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Industrial Clustering and the Returns to Inventive Activity Canadian Biotechnology Firms, 1991-2000

  • Barak S. Aharonson
  • Joel A.C. Baum
  • Maryann P. Feldman
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    We examine how industrial clustering affects biotechnology firms’ innovativeness, contrasting similar firms not located in clusters or located in clusters that are or are not focused on the firm’s technological specialization. Using detailed firm level data, we find clustered firms are eight times more innovative than geographically remote firms, with largest effects for firms located in clusters strong in their own specialization. For firms located in a cluster strong in their specialization we also find that R&D productivity is enhanced by a firm’s own R&D alliances and also by the R&D alliances of other colocated firms.

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    File URL: http://www3.druid.dk/wp/20040003.pdf
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    Paper provided by DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies in its series DRUID Working Papers with number 04-03.

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    Date of creation: 2004
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    Handle: RePEc:aal:abbswp:04-03
    Contact details of provider: Web page: http://www.druid.dk/

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