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Fostering Innovation in a Small Open Economy: The Case of the New Zealand Biotechnology Sector

The New Zealand Biotechnology sector is worthy of study for several reasons. While there is a large and growing international literature on economic aspects of biotechnology innovation these studies concentrate on the United States and Europe. The New Zealand biotechnology sector may be expected to develop along a different trajectory as a consequence of a markedly different set of initial and framework conditions. Government has indicated a strong interest in fostering innovation and aims to concentrate on selected areas where New Zealand may be able to develop a new comparative advantage. One such area is biotechnology, which would build on New Zealand’s existing comparative advantage in the primary sector (dairy, forestry, meat, wool and horticulture). This paper describes the preliminary results of an ongoing study that aims to fill some of the gaps in our knowledge of innovation processes in New Zealand while using the international literature as a benchmark. The paper focuses on the drivers of innovation in the biotechnology sector; the role of networks and other linkages; the role of government and industry, the role of human and venture capital, and data from patenting.

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File URL: ftp://mngt.waikato.ac.nz/RePEc/wai/econwp/0001.pdf
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Paper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number 00/01.

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Length: 29 pages
Date of creation: 01 May 2000
Date of revision:
Handle: RePEc:wai:econwp:00/01
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  1. Jeremy Foltz & Bradford Barham & Kwansoo Kim, 2000. "Universities and agricultural biotechnology patent production," Agribusiness, John Wiley & Sons, Ltd., vol. 16(1), pages 82-95.
  2. Hall, Bronwyn & Van Reenen, John, 2000. "How effective are fiscal incentives for R&D? A review of the evidence," Research Policy, Elsevier, vol. 29(4-5), pages 449-469, April.
  3. Malo Stéphane & Geuna Aldo, 1999. "Science-Technology Linkages in an Emerging Research Platform: The case of Combinatorial Chemistry and Biology," Research Memorandum 020, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
  4. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
  5. Joly, Pierre-Benoit & de Looze, Marie-Angele, 1996. "An analysis of innovation strategies and industrial differentiation through patent applications: the case of plant biotechnology," Research Policy, Elsevier, vol. 25(7), pages 1027-1046, October.
  6. Foltz, Jeremy D. & Barham, Bradford L. & Kim, Kwansoo, 2000. "Universities And Agricultural Biotechnology Patent Production," Proceedings:Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26030, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
  7. McMillan, G. Steven & Narin, Francis & Deeds, David L., 2000. "An analysis of the critical role of public science in innovation: the case of biotechnology," Research Policy, Elsevier, vol. 29(1), pages 1-8, January.
  8. repec:fth:harver:1473 is not listed on IDEAS
  9. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
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