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    The Economic and Social Value of Science and Technology Parks. The Case of Tecnocampus

    Autor: 
    Torres-Pruñonosa, Jose
    ;
    Raya, Josep María
    ;
    Dopeso-Fernández, Roberto
    Fecha: 
    23/12/2020
    Palabra clave: 
    economic value; social value; science and technology parks; input-output model; social accounting matrix; cost benefit analysis; Catalonia; Spain; JCR; Scopus
    Revista / editorial: 
    Frontiers in Psychology
    Citación: 
    Torres-Pruñonosa J, Raya JM and Dopeso-Fernández R (2020) The Economic and Social Value of Science and Technology Parks. The Case of Tecnocampus. Front. Psychol. 11:632600. doi: 10.3389/fpsyg.2020.632600
    Tipo de Ítem: 
    Articulo Revista Indexada
    URI: 
    https://reunir.unir.net/handle/123456789/10834
    DOI: 
    https://doi.org/10.3389/fpsyg.2020.632600
    Dirección web: 
    https://www.frontiersin.org/articles/10.3389/fpsyg.2020.632600/full
    Open Access
    Resumen:
    This article aims to measure both the economic and social value of Tecnocampus, a Science and Technology Park in its region of influence (Mataró city in the Maresme region of Catalonia, Spain). Our results show that the impact of Tecnocampus has a socioeconomic cost–benefit ratio of 2.39. Measuring the impact of this multifaceted centre requires a diverse approach. Although the methods used are not new, the combination of them presents a novel approach to measure the impact of an institution of this nature. We have measured the economic value with the Input–Output model, including the Social Accounting Matrix. On the other hand, for social value calculations, we have used cost–benefit analysis adding measurements of firm localisation to estimate externality effects. Our main results present an economic value of more than 0.054% of the Catalan GDP, whereas the employment impact represents almost 0.37% of total employment in the region. The total economic multiplier of Tecnocampus activity is estimated to be 1.89. Social value generates an additional 0.50 euros to the multiplier according with our analysis. This additional social value represents an increase of productivity estimated in 20 million euros of operational income for Catalan firms and the creation of seven additional firms in the Maresme region as a result of knowledge spillovers. The social value also includes reduction of over-education caused by a better matching between graduates and enterprises, a more direct application of research, and an increase in consumer surplus. Finally, we discuss the policy implications of our findings to promote investments in this kind of infrastructures.
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