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The role of science and technology parks as firm growth boosters: an empirical analysis in Catalonia
journal contribution
posted on 2018-03-22, 15:29 authored by Josep-Maria Arauzo-Carod, Agustí Segarra-Blasco, Mercedes TeruelThe role of science and technology parks as firm growth boosters: an empirical analysis in Catalonia. Regional Studies. This paper contributes to an understanding of the role played by science and technology parks (STPs) in fostering the growth of firms. Applying a matching procedure, we obtained a database of 170 in-park firms, together with 7190 out-park firms. After applying a fixed-effects quantile regression, the results showed that being located in an STP has a dual effect on firm performance. Although the location in an STP has a positive effect for high-growth firms, it has a negative effect for low-growth firms. Furthermore, among all STPs, the effect for science parks is stronger than that for technological parks.
Funding
The authors are thankful for the funding received from the Ministry of Economics and Competitiveness of the Spanish government [grant numbers ECO2017-88888-P and ECO2015-68061-R] and the SGR programmes [grant numbers 2014-SGR-299 and 2014-SGR-1395] of the Generalitat de Catalunya.
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Keywords
science and technology parksfirm locationfirm growth科学与技术园区企业区位企业成长parcs scientifiques et technologiquesemplacement des entreprisescroissance des entreprisesWissenschafts- und TechnologieparksFirmenstandortFirmenwachstumparques de ciencia y tecnologíaubicación de empresascrecimiento de empresasL25O30R11R58
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