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Science knowledge localizes

delete2025-10-06
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PRE
AI
B
Benjamin Balsmeier
S
Steven J. Luck
L
Lee Fleming *
DOI:10.1016/j.respol.2025.105333delete
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Abstract

Abstract

En 中文
• Why do technology firms often locate in clusters, near universities and science labs – especially if those universities and labs publish their science in public journals? • We focus on the interpersonal mechanisms of knowledge transfer and demonstrate that science knowledge localizes, even for science that is published and freely available. • Localization effects are bigger for the translation of science research to applications in medical care and in patents. • Given that firms increasingly rely on outside science research, firms should locate close to scientists and the original sources of science research.

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Research Policy cover
Research Policy
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Paderborn University
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