The impact of science and technology parks on firms´ product innovation: empirical evidence from Spain
Ángela Rocio Vásquez Urriago,
Andrés Barge-Gil (),
Aurelia Modrego Rico and
Evita Paraskevopoulou ()
MPRA Paper from University Library of Munich, Germany
Science and Technology Parks (STP) are one of the most important and extensive innovation policy initiatives introduced in recent years. This work evaluates the impact of STP on firm product innovation in the Spanish context. Spain is less developed than most of the advanced countries, and regional and national governments are prioritizing STP initiatives. The large firm sample for our study is from the Spanish Technological Innovation Survey, provided by the National Statistical Institute. We focus on average treatment effects for firms located in 22 Spanish STP. Our results show that Spanish STP have a strong and positive impact on the probability and amount of product innovation achieved by STP located firms. These results hold for different assumptions about the mechanisms underlying location in a STP.
Keywords: Science and Technology Parks; product innovation; treatment effects; regional development policies. (search for similar items in EconPapers)
JEL-codes: R53 L25 O25 O18 L38 O30 H76 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-sbm and nep-ure
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Journal Article: The impact of science and technology parks on firms’ product innovation: empirical evidence from Spain (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30555
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