The economics of university research parks
In recent years, there has been a substantial increase in public and private investment in university
research parks (URPs). URPs are important as an infrastructural mechanism for the transfer of academic
research findings, as a source of knowledge spillovers, and as a catalyst for national and regional economic
growth. We present international evidence on the growth of URPs, review the academic literature on URPs,
and outline an agenda for additional theoretical and empirical research on this topic.