Abstract

Regions can become developed through support policies, appropriate legislation and effective institutional frameworks. Science and technology parks have potential in regional development. Regional differences and different social and economic backgrounds require different strategies for achieving the development, therefore different features and capabilities are necessary in science and technology parks. The aim of this study was to investigate the capability of scientific and technological town on local economic development. The paradigm of this research is quantitative and objective is practical which is implemented by correlation method. Statistical population of survey contains 196 companies in Isfahan STP and 75 companies were estimated as the sample size by using Cochran formula and the samples were selected by using the random sampling. The main tool of research was a questionnaire which its validity was confirmed by a panel of experts and reliability of research confirmed by Cronbach's alpha coefficient (0.75). The results showed that the most important capability in STP is strong Participation in knowledge and learning procedures in the region. The exploratory factor analysis was utilized in the classification of capabilities and the results showed that five factors are accounted for 55.08% of features and capabilities of STP. These capabilities include the facilities and infrastructures (26.22%), human capital (8.22%), market (7.68%), communication factor (6.59%) and support factor (6.36%).

Keywords:

Factor analysis, regional development, science and technology park,

References

Competing interests

The authors have no competing interests.

Open Access Policy

This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

Copyright

The authors have no competing interests.