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The Journal of Technology Transfer

, Volume 40, Issue 1, pp 70–84 | Cite as

Knowledge spillovers in science and technology parks: how can firms benefit most?

  • Isabel Díez-VialEmail author
  • Marta Fernández-Olmos
Article

Abstract

This research evaluates the role of science and technology parks as locations fostering local knowledge exchange and promoting innovation. We consider that these knowledge externalities depend on firms’ internal efforts and strategies, since their capacity to understand and exploit others’ knowledge depends on their own knowledge base. Empirical evidence has been gathered from 2007 to 2011 in a longitudinal analysis on 11,201 firms in total, using a Spanish database from PITEC (Technological Innovation Panel). Results of a two Tobit models with random effects, confirm our hypotheses. First, firms with previous cooperation agreements with universities and research institutions would benefit most from the park as they can more easily incorporate existing knowledge in the park and improve their product innovation. Secondly, results also seem to indicate that product innovation is higher when firms with internal R&D efforts can share knowledge on a reciprocal basis with other firms that are also investing in R&D.

Keywords

Science and technology park Knowledge Innovation Cooperation University 

JEL Classification

O32 58 M10 

Notes

Acknowledgments

Funding for this research was provided by the Spanish Ministry of Science and Innovation (ECO2011-29445, and ECO2012-36290-C03-01), and the CREVALOR Group of Research of Excellence.

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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Business Management Department, Facultad de Ciencias Economicas y EmpresarialesComplutense University of MadridMadridSpain
  2. 2.Business Management DepartmentUniversity of ZaragozaZaragozaSpain

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