Commercializing Tacit Knowledge: Fundamental Determinants of the Size and Location of Biotech Clusters
نویسنده
چکیده
Public policies frequently identify biotechnology and information technology as 'desirable industry clusters' that produce an abundance of well paying jobs of the future. This survey discusses the promise of biotechnology employment growth and appropriate policies that foster vibrant regional biotech clusters. I argue for two fundamental determinants of the size and location of regional biotech clusters: star scientists who transfer tacit knowledge to startups via joint collaboration, and research universities that serve as 'anchor tenants.' The hypothesis carries policy implications for biotech locational analysis as well as public policy. Optimal policies are derived and compared to existing policies at the US state level for 2008.
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