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The Growth of U.S. Science and Technology Parks: Does Proximity to a University Matter?

Author

Listed:
  • Kelsi, Hobbs

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

  • Albert, Link

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

  • John, Scott

    (Dartmouth College)

Abstract

In this paper, we present a generalized model of U.S. university science and technology parks, and we identify covariates that might serve as target variables not only to perpetuate the growth of existing parks but also to provide information for those nations, regions, and universities starting new parks. Relevant covariates are the distance between the park and the university and if the park was founded during the information and communications technology (ICT) revolution (post-2000).

Suggested Citation

  • Kelsi, Hobbs & Albert, Link & John, Scott, 2017. "The Growth of U.S. Science and Technology Parks: Does Proximity to a University Matter?," UNCG Economics Working Papers 17-8, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2017_008
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    References listed on IDEAS

    as
    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. Feldman, Maryann P. & Kogler, Dieter F., 2010. "Stylized Facts in the Geography of Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 381-410, Elsevier.
    4. Siegel, Donald S. & Westhead, Paul & Wright, Mike, 2003. "Assessing the impact of university science parks on research productivity: exploratory firm-level evidence from the United Kingdom," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1357-1369, November.
    5. Westhead, Paul & Cowling, Marc, 1995. "Employment Change in Independent Owner-Managed High-Technology Firms in Great Britain," Small Business Economics, Springer, vol. 7(2), pages 111-140, April.
    6. Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-640, June.
    7. Albert Link & John Scott, 2006. "U.S. University Research Parks," Journal of Productivity Analysis, Springer, vol. 25(1), pages 43-55, April.
    8. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-970, December.
    9. James D. Adams & Adam B. Jaffe, 1996. "Bounding the Effects of R&D: An Investigation Using Matched Establishment-Firm Data," RAND Journal of Economics, The RAND Corporation, vol. 27(4), pages 700-721, Winter.
    10. Leyden, Dennis Patrick & Link, Albert N., 2015. "Public Sector Entrepreneurship: U.S. Technology and Innovation Policy," OUP Catalogue, Oxford University Press, number 9780199313853.
    11. Meric S. Gertler, 2003. "Tacit knowledge and the economic geography of context, or The undefinable tacitness of being (there)," Journal of Economic Geography, Oxford University Press, vol. 3(1), pages 75-99, January.
    12. 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.
    13. Link, Albert N & Link, Kevin R, 2003. "On the Growth of U.S. Science Parks," The Journal of Technology Transfer, Springer, vol. 28(1), pages 81-85, January.
    14. Michael Gallaher & Jeffrey Petrusa, 2006. "Innovation in the U.S. Service Sector," The Journal of Technology Transfer, Springer, vol. 31(6), pages 611-628, November.
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    Cited by:

    1. Alberto Albahari & Andrés Barge-Gil & Salvador Pérez-Canto & Paolo Landoni, 2023. "The effect of science and technology parks on tenant firms: a literature review," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1489-1531, August.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Link, Albert & Scott, John, 2018. "Geographic Proximity and Science Parks," UNCG Economics Working Papers 18-4, University of North Carolina at Greensboro, Department of Economics.
    7. Maxim A. Yurevich, 2022. "Factors of Growth in Income from Research Activities in Universities of the Russian Federation," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 21(4), pages 795-817.
    8. Kelsi G. Hobbs & Albert N. Link & Terri L. Shelton, 2020. "The Regional Economic Impacts of University Research and Science Parks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(1), pages 42-56, March.
    9. Lachang Lyu & Weiping Wu & Haipeng Hu & Ru Huang, 2019. "An evolving regional innovation network: collaboration among industry, university, and research institution in China’s first technology hub," The Journal of Technology Transfer, Springer, vol. 44(3), pages 659-680, June.
    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; technology park; geographic location; ICT;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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