IDEAS home Printed from https://ideas.repec.org/a/taf/oaefxx/v12y2024i1p2403708.html
   My bibliography  Save this article

Moderator effect of industrial park on knowledge spillover from sectoral innovation to firm performance in Vietnam

Author

Listed:
  • Hoang-Oanh Thi Nguyen
  • Khanh-Duy Nguyen

Abstract

New economic geography in a wide range of industrial theories explains why certain activities agglomerate in a certain region through the benefits of innovation activities. However, positive external economies of innovation have been less investigated in empirical studies. This study investigates the knowledge spillover effects of sectoral innovation on firm performance through the mediating effects of industrial parks in the manufacturing industry in Vietnam. Using the Vietnam Enterprises Survey (VES) data from 2011 to 2014 with 7,236 enterprises in combination with other data from the General Statistics Office (GSO), this study applied panel data regression with mixed-effects models and presented novel findings on knowledge spillover from sectoral innovation to firm performance in Vietnam. Sectoral innovation may require two years to have a positive effect on a firm’s value added, which supports lags in innovation on the productivity nexus, as suggested by Griliches. Interestingly, this positive spillover effect may be greater for enterprises located in industrial parks. This finding approves the approach of innovation economy that economic activities based on new knowledge are likely to be grouped into geographical regions. This may imply policies that enhance the effectiveness of innovation through the development of industrial parks.This study provides new insights into the relationship between sectoral innovation and firm performance in the manufacturing industry in Vietnam, emphasizing the role of knowledge spillover and industrial parks. By employing panel data regression with mixed-effects models, the research finds that sectoral innovation positively impacts firm performance, albeit with a two-year lag. Moreover, industrial parks play a crucial mediating role in amplifying the benefits of sectoral innovation. The findings offer significant policy implications for Vietnam, suggesting that fostering innovation and developing industrial parks can lead to enhanced economic performance through increased knowledge spillover. This study contributes to the broader literature on economic geography and innovation by showing how sectoral innovation can influence firm-level outcomes in emerging economies.

Suggested Citation

  • Hoang-Oanh Thi Nguyen & Khanh-Duy Nguyen, 2024. "Moderator effect of industrial park on knowledge spillover from sectoral innovation to firm performance in Vietnam," Cogent Economics & Finance, Taylor & Francis Journals, vol. 12(1), pages 2403708-240, December.
  • Handle: RePEc:taf:oaefxx:v:12:y:2024:i:1:p:2403708
    DOI: 10.1080/23322039.2024.2403708
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23322039.2024.2403708
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/23322039.2024.2403708?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:oaefxx:v:12:y:2024:i:1:p:2403708. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/OAEF20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.