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The Economic Effects of Basic Research: Evidence for Embodied Knowledge Transfer via Scientists' Migration

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  • C. Zellner

Abstract

The paper argues that a substantial proportion of the social economic benefits from publicly funded basic research is associated with scientists' migration into the commercial sector of the innovation system. Rejecting a reduction of the research process to the propositional knowledge it produces, a set of hypotheses on the value of different types of knowledge is derived. The hypotheses are tested with empirical data obtained from scientists formerly employed by the Max Planck Society, one of the main organisations for basic research in the German innovation system. Findings indicate that rather than applying latest theoretical insights, scientists mainly transfer elements of knowledge that underlie complex problem-solving strategies in basic research. The paper concludes by discussing the implications of the results on science and technology policy.

Suggested Citation

  • C. Zellner, 2002. "The Economic Effects of Basic Research: Evidence for Embodied Knowledge Transfer via Scientists' Migration," Papers on Economics and Evolution 2002-06, Philipps University Marburg, Department of Geography.
    • Handle: RePEc:esi:evopap:2002-06
    Note: The paper will be emailed on request. Please contact evopapers@econ.mpg.de
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    Cited by:

    1. Alex Coad & Rekha Rao, 2010. "Firm growth and R&D expenditure," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(2), pages 127-145.

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