Nanotechnology as general purpose technology

Florian Kreuchauff and Nina Teichert

No 53, Working Paper Series in Economics from Karlsruhe Institute of Technology (KIT), Department of Economics and Management

Abstract: Scientific literature postulates that nanotechnology is to be considered as general purpose technology (GPT), characterized by pervasiveness, high technological dynamism and the inducement of innovations within a variety of applications. We set out to not only further systematize existing approaches investigating nanotechnology's GPT traits based on patent applications, but to extend the analysis to academic publication data, in order to cover both knowledge creation and application development. By utilizing well established and consolidated indicators of GPT features, such as generality, diffusion, and forward citation rates, as well as contextualized technological coherence as a new weighted generality measure, we compare nanotechnology's research output to the ones of ICT as accepted GPT and of the combustion engine as a non- GPT, representing an upper and lower benchmark, respectively. Moreover, we add the EU27 as new institutional setting. Our results indicate that while nanotechnology is not as clearly perceptible a GPT as ICT is, the potential to develop as such and hence to become an 'engine of growth' is clearly given.

Keywords: general purpose technology; nanotechnology; patents; publications; generality; technological coherence (search for similar items in EconPapers)
JEL-codes: O30 O33 O34 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kitwps:53

DOI: 10.5445/IR/1000037828

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