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

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posted on 2018-03-22, 15:29 authored by Josep-Maria Arauzo-Carod, Agustí Segarra-Blasco, Mercedes Teruel

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.

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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