IDEAS home Printed from https://ideas.repec.org/a/bla/presci/v86y2007i3p445-470.html
   My bibliography  Save this article

Virtuous circles in science and commerce

Author

Listed:
  • Lynne G. Zucker
  • Michael R. Darby

Abstract

. During the formative years of biotechnology, ‘star’ bioscientists possessed intellectual capital of extraordinary scientific and pecuniary value. In America and Japan, 35 percent of star bioscientists became involved with firms in commercialising their discoveries (a crucial determinant of success) versus 7 percent in Europe. Did star involvement come at expense of scientific progress? No, the publication rate of these ‘involved stars’ increased very significantly whilst actively involved with firms. Furthermore, citations per article were unchanged or significantly increased; so quality was maintained. Top academic scientists and firms working together led to faster commercial and scientific progress – a truly virtuous circle. Abstract. Durante los años formativos de la biotecnología, los bioinvestigadores “estrella” acumulaban un capital intelectual de extraordinario valor científico y pecuniario. En América y Japón, el 35 por ciento de bioinvestigadores “estrella” se involucraron con empresas en la comercialización de sus descubrimientos (determinante crucial del éxito) comparado con un 7 por ciento en Europa. ¿Fue este involucramiento a costa del progreso científico? No, la tasa de publicación de estos investigadores estrella aumentó muy significativamente mientras que estaban activamente involucrados con dichas empresas. Es más, el número de citas de sus artículos no cambiaron o aumentaron significativamente, y por tanto la calidad se ha mantenido. Los investigadores más eminentes y las empresas punteras trabajando juntos nos llevan más rápidamente al progreso comercial y científico – un círculo virtuoso verdadero.

