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

Identifier:  imarina:5132029

Handle: https://hdl.handle.net/20.500.11797/imarina5132029

Authors:  Arauzo-Carod, Josep-Maria; Segarra-Blasco, Agusti; Teruel, Mercedes

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.