A Theoretical and Empirical Analysis of the Decision to Locate on a University Research Park
23 Pages Posted: 11 May 2006
Date Written: April 2006
University research parks constitute a potentially important mechanism for university technology transfer and regional economic development. Unfortunately, there is little theoretical and empirical evidence on the firm-level choice decision to locate on such a facility. We fill this gap by outlining and testing a theoretical model of this selection process. Our empirical results suggest that firms locating on university research park are more research active and more diversified than observationally equivalent firms.
Keywords: Science Parks, R&D, Productivity, University Technology Transfer
JEL Classification: O32, O33, O38, L31
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