2018
DOI: 10.1108/wjemsd-05-2017-0021
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A study on the role of science and technology parks in development of knowledge-based economy

Abstract: Purpose Science parks play an important role in development of technology and are able to stimulate economic growth of the countries. The purpose of this paper is to study the role that science and technology parks (STPs) play in growth of knowledge-based economy. Design/methodology/approach Key factors affecting the competitive advantages and the World Bank indicators resulting in knowledge-based economy were displayed in the form of a questionnaire which was examined by experts. The questionnaire was desig… Show more

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Cited by 15 publications
(9 citation statements)
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References 29 publications
(21 reference statements)
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“…To analyze the collected data, we used structural equation modeling technique which is a second-generation data analysis technique. The partial least squares technique is a powerful component-based method widely used in prior studies (Abd Razak et al, 2016;Acaray and Yildirim, 2017;Farooq, 2018;Farrukh et al, 2017;Khanmirzaee et al, 2018;Mashahadi et al, 2016;Mohammed et al, 2017;Namagembe et al, 2016;Namagembe et al, 2017;Riaz et al, 2016;Srinita, 2018;Ziyae, 2016).…”
Section: Data Analysis and Resultsmentioning
confidence: 99%
“…To analyze the collected data, we used structural equation modeling technique which is a second-generation data analysis technique. The partial least squares technique is a powerful component-based method widely used in prior studies (Abd Razak et al, 2016;Acaray and Yildirim, 2017;Farooq, 2018;Farrukh et al, 2017;Khanmirzaee et al, 2018;Mashahadi et al, 2016;Mohammed et al, 2017;Namagembe et al, 2016;Namagembe et al, 2017;Riaz et al, 2016;Srinita, 2018;Ziyae, 2016).…”
Section: Data Analysis and Resultsmentioning
confidence: 99%
“…All the axes of technological usage in the country are enhanced. As explained by Khanmirzaee et al (2018), the roles of technological advancement and consumption by the population are the most essential element contributing towards the growth of a knowledge-based economy system. However, the increase usage is not the assurance of sustainability of a knowledge-based economy.…”
Section: Discussionmentioning
confidence: 99%
“…Nowadays, development of the resources needed to successfully compete in a globalised digital economy is linked to local and regional innovation systems (Asheim et al, 2016;Belenov et al, 2020;Polyakov and Stepanova, 2020). Here, a pivotal role is played by science Firms in the digital economy and technology parks (STPs), which are regarded as an important policy tool for local, regional and national economic development (Arauzo-Carod et al, 2018;Khanmirzaee et al, 2018;Albahari, 2021).…”
Section: Firms In the Digital Economymentioning
confidence: 99%