Universidad Complutense de Madrid
E-Prints Complutense

Which firms benefit more from being located in a Science and Technology Park? Empirical evidence for Spain

Impacto

Downloads

Downloads per month over past year



Vásquez-Urriago, Ángela Rocio and Barge Gil, Andrés and Modrego Rico, Aurelia (2016) Which firms benefit more from being located in a Science and Technology Park? Empirical evidence for Spain. Research Evaluation, 25 (1). pp. 107-117. ISSN 1471-5449

[img]
Preview
PDF
357kB

Official URL: http://dx.doi.org/10.1093/reseval/rvv033



Abstract

The 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 analysing 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.


Item Type:Article
Uncontrolled Keywords:Science and Technology Parks, Heterogeneous treatment effects, Product innovation, Firms’ internal innovation capabilities, Size.
Subjects:Social sciences > Economics > Regional economics
Social sciences > Economics > Business enterprises
Social sciences > Economics > Industrial organization
JEL:O25, L25, R53
ID Code:55908
Deposited On:20 Jun 2019 12:17
Last Modified:06 Nov 2019 09:53

Origin of downloads

Repository Staff Only: item control page