Title:	INNOVATION POLICIES -A REVIEW OF THE ROLE OF SERVICE IN TODAY’S IT ECONOMY
Author(s):	Yumiko Kinoshita
ISBN:	978-972-8924-78-2
Editors:	Piet Kommers and Pedro Isaías
Year:	2009
Edition:	1
Keywords:	Innovation system, service industry, ICT, nanotechnology, biotechnology, regression analysis
Type:	Full Paper
First Page:	155
Last Page:	162
Language:	English
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Paper Abstract:	In today’s social and economic environment, three kinds of technologies (ICT, nanotechnology and biotechnology) are interrelated with each other in, so called, transitional states. As ICT industry has grown since the 1990s, nanotechnology and biotechnology are considered to be focal areas for intensive R&D. Meanwhile, the service industry is rapidly growing in most advanced countries. It is assumed that economic systems should be further utilized by clarifying value chain process embedded in the economy, and by enabling interactive innovations of the three transitional technologies in relation to service industry. To verify this assumption, multi-variable regression analysis is performed by using U.S. census data for fifty states to verify the correlation between GDP, service industry and the output in ICT, biotechnology, and nanotechnology at a regional level. As a result, it is clarified that there is a certain time period when the three technologies increase their interconnection with GDP and/or service industry, and that there is a possibility to determine the timing of implementing regional cluster policy according to the development phase of innovation. Lastly, this linkage should be further studied from the viewpoint of value chain so that the innovation system can be designed with further articulation for social and economic development and prosperity in today’s service economy.
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