Innovative Business Effort in a Mediterranean Region, Same Characteristics and/or Same Spatial Distribution?

María P. García-Alcober (), Ana Isabel Mateos-Ansótegui and María Teresa Pastor-Gosálbez
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María P. García-Alcober: Department of Economics and Business, Universidad Cardenal Herrera-CEU, CEU Universities, C. Luis Vives, 1, 46115 Alfara del Patriarca, Spain
Ana Isabel Mateos-Ansótegui: Department of Economics and Business, Universidad Cardenal Herrera-CEU, CEU Universities, C. Carmelitas, 3, 03203 Elche, Spain
María Teresa Pastor-Gosálbez: ESI International Chair@CEU-UCH, Universidad Cardenal Herrera-CEU, CEU Universities, 46115 Alfara del Patriarca, Spain

Economies, 2023, vol. 11, issue 11, 1-16

Abstract: Business innovation is fundamental for sustained economic growth at the regional level. Knowing the common characteristics of innovative companies and their location is essential to carry out appropriate economic policies. To this end, we have carried out a double analysis: one grouping of companies according to characteristics and another by geolocation. This study focused on one of Spain’s 17 autonomous communities, the Comunitat Valenciana, a region characterised by significant industrial diversity. Our results show, among other things, that size is not a differentiating factor when it comes to innovation, and that there is a positive relationship between physical clustering and productivity.

Keywords: regional economy; innovative companies; industrial activity (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2023
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