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The Market for Technology in the Chemical Industry : Causes and Consequences

Listed author(s):
  • Ashish Arora
  • Andréa Fosfuri

[fre] L'industrie chimique donne un bon exemple de l'existence et du fonctionnement d'un marché des technologies. Ce papier suggère que, dans l'industrie chimique, les brevets ont joué un rôle clé en facilitant l'achat et la vente de technologies. Cependant, les brevets à eux seuls n'auraient pas été suffisants pour faire émerger un marché des technologies. Nous suggérons que la présence de firmes d'ingénierie spécialisées a contribué à la diffusion des technologies et a forcé les grandes compagnies chimiques à modifier leurs stratégies technologiques. Des constatations empiriques sont faites en utilisant une base de données sur les investissements dans les usines chimiques au cours des années 1980 dans le monde entier. [eng] The chemical industry provides a good example of the existence and functioning of a market for technology. This paper suggests that, in chemicals, patents have played a key role in facilitating the purchase and sale of technology. However, patents alone would not be sufficient for the rise of a market for technology. We suggest that the presence of specialized engineering firms has contributed to make chemical technology more widespread and has forced the large chemical corporations to modify their technology strategies. Empirical evidence is provided using a large database on worldwide investments in chemical plants during the 1980s.

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Article provided by Programme National Persée in its journal Revue d'économie industrielle.

Volume (Year): 92 (2000)
Issue (Month): 1 ()
Pages: 317-334

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Handle: RePEc:prs:recind:rei_0154-3229_2000_num_92_1_1054
Note: DOI:10.3406/rei.2000.1054
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