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Do Industrial Parks Improve the Performance of Their Tenant Firms in Korea? : Focused on the Small and Medium-Sized Manufacturing Firms
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Type
Academic journal
Author
Song, Ji-Hyun (University of Seoul) Choi, Seok-Joon (University of Seoul)
Journal
Korea Planning Association Journal of Korea Planning Association Vol.51 No.3(Wn.221) KCI Excellent Accredited Journal
Published
2016.6
Pages
37 - 57 (21page)
DOI
10.17208/jkpa.2016.06.51.3.37

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Do Industrial Parks Improve the Performance of Their Tenant Firms in Korea? : Focused on the Small and Medium-Sized Manufacturing Firms
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The Korean economy has maintained a rapid growth with industrial parks. Do industrial parks established by the government for political reasons improve the performance of their tenant firms? To answer this question, this paper examines whether on-park firms perform better than off-park firms do. Annual data over a 3-year-period from 2011 to 2013 are utilized for analysis using OLS and propensity score matching methods for identifying the differences between the performances of on- and off-park firms in each zone. The results of regression analysis on the location effects that are different for firms outside the industrial parks proved that the hypothesis was correct only for the number of patents (zones A and C). The hypothesis is not supported by the analysis using propensity score matching. Therefore, there is no evidence to suggest that industrial parks improve the performances of their tenant firms.
#Industrial Park #Manufacturing Industry #Patent Application #Propensity Score Matching

Contents

Abstract
Ⅰ. Introduction
Ⅱ. Literature Reviews
Ⅲ. Status
Ⅳ. Model
Ⅴ. Results
Ⅵ. Conclusions
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