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来源类型Working Paper
规范类型报告
DOI10.3386/w25595
来源IDWorking Paper 25595
On the Economics of Science Parks
Wen-Jung Liang; Chao-Cheng Mai; Jacques-François Thisse; Ping Wang
发表日期2019-02-25
出版年2019
语种英语
摘要Science parks play a growing in knowledge-based economies by accommodating high-tech firms and providing an environment that fosters location-dependent knowledge spillovers and promote R&D investments by firms. Yet, not much is known about the economic conditions under which such entities may form in equilibrium without government interventions. This paper develops a spatial equilibrium model with a competitive final sector and a monopolistic competitive intermediate sector, which allows us to determine necessary and sufficient conditions for a science park to emerge as an equilibrium outcome. We show that strong localized knowledge spillovers, high startup costs, skilled labor abundance, or low commuting costs make intermediate firms more likely to cluster and a science park more likely to form. We also show that the productivity of the final sector is highest when intermediate firms cluster. As the decay penalty, firms' startup and workers' commuting costs become lower, science parks will eventually be fragmented.
主题Microeconomics ; General Equilibrium ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w25595
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583269
推荐引用方式
GB/T 7714
Wen-Jung Liang,Chao-Cheng Mai,Jacques-François Thisse,et al. On the Economics of Science Parks. 2019.
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