Suggested Citation

  • Lynne G. Zucker & Michael R. Darby, 2007. "Virtuous circles in science and commerce," Papers in Regional Science, Wiley Blackwell, vol. 86(3), pages 445-470, August.
    • Handle: RePEc:bla:presci:v:86:y:2007:i:3:p:445-470
    DOI: 10.1111/j.1435-5957.2007.00133.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1435-5957.2007.00133.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1435-5957.2007.00133.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nelson, Richard R. & Wolff, Edward N., 1997. "Factors behind cross-industry differences in technical progress," Structural Change and Economic Dynamics, Elsevier, vol. 8(2), pages 205-220, June.
    2. Eaton, Jonathan & Kortum, Samuel, 1996. "Trade in ideas Patenting and productivity in the OECD," Journal of International Economics, Elsevier, vol. 40(3-4), pages 251-278, May.
    3. Lynne G. Zucker & Michael R. Darby, 2014. "Movement of Star Scientists and Engineers and High-Tech Firm Entry," Annals of Economics and Statistics, GENES, issue 115-116, pages 125-175.
    4. Jonathan Eaton & Samuel Kortum, 1994. "International Patenting and Technology Diffusion," NBER Working Papers 4931, National Bureau of Economic Research, Inc.
    5. Michael R. Darby & Lynne G. Zucker, 2006. "Innovation, Competition and Welfare-Enhancing Monopoly," NBER Working Papers 12094, National Bureau of Economic Research, Inc.
    6. Head, Keith & Ries, John & Swenson, Deborah, 1995. "Agglomeration benefits and location choice: Evidence from Japanese manufacturing investments in the United States," Journal of International Economics, Elsevier, vol. 38(3-4), pages 223-247, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhifeng Yin & Qiang Zhi, 2017. "Dancing with the academic elite: a promotion or hindrance of research production?," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(1), pages 17-41, January.
    2. Autant-Bernard, Corinne & Fadairo, Muriel & Massard, Nadine, 2013. "Knowledge diffusion and innovation policies within the European regions: Challenges based on recent empirical evidence," Research Policy, Elsevier, vol. 42(1), pages 196-210.
    3. Luis F. Medrano E., 2012. "Patent Citations, University Inventor Patents, and Survival in the German Laser Source Industry (1960-2005)," Jena Economics Research Papers 2012-009, Friedrich-Schiller-University Jena.
    4. Michaela Trippl & Gunther Maier, 2011. "Knowledge Spillover Agents and Regional Development," Advances in Spatial Science, in: Peter Nijkamp & Iulia Siedschlag (ed.), Innovation, Growth and Competitiveness, chapter 0, pages 91-111, Springer.
    5. Lin, Jun-You, 2017. "Balancing industry collaboration and academic innovation: The contingent role of collaboration-specific attributes," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 216-228.
    6. Martina Fromhold-Eisebith & Claudia Werker, 2013. "Universities’ functions in knowledge transfer: a geographical perspective," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(3), pages 621-643, December.
    7. Corinne Autant-Bernard & Pascal Billand & Nadine Massard, 2012. "Innovation and Space – From Externalities to Networks," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), The Regional Economics of Knowledge and Talent, chapter 3, Edward Elgar Publishing.
    8. Jinyoung Kim & Sangjoon Lee & Gerald Marschke, 2014. "Impact of university scientists on innovations in nanotechnology," Chapters, in: Sanghoon Ahn & Bronwyn H. Hall & Keun Lee (ed.), Intellectual Property for Economic Development, chapter 6, pages 141-158, Edward Elgar Publishing.
    9. Rivera, Rene & Sampedro, Jose Luis & Dutrenit, Gabriela & Ekboir, Javier Mario & Vera-Cruz, Alexandre O., 2009. "How productive are academic researchers in agriculture-related sciences? The Mexican case," MERIT Working Papers 2009-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    10. Rivera-Huerta, René & Dutrénit, Gabriela & Ekboir, Javier Mario & Sampedro, José Luis & Vera-Cruz, Alexandre O., 2011. "Do linkages between farmers and academic researchers influence researcher productivity? The Mexican case," Research Policy, Elsevier, vol. 40(7), pages 932-942, September.
    11. Dirk Czarnitzki & Andrew Toole, 2010. "Is there a trade-off between academic research and faculty entrepreneurship? Evidence from US NIH supported biomedical researchers," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(5), pages 505-520.
    12. Sohvi Heaton & David Lewin & David J. Teece, 2020. "Managing campus entrepreneurship: Dynamic capabilities and university leadership," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 1126-1140, September.
    13. Stefan Houweling & Sven Wolff, 2020. "The influence of scientific prestige and peer effects on the intention to create university spin-offs," The Journal of Technology Transfer, Springer, vol. 45(5), pages 1432-1450, October.
    14. Haeussler, Carolin & Assmus, Anne, 2021. "Bridging the gap between invention and innovation: Increasing success rates in publicly and industry-funded clinical trials," Research Policy, Elsevier, vol. 50(2).
    15. Teodora Diana Corsatea, 2016. "Localised knowledge, local policies and regional innovation activity for renewable energy technologies: Evidence from Italy," Papers in Regional Science, Wiley Blackwell, vol. 95(3), pages 443-466, August.
