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The impact of science and technology parks on firms’ product innovation: empirical evidence from Spain

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  • Ángela Vásquez-Urriago

    ()

  • Andrés Barge-Gil

    ()

  • Aurelia Rico

    ()

  • Evita Paraskevopoulou

    ()

Abstract

Science and Technology Parks (STP) have attracted considerable attention and public funds in recent years. However, the conclusions on their effectiveness remain mixed. This work evaluates the impact of STP on firm product innovation in the Spanish context, as an example of a less developed innovation system in which regional and national governments are prioritizing STP initiatives. This work draws on a large sample of firms provided by the Spanish Survey on Technological Innovation that is conducted annually by the National Statistical Institute. We explore alternative econometric methods to obtain average treatment effects for firms located in 22 Spanish STPs. Our results show that Spanish STPs have a strong and positive impact on the probability and amount of product innovation achieved by STP located firms. These results hold when the endogeneity of STP location is taken into account. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Ángela Vásquez-Urriago & Andrés Barge-Gil & Aurelia Rico & Evita Paraskevopoulou, 2014. "The impact of science and technology parks on firms’ product innovation: empirical evidence from Spain," Journal of Evolutionary Economics, Springer, vol. 24(4), pages 835-873, September.
  • Handle: RePEc:spr:joevec:v:24:y:2014:i:4:p:835-873
    DOI: 10.1007/s00191-013-0337-1
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    Cited by:

    1. Albahari, Alberto & Pérez-Canto, Salvador & Barge-Gil, Andrés & Modrego, Aurelia, 2017. "Technology Parks versus Science Parks: Does the university make the difference?," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 13-28.
    2. Andræs Barge-Gil, 2013. "Open Strategies and Innovation Performance," Industry and Innovation, Taylor & Francis Journals, vol. 20(7), pages 585-610, October.
    3. Beck, Mathias & Junge, Martin & Kaiser, Ulrich, 2017. "Public Funding and Corporate Innovation," IZA Discussion Papers 11196, Institute for the Study of Labor (IZA).
    4. 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.
    5. repec:ris:invreg:0358 is not listed on IDEAS
    6. Albahari, Alberto & Barge-Gil, Andrés & Pérez-Canto, Salvador & Modrego-Rico, Aurelia, 2013. "The Influence of Science and Technology Park Characteristics on Firms’ Innovation Results," MPRA Paper 48829, University Library of Munich, Germany.
    7. Isabel Diez-Vial & Angeles Montoro-Sanchez, 2017. "Research evolution in science parks and incubators: foundations and new trends," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(3), pages 1243-1272, March.
    8. Anna Wójcik-Karpacz & Szymon Mazurkiewicz, 2015. "Practices of Technology Parks Supporting Innovative Activities: Evidence from Poland," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(4 (Winter), pages 331-354.
    9. Vásquez-Urriago, Ángela Rocío & Barge-Gil, Andrés & Modrego Rico, Aurelia, 2016. "Science and Technology Parks and cooperation for innovation: Empirical evidence from Spain," Research Policy, Elsevier, vol. 45(1), pages 137-147.
    10. repec:spr:joevec:v:27:y:2017:i:3:d:10.1007_s00191-016-0481-5 is not listed on IDEAS
    11. repec:kap:jtecht:v:42:y:2017:i:4:d:10.1007_s10961-016-9522-3 is not listed on IDEAS
    12. Angela Rocio Vasquez-Urriago & Andrés Barge-Gil & Aurelia Modrego Rico, 2016. "Which firms benefit more from being located in a Science and Technology Park? Empirical evidence for Spain," Research Evaluation, Oxford University Press, vol. 25(1), pages 107-117.
    13. Barge-Gil, Andrés & Conti, Annamaria, 2013. "Firm R&D units and outsourcing partners: A matching story," MPRA Paper 44090, University Library of Munich, Germany.
    14. Isabel Díez-Vial & Marta Fernández-Olmos, 2015. "Knowledge spillovers in science and technology parks: how can firms benefit most?," The Journal of Technology Transfer, Springer, vol. 40(1), pages 70-84, February.
    15. 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.

    More about this item

    Keywords

    Science and Technology Parks; Product innovation; Treatment effects; Regional development policies; O25; L25; R53;

    JEL classification:

    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories

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