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 1970-2002. 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.
| Original language | English |
|---|---|
| Number of pages | 30 |
| Journal | Economics |
| Issue number | 32/2009 |
| Publication status | Published - 2009 |
| MoE publication type | B1 Article in a scientific magazine |