to scientifc knowledge creation in society. The results suggest a positive and statistically signifcant linear relationship between both outcomes that is consistent with the hypothesis that the prevalence of novelty-seeking traits in society facilitates scientifc knowledge creation through benefcial human behaviors related to risk-taking and explorative behavior. The empirical fndings remain qualitatively unaffected when controlling for additional historical, biogeographical, and socioeconomic factors that appear as additional important determinants in the creation of scientifc knowledge in society.

Suggested Citation

  • Erkan Goeren, 2017. "The Role of Novelty-Seeking Traits in Contemporary Knowledge Creation," Working Papers V-402-17, University of Oldenburg, Department of Economics, revised Sep 2017.
    • Handle: RePEc:old:dpaper:402
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    More about this item

    Keywords

    DRD4 Exon III; Novelty-Seeking Traits; Entrepreneurial Activity; Knowledge Creation; Technological Progress; Economic Development; Natural Selection; Genetic Diversity;
    All these keywords.

    JEL classification:

    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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