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Science and Technology Parks in Italy: main features and analysis of their effects on the firms hosted

Author

Listed:
  • Danilo Liberati

    (Bank of Italy)

  • Marco Marinucci

    (Bank of Italy)

  • Giulia Martina Tanzi

    (Bank of Italy)

Abstract

We analyse the results of a survey conducted by the Bank of Italy in the spring of 2012 on Italian science and technology parks. First we describe the main features of science parks in Italy. Then we investigate whether they have been effective in improving the economic performance and innovative capacity of the firms located within them. We find a pronounced heterogeneity between science and technology parks, whose cooperation with public research institutions is characterized by physical proximity. Although the business situation of firms located in science and technology parks tends on average to be better than that of similar �non-park� firms, a difference-in-differences estimation shows that entering a science and technology park did not generally improve firms� business performance and their propensity to innovate compared with external counterparts.

Suggested Citation

  • Danilo Liberati & Marco Marinucci & Giulia Martina Tanzi, 2014. "Science and Technology Parks in Italy: main features and analysis of their effects on the firms hosted," Temi di discussione (Economic working papers) 983, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:wptemi:td_983_14
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    References listed on IDEAS

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    1. Mariagrazia Squicciarini, 2008. "Science Parks’ tenants versus out-of-Park firms: who innovates more? A duration model," The Journal of Technology Transfer, Springer, vol. 33(1), pages 45-71, February.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Scientific and Technology Parks; Matching; Difference in Differences;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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