Abstract
This article investigates the role of Science Parks (SPs) as seedbeds of
innovation. It aims to verify if and to what extent firms’ innovative
performance is affected by relocating inside a SP. The analysis is
structured in the form of a duration model that holds patenting as a
repeated and event-dependent phenomenon and accounts for the persistence
of innovative activities and the cumulativeness of knowledge. Estimates
are based on a conditional risk-set model. The study relies on an
original database regarding Finnish SPs: 252 firms that in the year 2002
were located in the Parks and the firms’ lifetime patenting activity,
over a 33-year-period. We find support for the existence of spillovers
and for the positive role of incubators over those firms joining SPs
when very young.
| Original language | English |
|---|---|
| Pages (from-to) | 169-190 |
| Journal | Small Business Economics |
| Volume | 32 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2009 |
| MoE publication type | A1 Journal article-refereed |
Keywords
- Duration analysis
- Innovation
- Knowledge spillovers
- Patents
- Science Parks
- Seedbeds of innovation
