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Science and technology parks and firm growth

Josep Maria Arauzo Carod, Segarra Blasco, Agustí, 1958- and Mercedes Teruel
Authors registered in the RePEc Author Service: Josep-Maria Arauzo-Carod ()

Working Papers from Universitat Rovira i Virgili, Department of Economics

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

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 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-sbm and nep-ure
Date: 2016
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