Science and Technology Parks in Italy: Main Features and Analysis of Their Effects on the Firms Hosted

60 Pages Posted: 18 Feb 2015

Date Written: October 23, 2014

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.

Keywords: Scientific and Technology Parks, Matching, Difference in Differences

JEL Classification: C31, L25, O31

Suggested Citation

Liberati, Danilo and Marinucci, Marco and Tanzi, Giulia, Science and Technology Parks in Italy: Main Features and Analysis of Their Effects on the Firms Hosted (October 23, 2014). Bank of Italy Temi di Discussione (Working Paper) No. 983, Available at SSRN: https://ssrn.com/abstract=2566222 or http://dx.doi.org/10.2139/ssrn.2566222

Danilo Liberati

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Marco Marinucci (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Giulia Tanzi

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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