Which firms benefit more from being located in a Science and Technology Park? Empirical evidence for Spain
AbstractThe aim of this work is to analyse the heterogeneous effect of Science and Technology Parks (STPs) on firms’ innovation outcomes, contingent on firms’ size and innovation effort. Despite the worldwide diffusion of STPs and the increasing literature aimed at analyzing their effect on tenants’ performance, empirical evidence on the heterogeneous effect of STPs location on different firms is very scarce. We use information for a representative sample of 39,722 Spanish firms, 653 of them located on 22 of the 25 official Spanish STP. Results show, on the one hand, that firm size is negatively related to an STP location effect and, on the other, that only a small amount of internal innovation effort is required to achieve a very high return from park location. However, firms without innovation efforts do not benefit from a park location. Finally, as internal innovation efforts increase, the park effect reduces, but is still at a high level.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 55130.
Date of creation: 07 Apr 2014
Date of revision:
Science and Technology Parks; heterogeneous treatment effects; product innovation; firms’ internal innovation capabilities; size;
Find related papers by JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-18 (All new papers)
- NEP-BEC-2014-04-18 (Business Economics)
- NEP-CSE-2014-04-18 (Economics of Strategic Management)
- NEP-INO-2014-04-18 (Innovation)
- NEP-SBM-2014-04-18 (Small Business Management)
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