TY - JOUR T1 - Science parks and regional innovation performance in fiscal austerity era: Less in more JF - Special Issue on GCW 2014, Small Business Economics, Springer Verlang Y1 - 2016 A1 - Areti Gkypali A1 - Vasileios Kokkinos A1 - Christos Bouras A1 - Kostas Tsekouras AB -

European financial crisis has raised questions about the sustainability and the contribution of innovation anchors especially in Southern European countries such as Greece. This paper utilizes the concept of regional innovation systems (RISs) and introduces a methodological approach that allows for evaluating an Science and Technology Park’s (STP) contribution into the corresponding RIS performance, taking into consideration (1) the RIS idiosyncrasies, (2) the dominant role of government expenditures on R&D and (3) the underlying complexity of knowledge production and management, under alternative sets of restrictions imposed by fiscal consolidation on the preferences of authorities which design and implement Science, Technology and Innovation (STI) policies. Our framework relies on the estimation of a multi-input–multi-output latent knowledge production function approach and the corresponding efficiency indices. Data requirements are sourced from the Regional Innovation Scoreboard, for the four Greek regions and from a small-scale case study, with respect to the examined regional STP covering the period from 2000 to 2012. The main empirical findings highlight that the contribution of the examined STP in the corresponding RIS performance diminishes alongside with the decrease in GERD investment levels, with respect to all the efficiency indices. These findings are attributed to the structural characteristics of both the RIS and the STP under investigation, and capture their dependence on managing public financial resources for STI activities.

VL - 47 IS - 2 ER - TY - CONF T1 - Revisiting the role of Incubators during Fiscal Austerity Times: The Case of PSP, Greece. T2 - 3rd Edition of the International Conference Governance of a Complex World 2014 (GCW 2014), Turin, Italy Y1 - 2014 A1 - Christos Bouras A1 - Kostas Tsekouras A1 - Vasileios Kokkinos A1 - Areti Gkypali AB -

European financial crisis has raised questions about the sustainability and the contribution of Innovation anchors especially in Southern European countries such as Greece. Based on the concept of Regional Innovation Systems we introduce a methodological approach which allows for the evaluation of the performance of Science and Technology Parks performance under different intensity levels of Government Expenditures on R&D which is considered as the dominant a policy instrument. Our framework relies on the estimation of efficiency indices which come out of a multi input - multi output knowledge production function approach. The region under scrutiny is Western Greece and its corresponding Science Park for the period from 2000-2009. The main empirical finding suggests that, due to institutional and other factors, the contribution of PSP, as it has been formed in last decade, is negative in fostering innovation activitie

JF - 3rd Edition of the International Conference Governance of a Complex World 2014 (GCW 2014), Turin, Italy ER -