Local Policies for Innovation: The Case of Technology Districts in Italy

37 Pages Posted: 18 Apr 2016

See all articles by Federica Bertamino

Federica Bertamino

Agency for Territorial Cohesion

Raffaello Bronzini

Bank of Italy

Marco De Maggio

University of Salento

Davide Revelli

Bank of Italy

Date Written: February 25, 2016

Abstract

In this paper we study a policy tool called technology districts, implemented in Italy over the last decade to foster local innovation activity. First, we examine the characteristics of technology districts and those of the firms within them. Next, we assess the performance of district firms. We find that in the Southern regions technology districts are more numerous but smaller than those located in the Centre-North, are poorly diversified from a sectorial point of view and more distant from the economic structure of the area. We find that the firms that did join a district had previously been, on average, larger, more innovative and profitable, and also show higher leverage than the others. Our results show that overall after the birth of a district the performance of the firms that joined it did not differ significantly from that of similar firms that did not.

Keywords: technology districts, innovation, patents, public policies, matching, differences-in-differences

JEL Classification: O31 R0 H2

Suggested Citation

Bertamino, Federica and Bronzini, Raffaello and De Maggio, Marco and Revelli, Davide, Local Policies for Innovation: The Case of Technology Districts in Italy (February 25, 2016). Bank of Italy Occasional Paper No. 313, Available at SSRN: https://ssrn.com/abstract=2765402 or http://dx.doi.org/10.2139/ssrn.2765402

Federica Bertamino

Agency for Territorial Cohesion ( email )

Italy

Raffaello Bronzini (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Marco De Maggio

University of Salento ( email )

via Taranto 35
Piazza Tancredi, N.7
Lecce, Lecce 73100
Italy

Davide Revelli

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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