    16. Lynne G. Zucker & Michael R. Darby, 2009. "Star Scientists, Innovation and Regional and National Immigration," Chapters, in: David B. Audretsch & Robert E. Litan & Robert Strom (ed.), Entrepreneurship and Openness, chapter 6, Edward Elgar Publishing.
    17. Teodora Corsatea & Hubert Jayet, 2014. "Spatial patterns of innovation activities in France: market’s role versus public research efforts," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(3), pages 739-762, May.
    18. Lynne G. Zucker & Michael R. Darby, 2014. "Defacto and Deeded Intellectual Property: Knowledge-Driven Co-Evolution of Firm Collaboration Boundaries and IPR Stragtegy," Annals of Economics and Statistics, GENES, issue 115-116, pages 221-251.
    19. Walsh, John P. & Huang, Hsini, 2014. "Local context, academic entrepreneurship and open science: Publication secrecy and commercial activity among Japanese and US scientists," Research Policy, Elsevier, vol. 43(2), pages 245-260.
    20. Corinne Autant-Bernard, 2015. "Que savons-nous de l’impact économique des parcs scientifiques ? Une revue de la littérature," Working Papers halshs-01211662, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lynne G. Zucker & Michael R. Darby, 2009. "Star Scientists, Innovation and Regional and National Immigration," Chapters, in: David B. Audretsch & Robert E. Litan & Robert Strom (ed.), Entrepreneurship and Openness, chapter 6, Edward Elgar Publishing.
    2. Wolfgang Keller, 2002. "Geographic Localization of International Technology Diffusion," American Economic Review, American Economic Association, vol. 92(1), pages 120-142, March.
    3. Fulvio Castellacci, 2007. "Technological regimes and sectoral differences in productivity growth ," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(6), pages 1105-1145, December.
    4. Habibullah, M.S. & Dayang-Afizzah, A.M., 2008. "Bordering neighbours: Testing for border effect on Malaysia's northern states and Southern Thailand," MPRA Paper 12103, University Library of Munich, Germany.
    5. Karlsson, Charlie & Warda, Peter & Gråsjö, Urban, 2012. "Spatial Knowledge Spillovers in Europe: A Meta-Analysis," Working Paper Series in Economics and Institutions of Innovation 280, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    6. Elias Dinopoulos & Constantinos Syropoulos, 2004. "Globalization, Factor Endowments and Scale-Invariant Growth," DEGIT Conference Papers c009_009, DEGIT, Dynamics, Economic Growth, and International Trade.
    7. Jorge Crespo & Carmela Martin & Francisco Javier Velázquez, 2002. "International technology diffusion through imports and its impact on economic growth," European Economy Group Working Papers 12, European Economy Group.
    8. Eaton, Jonathan & Kortum, Samuel, 1997. "Engines of growth: Domestic and foreign sources of innovation," Japan and the World Economy, Elsevier, vol. 9(2), pages 235-259, May.
    9. Michelle P. Connolly, 1998. "The dual nature of trade: measuring its impact on imitation and growth," Staff Reports 44, Federal Reserve Bank of New York.
    10. Fors, Gunnar & Zejan, Mario, 1996. "Overseas R&D by Multinationals in foreign Centers of Excellence," SSE/EFI Working Paper Series in Economics and Finance 111, Stockholm School of Economics.
    11. Salvador Barrios & Elena Navajas Cawood, 2008. "The Location of ICT activities in EU regions. Implications for regional policies," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 13, pages 179-210.
    12. Huy Quang Doan, 2019. "Trade, Institutional Quality and Income: Empirical Evidence for Sub-Saharan Africa," Economies, MDPI, vol. 7(2), pages 1-23, May.
    13. Jean-Louis Mucchielli & Thierry Mayer, 1999. "La localisation à l'étranger des entreprises multinationales," Post-Print hal-01016877, HAL.
    14. Céline Azemar & Grégory Corcos & Andrew Delios, 2006. "Taxation and the international strategy of Japanese multinational enterprises," Working Papers halshs-00590421, HAL.
    15. Braguinsky, Serguey & Honjo, Yuji & 本庄, 裕司 & Nagaoka, Sadao & 長岡, 貞男 & Nakamura, Kenta & 中村, 健太, 2010. "Science-Based Business : Knowledge Capital or Entrepreneurial Ability? : Theory and Evidence from a Survey of Biotechnology Start-ups," IIR Working Paper 10-05, Institute of Innovation Research, Hitotsubashi University.
    16. Andres Rodriguez-Clare, 1996. "The role of trade in technology diffusion," Discussion Paper / Institute for Empirical Macroeconomics 114, Federal Reserve Bank of Minneapolis.
    17. Bergman, Mats A. & Johansson, Per & Bergman, M.A., 2002. "Large investments in the pulp and paper industry: a count data regression analysis," Journal of Forest Economics, Elsevier, vol. 8(1), pages 29-52.
    18. Can Huang & Naubahar Sharif, 2016. "Global technology leadership: The case of China," Science and Public Policy, Oxford University Press, vol. 43(1), pages 62-73.
    19. Desbordes, Rodolphe, 2007. "The sensitivity of U.S. multinational enterprises to political and macroeconomic uncertainty: A sectoral analysis," International Business Review, Elsevier, vol. 16(6), pages 732-750, December.
    20. Daron Acemoglu & Fabrizio Zilibotti, 2001. "Productivity Differences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(2), pages 563-606.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:presci:v:86:y:2007:i:3:p:445-470. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1056-8190 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.