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

  • Squicciarini, Mariagrazia

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.

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Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2009-32.

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Date of creation: 2009
Date of revision:
Handle: RePEc:zbw:ifwedp:200932
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  1. Geroski, Paul A & Samiei, Hossein & Van Reenen, John, 1996. "How Persistently do Firms Innovate?," CEPR Discussion Papers 1433, C.E.P.R. Discussion Papers.
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  3. Link, Albert N. & Scott, John T., 2003. "U.S. science parks: the diffusion of an innovation and its effects on the academic missions of universities," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1323-1356, November.
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  6. Siegel, Donald S. & Westhead, Paul & Wright, Mike, 2003. "Assessing the impact of university science parks on research productivity: exploratory firm-level evidence from the United Kingdom," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1357-1369, November.
  7. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
  8. J. Vernon Henderson & Ari Kuncoro & Matthew Turner, 1992. "Industrial Development in Cities," NBER Working Papers 4178, National Bureau of Economic Research, Inc.
  9. Klepper, Steven, 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle," American Economic Review, American Economic Association, vol. 86(3), pages 562-83, June.
  10. Bruno Cassiman & Reinhilde Veugelers, 2002. "R&D Cooperation and Spillovers: Some Empirical Evidence from Belgium," American Economic Review, American Economic Association, vol. 92(4), pages 1169-1184, September.
  11. Marjolein C. J. Caniels & Henny A. Romijn, 2003. "Firm-level knowledge accumulation and regional dynamics," Industrial and Corporate Change, Oxford University Press, vol. 12(6), pages 1253-1278, December.
  12. Zucker, Lynne G & Darby, Michael R & Brewer, Marilynn B, 1998. "Intellectual Human Capital and the Birth of U.S. Biotechnology Enterprises," American Economic Review, American Economic Association, vol. 88(1), pages 290-306, March.
  13. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-70, May.
  14. Mariagrazia Squicciarini, 2009. "Science parks: seedbeds of innovation? A duration analysis of firms’ patenting activity," Small Business Economics, Springer, vol. 32(2), pages 169-190, February.
  15. 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.
  16. Thursby, Jerry G & Jensen, Richard & Thursby, Marie C, 2001. " Objectives, Characteristics and Outcomes of University Licensing: A Survey of Major U.S. Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 59-72, January.
  17. Colombo, Massimo G. & Delmastro, Marco, 2002. "How effective are technology incubators?: Evidence from Italy," Research Policy, Elsevier, vol. 31(7), pages 1103-1122, September.
  18. Lanjouw, Jean O & Pakes, Ariel & Putnam, Jonathan, 1998. "How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and Application Data," Journal of Industrial Economics, Wiley Blackwell, vol. 46(4), pages 405-32, December.
  19. repec:fth:harver:1473 is not listed on IDEAS
  20. Lofsten, Hans & Lindelof, Peter, 2002. "Science Parks and the growth of new technology-based firms--academic-industry links, innovation and markets," Research Policy, Elsevier, vol. 31(6), pages 859-876, August.
  21. Phan, Phillip H. & Siegel, Donald S. & Wright, Mike, 2005. "Science parks and incubators: observations, synthesis and future research," Journal of Business Venturing, Elsevier, vol. 20(2), pages 165-182, March.
  22. Cefis, Elena, 2003. "Is there persistence in innovative activities?," International Journal of Industrial Organization, Elsevier, vol. 21(4), pages 489-515, April.
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