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Social capital: Its relationship to innovation in science and technology

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  • Jane E Fountain

Abstract

This paper argues that social capital is a necessary, although not sufficient, enabler of effective public-private partnerships and of a new, more collaborative style of innovation policy, although its significance for science and technology policy, has yet to be assimilated by most policy-makers. The network structure of the biotechnology industry in the United States and the regional-based industrial system in Silicon Valley, California are used to show how social capital affects innovation in science and technology. Two US national policy programs — the advanced Technology Program and the Manufacturing Extension Partnership — make evident the growing importance of network development. A set of recommendations is given, designed to enhance innovative capacity through the formation of social capital. The central arguments regarding social capital and its relationship to innovation transcend national boundaries, and many of the policy recommendations are important for western European, some East Asian and several other industrial states. Copyright , Beech Tree Publishing.

Suggested Citation

  • Jane E Fountain, 1998. "Social capital: Its relationship to innovation in science and technology," Science and Public Policy, Oxford University Press, vol. 25(2), pages 103-115, April.
  • Handle: RePEc:oup:scippl:v:25:y:1998:i:2:p:103-115
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    File URL: http://hdl.handle.net/10.1093/spp/25.2.103
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    Cited by:

    1. Daskalopoulou & I., 2017. "Democracy and social capital in Greece," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 6(1), pages 1-2.
    2. Keeran Kowlaser & Helena Barnard, 2016. "Tie Breadth, Tie Strength And The Location Of Ties: The Value Of Ties Inside An Emerging Mnc To Team Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-31, January.
    3. Katarzyna Lukaniszyn-Domaszewska & Romuald Jonczy, 2021. "The Influence of the Ethnic Diversity on the Regional Development as Exemplified by the Silesian Autochthonous Population in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 170-188.
    4. Kash, Don E. & Rycoft, Robert W., 2000. "Patterns of innovating complex technologies: a framework for adaptive network strategies," Research Policy, Elsevier, vol. 29(7-8), pages 819-831, August.
    5. Natalie Holden, 2015. "An exploration of interactive contextual and dispositional factors which influence a collective process of entrepreneurial activity: a novel case at Bristol Zoo," Working Papers 27, Birkbeck Centre for Innovation Management Research, revised Nov 2015.
    6. Nick Williams & Robert Huggins & Piers Thompson, 2020. "Entrepreneurship and Social Capital: Examining the Association in Deprived Urban Neighbourhoods," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 44(2), pages 289-309, March.
    7. Patrick S. Roberts & Jon Schmid, 2022. "Government‐led innovation acceleration: Case studies of US federal government innovation and technology acceleration organizations," Review of Policy Research, Policy Studies Organization, vol. 39(3), pages 353-378, May.
    8. Abdul-Fatahi Abdulai & Lyndon Murphy & Brychan Thomas, 2019. "University Knowledge Transfer And Innovation Performance In Firms: The Ghanaian Experience," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-33, April.
    9. Panayides, Photis M. & Venus Lun, Y.H., 2009. "The impact of trust on innovativeness and supply chain performance," International Journal of Production Economics, Elsevier, vol. 122(1), pages 35-46, November.
    10. Davenport, Sally, 2004. "Panic and panacea: brain drain and science and technology human capital policy," Research Policy, Elsevier, vol. 33(4), pages 617-630, May.
    11. Haim Faridian, Parisa, 2023. "Leading open innovation: The role of strategic entrepreneurial leadership in orchestration of value creation and capture in GitHub open source communities," Technovation, Elsevier, vol. 119(C).
    12. Marta Bystrowska & Karin Wigger & Daniela Liggett, 2017. "The Use of Information and Communication Technology (ICT) in Managing High Arctic Tourism Sites: A Collective Action Perspective," Resources, MDPI, vol. 6(3), pages 1-18, July.
    13. Lyndon Murphy & Robert Huggins & Piers Thompson, 2016. "Social capital and innovation: A comparative analysis of regional policies," Environment and Planning C, , vol. 34(6), pages 1025-1057, September.
    14. Bozeman, Barry & Rimes, Heather & Youtie, Jan, 2015. "The evolving state-of-the-art in technology transfer research: Revisiting the contingent effectiveness model," Research Policy, Elsevier, vol. 44(1), pages 34-49.
    15. Fei Xie & Bohui Zhang & Wenrui Zhang, 2022. "Trust, Incomplete Contracting, and Corporate Innovation," Management Science, INFORMS, vol. 68(5), pages 3419-3443, May.
    16. Ilya Lokshin, 2015. "Total Factor Productivity and the Institutional Possibility Frontier: An Outline of a Link between Two Theoretical Perspectives on Institutions, Culture and Long Run Growth," HSE Working papers WP BRP 30/PS/2015, National Research University Higher School of Economics.
    17. Lin, Tse-Chun & Pursiainen, Vesa, 2023. "Social trust distance in mergers and acquisitions," Journal of Banking & Finance, Elsevier, vol. 149(C).
    18. Jin Zhu & Fei Huang, 2023. "Transformational Leadership, Organizational Innovation, and ESG Performance: Evidence from SMEs in China," Sustainability, MDPI, vol. 15(7), pages 1-23, March.
    19. David Tannenbaum & Alain Cohn & Christian Lukas Zünd & Michel André Maréchal, 2020. "What do cross-country surveys tell us about social capital?," ECON - Working Papers 352, Department of Economics - University of Zurich, revised Feb 2022.
    20. James, Hui L., 2023. "Social capital and the riskiness of trade credit," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).

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