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Science and technology parks and firm growth

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  • Arauzo Carod, Josep Maria
  • Segarra Blasco, Agustí, 1958-
  • Teruel, Mercedes

Abstract

This paper aims to contribute to understanding the role played by Science and Technology Parks in fostering firm growth. Public policies have given such parks a central role but empirical research has not come to a consensus on whether there is a link between in†park location and firm growth. Applying a matching procedure to our mercantile register data we obtain a database of 286 in†park firms, together with 268 out†park firms. Our results show that in†park firms show greater growth rates and volatility than their counterparts, but we do not find evidence of their capacity to obtain larger long†term debts. Keywords: science and technology parks, firm location, firm growth. JEL codes: L25, O30, R11, R58

Suggested Citation

  • Arauzo Carod, Josep Maria & Segarra Blasco, Agustí, 1958- & Teruel, Mercedes, 2016. "Science and technology parks and firm growth," Working Papers 2072/266576, Universitat Rovira i Virgili, Department of Economics.
    • Handle: RePEc:urv:wpaper:2072/266576
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Parcs tecnològics; Localització industrial; Economia regional; Empreses -- Creixement; Innovacions tecnològiques -- Aspectes econòmics; 332 - Economia regional i territorial. Economia del sòl i de la vivenda;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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