NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Yusheng Peng

Department of Sociology
The Chinese University of Hong Kong
Shatin, N.T., Hong Kong CHINA

E-Mail: yushengpeng@cuhk.edu.hk

NBER Working Papers and Publications

February 1998Fundamentals or Population Dynamics and the Geographic Distribution of U.S. Biotechnology Enterprises, 1976-1989
with Lynne G. Zucker, Michael R. Darby: w6414
Population ecology models are elegant in form and adequate in describing aggregate data, but poor in telling stories and predicting the location of growth. Fundamentals models emphasizing the variables central to resource mobilization, such as intellectual human capital, can predict where and when biotechnology enterprises emerge and agglomerate. Density dependence and previous founding dependence proxy many underlying processes; the legitimation and competition interpretation is more conjectural than empirically tenable. We argue and demonstrate for biotechnology that an alternative model based on the fundamentals related to resource reallocation and mobilization provides a stronger frame to explore industry formation. Fundamentals models outperform population ecology models in the es...

Published: Lynne G. Zucker and Michael R. Darby, “Capturing Technological Opportunity Via Japan's Star Scientists: Evidence from Japanese Firms' Biotech Patents and Products,” Journal of Technology Transfer, January 2001, 26(1/2): 37-58.

 
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