Investing In Industrial-Technology Parks In City Development - A Cost-Benefit Analysis

Abstract

Cities are growing both quantitatively and qualitatively. The quantitative development of a city can be identified with the spatial expansion and changes in the function of certain areas. The city's development, therefore, requires the reconstruction of the spatial layout, but also needs certain capital expenditures, as exemplified by industrial-technology parks (ITPs). ITPs are a combination of the infrastructure function and performance which enable the exchange of information between scientific organizations and entrepreneurs. They are, therefore, a pro-development component of the urban development strategy. The aim of the study is to identify and quantify selected costs and benefits, as well as estimate the effectiveness of establishing certain parks from the point of view of local government units.

Keywords

• city development
• industrial-technology parks
• cost-benefit analysis
• d61
• d62
• h43
• h54
• o18
• o22