Template-type: ReDIF-Paper 1.0 Author-Name: Huang, Can Author-Email: huang@merit.unu.edu Author-Workplace-Name: UNU-MERIT, and Maastricht University Author-Name: Wu, Yilin Author-Workplace-Name: Center for Applied Statistic and School of Statistics, Renmin University of China Title: State-led technological development: A case of China's nanotechnology development Abstract: We analyze the nanotechnology patent applications filed in China from 1998 to 2008 and find that the extraordinary nanotechnology development in China has been primarily promoted by the public sector but not driven by industry and market force. This finding implies that developing countries such as China with public research capacity and commitment to technological development can make rapid progress in basic research of emerging technologies, but it remains uncertain whether and when local industry can benefit from public R&D investment to actively develop indigenous innovation. Classification-JEL: O14, O33, O38 Keywords: New Technologies, Nanotechnology, Asia, China, R&D, Patents, State-led R&D, Innovation, R&D Investment Series: UNU-MERIT Working Papers Creation-Date: 2011 Number: 2011-013 File-URL: https://unu-merit.nl/publications/wppdf/2011/wp2011-013.pdf File-Format: application/pdf File-Size: 275 Kb Handle: RePEc:unm:unumer:2011013