Are new technology-based firms located on science parks really more innovative? Evidence from Taiwan

NCUIR > School of Management at National Central University > Graduate Institute of Economics > journal & Dissertation > Item 987654321/29504

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/29504

Title:	Are new technology-based firms located on science parks really more innovative? Evidence from Taiwan
Authors:	Yang,CH;Motohashi,K;Chen,JR
Contributors:	經濟研究所
Keywords:	RESEARCH-AND-DEVELOPMENT;MEDIUM-SIZED FIRMS;ACADEMIC RESEARCH;PERFORMANCE;INDUSTRY
Date:	2009
Issue Date:	2010-06-29 20:26:26 (UTC+8)
Publisher:	中央大學
Abstract:	The establishment of science parks is employed as a vital strategy for developing high-tech industries in many countries. Whether new technology-based firms (NTBFs) located within science parks are, in comparison to their counterparts located outside of science parks, more efficient in terms of R&D investment remains less explored. The purpose of this paper is to compare the R&D productivity of NTBFs located within and outside of science parks by measuring the elasticity of R&D with respect to output. Using panel data for NTBFs located within and outside the Hsinchu Science Industrial Park (HSIP) in Taiwan, our empirical findings show that the elasticity of R&D with respect to outputs of NTBFs located within HSIP is significantly higher than that of other firms. These findings further reveal that NTBFs located in the science park invest more efficiently. Our results also indicate a slight advantage in R&D for firms in the science park, arising from the fact that the science park offers a clustering effect and establishes links among firms and research institutions. (C) 2008 Elsevier B.V. All rights reserved.
Relation:	RESEARCH POLICY
Appears in Collections:	[Graduate Institute of Economics] journal & Dissertation

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