2005/02 | LEM Working Paper Series | |
Science-Technology-Industry Links and the ”European Paradox”: Some Notes on the Dynamics of Scientific and Technological Research in Europe |
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Giovanni Dosi, Patrick Llerena, Mauro Sylos Labini |
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Keywords | ||
Open Science, European Paradox, Science and
Technology Policy.
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JEL Classifications | ||
D80, O33, O38.
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Abstract | ||
This paper discusses, first, the properties of scientific and
technological knowledge and the institutions supporting its
generation and its economic applications. The evidence continues
to support the broad interpretation which we call the
"Stanford-Yale-Sussex" synthesis. Second, such patterns bear
important implications with respect to the so-called "European
Paradox", i.e. the conjecture that EU countries play a leading
global role in terms of top-level scientific output, but lag
behind in the ability of converting this strength into
wealth-generating innovations. The bottom line is that European
weaknesses reside both in its system of scientific research and in
a relatively weak industry. The final part of the work suggests a
few normative implications: much less emphasis should be put on
various types of "networking" and much more on policy measures
aimed to both strengthen "frontier" research and strengthen
European corporate actors.
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