The Fruits of Intellectual Production: Economic and Scientific Specialisation among OECD Countries

Keld Laursen, Ammon Salter

    Research output: Contribution to journal › Journal article › Research › peer-review

    Abstract

    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.
    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.
    LanguageEnglish
    JournalCambridge Journal of Economics
    Volume29
    Issue number2
    Pages289-308
    Number of pages19
    ISSN0309-166X
    DOIs
    StatePublished - 2005

    Keywords

    • Scientific specialisation
    • International economic specialisation
    • Bibliometric data

    Cite this

    Laursen, Keld ; Salter, Ammon. / The Fruits of Intellectual Production : Economic and Scientific Specialisation among OECD Countries. In: Cambridge Journal of Economics. 2005 ; Vol. 29, No. 2. pp. 289-308
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    Laursen, K & Salter, A 2005, 'The Fruits of Intellectual Production: Economic and Scientific Specialisation among OECD Countries' Cambridge Journal of Economics, vol. 29, no. 2, pp. 289-308. DOI: 10.1093/cje/bei032

    The Fruits of Intellectual Production : Economic and Scientific Specialisation among OECD Countries. / Laursen, Keld; Salter, Ammon.

    In: Cambridge Journal of Economics, Vol. 29, No. 2, 2005, p. 289-308.

    Research output: Contribution to journal › Journal article › Research › peer-review

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    Laursen K, Salter A. The Fruits of Intellectual Production: Economic and Scientific Specialisation among OECD Countries. Cambridge Journal of Economics. 2005;29(2):289-308. Available from, DOI: 10.1093/cje/bei032

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