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Modeling the dynamic relation between science and technology in nanotechnology

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Abstract

Nanotechnology is a promising research domain with potential and enormous economic value. It is widely acknowledged that nanotechnology, as an emerging and rapidly evolving field with the multidisciplinary nature, is perceived as proximate fields of science and technology. This study provides a further description of the relationship between science and technology at macro-level. The core objective in this paper is to qualify and assess the dynamic associations between scientific activity and technological output. We attempt to illustrate how science and technology relate one another in the case of innovation system. In this paper, we take advantage of the simultaneous equations model to analyze the reciprocal dependence between science and technology. Previous studies about the relationship between science and technology infrequently adopt this model. Our result shows that there is no significant connection between R&D expenditures and actual practices of research in terms of publications and patents for the universities in zone 1 and 2. Our results provoke questions about whether policy-makers should appropriately reallocate scientific and technological resources and other R&D expenditures so as to obtain optimal allocation for resource and achieve maximum results with little effort for scientific research and innovation performance.

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Acknowledgments

This research is funded by the National Natural Science Foundation of China (Project no. 70773006), the National Social Science Foundation of China (Project no. 10zd&014), key discipline excellent doctoral research funded projects in Fudan University and Introduce talents project in Chongqing University of Arts and Sciences.

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Correspondence to Jiancheng Guan.

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Zhao, Q., Guan, J. Modeling the dynamic relation between science and technology in nanotechnology. Scientometrics 90, 561–579 (2012). https://doi.org/10.1007/s11192-011-0520-9

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