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Does the Location in Science and Technology Parks Foster the Employment Growth of Firms?

Author

Listed:
  • Júlio Paulo Silva Martins

    (Higher School of Management)

  • María Jesús Rodríguez-Gulías

    (Universidade de Santiago de Compostela, Santiago de Compostela)

  • David Rodeiro-Pazos

    (Universidade de Santiago de Compostela, Santiago de Compostela)

  • Raul Rios-Rodríguez

    (Universidade de Santiago de Compostela, Santiago de Compostela)

Abstract

One of the main objectives of science and technology parks (STPs) is to contribute to regional development through the creation of skilled jobs in the territory where they are located. However, despite the expansion of these infrastructures over the last decades and the governmental support they receive, there is very little empirical evidence on how these infrastructures affect the employment growth of the firms located there. The aim of this paper is to examine whether the location in STPs has positive effects on employment growth at the firm level. We analysed a sample of 553 Portuguese firms located on STPs and a control group of the same size of comparable firms located outside STPs, applying a dynamic panel data model methodology. The empirical evidence does not allow to prove that location in STPs has positive effects on employment growth, which raises the need to rethink the policies supporting these parks.

Suggested Citation

  • Júlio Paulo Silva Martins & María Jesús Rodríguez-Gulías & David Rodeiro-Pazos & Raul Rios-Rodríguez, 2024. "Does the Location in Science and Technology Parks Foster the Employment Growth of Firms?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 9538-9555, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01466-8
    DOI: 10.1007/s13132-023-01466-8
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    More about this item

    Keywords

    Science and technology parks; Employment growth; Location effects; Regional development; Dynamic panel data;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • 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

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