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Science parks, knowledge spillovers, and firms' innovative performance: evidence from Finland

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  • Squicciarini, Mariagrazia

Abstract

The paper focuses on the role of Science Parks (SPs) as seedbeds of innovation. It investigates whether and to what extent locating inside a science park relates to the innovative output of tenant firms. The simple assessment methodology proposed relies on count data models, uses patents as innovation performance indicators, and exploits original data regarding the Finnish science parks, their main characteristics, and the data of 252 SP tenant firms, including their patenting activity over the period 19702002. Among other results, the study suggests that both within and among SPs interaction and spillover effects exist, and points out the way in which they relate to firms' innovative output. Results are robust to controlling for the existence of innovation lags. Parks' first mover disadvantages also emerge, as well as non-negligible matching phenomena whereby firms' and parks' characteristics matter jointly.

Suggested Citation

  • Squicciarini, Mariagrazia, 2009. "Science parks, knowledge spillovers, and firms' innovative performance: evidence from Finland," Economics Discussion Papers 2009-32, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwedp:200932
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    2. Danilo Liberati & Marco Marinucci & Giulia Martina Tanzi, 2016. "Science and technology parks in Italy: main features and analysis of their effects on the firms hosted," The Journal of Technology Transfer, Springer, vol. 41(4), pages 694-729, August.
    3. Kelsi G. Hobbs & Albert N. Link & John T. Scott, 2017. "Science and technology parks: an annotated and analytical literature review," The Journal of Technology Transfer, Springer, vol. 42(4), pages 957-976, August.
    4. Mariagrazia Squicciarini, 2008. "Science Parks’ tenants versus out-of-Park firms: who innovates more? A duration model," The Journal of Technology Transfer, Springer, vol. 33(1), pages 45-71, February.
    5. Andrea Bellucci & Luca Pennacchio & Alberto Zazzaro, 2016. "Public subsidies for SME research and development: Empirical evaluation of collaborative versus individual place-based programs," Mo.Fi.R. Working Papers 133, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    6. Kanayo K. Ogujiuba & Maria Eggink & Ebenezer Olamide, 2023. "Impact of Elements of Finance and Business Support on the SME Business Ecosystem in South Africa: An Econometric Analysis," Sustainability, MDPI, vol. 15(11), pages 1-19, May.
    7. Rockett, Katharine, 2012. "Perspectives on the knowledge-based society: An introduction to the special issue," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-22.
    8. Nicola Bellini & Jukka Teras & Hakan Ylinenpaa, 2012. "Science and Technology Parks in the Age of Open Innovation. The Finnish Case," Symphonya. Emerging Issues in Management, University of Milano-Bicocca, issue 1 Innovat, pages 25-44.
    9. Guadix, José & Carrillo-Castrillo, Jesús & Onieva, Luis & Navascués, Javier, 2016. "Success variables in science and technology parks," Journal of Business Research, Elsevier, vol. 69(11), pages 4870-4875.
    10. M. Ferrara & F. Lamperti & R. Mavilia, 2016. "Looking for best performers: a pilot study towards the evaluation of science parks," Scientometrics, Springer;Akadémiai Kiadó, vol. 106(2), pages 717-750, February.
    11. Francesco Lamperti & Roberto Mavilia & Simona Castellini, 2017. "The role of Science Parks: a puzzle of growth, innovation and R&D investments," The Journal of Technology Transfer, Springer, vol. 42(1), pages 158-183, February.

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    More about this item

    Keywords

    Science Parks; knowledge spillovers; innovation; patents; firm performance;
    All these keywords.

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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