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