TY - JOUR
T1 - The fruits of intellectual production
T2 - economic and scientific specialisation among OECD countries
AU - Laursen, K.
AU - Salter, A.
PY - 2005/3/1
Y1 - 2005/3/1
N2 - This paper brings together data from 17 OECD countries on scientific publications, patents and production, to explore the relationship between scientific and economic specialisation for 17 manufacturing industries. Since Marx, there has been a fundamental debate in economics about the link between science and the economic system. Marx argued that the needs of production shape scientific developments and that science has become a factor of production, whereas Polanyi argued that developments in science are largely independent of the economic sphere. Using a panel data model and econometric estimations at the industry level, the paper derives some hypotheses from the two positions and finds that, while the overall evidence on the link between national production and scientific specialisation is mixed, it is important to have high levels of relevant to-the-industry scientific strength per capita in order to be specialised in science-based industries.
AB - This paper brings together data from 17 OECD countries on scientific publications, patents and production, to explore the relationship between scientific and economic specialisation for 17 manufacturing industries. Since Marx, there has been a fundamental debate in economics about the link between science and the economic system. Marx argued that the needs of production shape scientific developments and that science has become a factor of production, whereas Polanyi argued that developments in science are largely independent of the economic sphere. Using a panel data model and econometric estimations at the industry level, the paper derives some hypotheses from the two positions and finds that, while the overall evidence on the link between national production and scientific specialisation is mixed, it is important to have high levels of relevant to-the-industry scientific strength per capita in order to be specialised in science-based industries.
UR - http://www.scopus.com/inward/record.url?scp=15944374324&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1093/cje/bei032
U2 - 10.1093/cje/bei032
DO - 10.1093/cje/bei032
M3 - Article
AN - SCOPUS:15944374324
SN - 0309-166X
VL - 29
SP - 289
EP - 308
JO - Cambridge Journal of Economics
JF - Cambridge Journal of Economics
IS - 2
ER -