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On the Growth of Korean Technoparks

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  • Albert, Link

    (University of North Carolina at Greensboro, Department of Economics)

  • U Yeong, Yang

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

The Republic of Korea undertook a major initiative in the early 1970s to integrate high-technology industry with its regional development strategy. This effort involved three phrases: the development of science towns in the 1970s, the initiation of a technopolis program in the 1980s, and the establishment of science parks or technoparks in the 1990s. We focus on the third phase in this paper, and we identify empirically covariates with the employment growth of Korean technoparks. We find faster employment growth in parks established after the ICT revolution in 2000, in parks with tenants involved in more complex technology development, and in parks with more research-intensive tenants.

Suggested Citation

  • Albert, Link & U Yeong, Yang, 2017. "On the Growth of Korean Technoparks," UNCG Economics Working Papers 17-7, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2017_007
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    References listed on IDEAS

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    1. Link, Albert N. & Scott, John T., 2003. "U.S. science parks: the diffusion of an innovation and its effects on the academic missions of universities," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1323-1356, November.
    2. Kelsi G. Hobbs & Albert N. Link & John T. Scott, 2017. "Science and technology parks: an annotated and analytical literature review," The Journal of Technology Transfer, Springer, vol. 42(4), pages 957-976, August.
    3. Dong-Ho Shin, 2001. "research notes and comments: An alternative approach to developing science parks: A case study from Korea," Papers in Regional Science, Springer;Regional Science Association International, vol. 80(1), pages 103-111.
    4. Link, Albert N. & Scott, John T., 2011. "Research, Science, and Technology Parks: Vehicles for Technology Transfer," UNCG Economics Working Papers 11-22, University of North Carolina at Greensboro, Department of Economics.
    5. Albert Link & John Scott, 2006. "U.S. University Research Parks," Journal of Productivity Analysis, Springer, vol. 25(1), pages 43-55, April.
    6. Albert N. Link & John T. Scott, 2007. "The economics of university research parks," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(4), pages 661-674, Winter.
    7. Link, Albert N. & Siegel, Donald S. & Wright, Mike (ed.), 2015. "The Chicago Handbook of University Technology Transfer and Academic Entrepreneurship," University of Chicago Press Economics Books, University of Chicago Press, number 9780226178349, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Chuchu Chen & Albert N. Link, 2018. "Employment in China’s hi-tech zones," International Entrepreneurship and Management Journal, Springer, vol. 14(3), pages 697-703, September.
    2. Alberto Albahari & Magnus Klofsten & Juan Carlos Rubio-Romero, 2019. "Science and Technology Parks: a study of value creation for park tenants," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1256-1272, August.
    3. Eric S. Howard & Albert N. Link, 2019. "An Oasis of Knowledge: the Early History of Gateway University Research Park," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 1037-1063, September.
    4. Fang-Yi Lo & Kun-Huang Huarng & Andrea Rey-Martí, 2019. "Entrepreneur subsidiary of business groups from emerging markets: a multi-level perspective," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 471-483, June.
    5. Bo-Xiang Hsu & Yi-Min Chen, 2019. "Industrial policy, social capital, human capital, and firm-level competitive advantage," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 883-903, September.
    6. Eva-María Mora-Valentín & Marta Ortiz-de-Urbina-Criado & Juan-José Nájera-Sánchez, 2018. "Mapping the conceptual structure of science and technology parks," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1410-1435, October.
    7. Grigoriy Arturovich Klyucharev & Irina Olegovna Tyurina & Alexandr Viktorovich Neverov, 2017. "International Experience of Techno-parks in the Russian Context," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 213-229.
    8. Elena Irekovna Beglova & Svetlana Irekovna Nasyrova & Azat Vazirovich Yangirov, 2017. "Factors of Economic Behavior of Population in Regional Labor Market," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 167-182.
    9. Laspia, Alessandro & Sansone, Giuliano & Landoni, Paolo & Racanelli, Domenico & Bartezzaghi, Emilio, 2021. "The organization of innovation services in science and technology parks: Evidence from a multi-case study analysis in Europe," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    10. Fernando Ubeda & Marta Ortiz-de-Urbina-Criado & Eva-María Mora-Valentín, 2019. "Do firms located in science and technology parks enhance innovation performance? The effect of absorptive capacity," The Journal of Technology Transfer, Springer, vol. 44(1), pages 21-48, February.
    11. Hülya Ünlü & Serdal Temel & Kristel Miller, 2023. "Understanding the drivers of patent performance of University Science Parks in Turkey," The Journal of Technology Transfer, Springer, vol. 48(3), pages 842-872, June.

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    More about this item

    Keywords

    science park; technopark; Korea; entrepreneurship; technology; innovation;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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