Are Local Milieus the Key to Innovation Performance?
Hanna L. Binz and
Authors registered in the RePEc Author Service: Hanna Hottenrott ()
No 08-008 [rev.], ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research
This study investigates how local milieus foster innovation success in firms. We complement the common practice of linking firm performance indicators to regional characteristics with survey evidence on the perceived importance of locational factors. While the former approach assumes that location characteristics affect all firms in the same way, the survey allows us to model how firms judge the attractiveness of locations using a heterogeneous set of criteria. It turns out that the availability of highly skilled labor and the proximity to suppliers matter for firms' innovation performance. Interestingly, location factors obtained from the survey provide a more accurate explanation of how local milieus facilitate innovation.
Keywords: Innovation performance; R&D; location factors; Flanders (search for similar items in EconPapers)
JEL-codes: O38 O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ino, nep-mic and nep-ure
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Journal Article: ARE LOCAL MILIEUS THE KEY TO INNOVATION PERFORMANCE?* (2009)
Working Paper: Are Local Milieus the Key to Innovation Performance? (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:7440
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