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The role of science and technology parks as firm growth boosters: an empirical analysis in Catalonia

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  • Josep-Maria Arauzo-Carod
  • Agustí Segarra-Blasco
  • Mercedes Teruel

Abstract

The 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.

Suggested Citation

  • Josep-Maria Arauzo-Carod & Agustí Segarra-Blasco & Mercedes Teruel, 2018. "The role of science and technology parks as firm growth boosters: an empirical analysis in Catalonia," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 645-658, May.
    • Handle: RePEc:taf:regstd:v:52:y:2018:i:5:p:645-658
    DOI: 10.1080/00343404.2018.1447098
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