Government‐driven industrial clusters have attracted considerable attention from academic research as well as practical fields, mainly because of their contributions to regional economic growth and sustainable innovation performance. This article investigates the impact of government‐driven industrial districts on the efficiency of new technology‐based firms in information and communications technology industries. Using a meta‐frontier analysis with a unique Korean start‐up dataset, we find that the government's provision of industrial districts increases firm efficiency level compared with that of others outside the districts. Specifically, being located in industrial districts not only improves the efficiency of individual start‐ups but also positively affects the maximum efficiency levels that firms can achieve. Our findings suggest that locational support by public administration, such as utility infrastructure, tax benefits and inter‐firm informal network opportunities, enhances firms' dynamic capability to search for and combine resources to create new markets and innovations, especially for newly established technology firms.

中文翻译：

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政府主导的工业区对韩国新技术公司的能力提升作用

政府主导的产业集群受到学术研究和实践领域的广泛关注，主要是因为它们对区域经济增长和可持续创新绩效做出了贡献。本文研究了政府主导的工业区对信息和通信技术行业中基于新技术的公司效率的影响。通过使用具有独特的韩国初创数据集的元边界分析，我们发现，政府提供的工业区与区域外的其他公司相比，提高了公司的效率水平。特别是，位于工业区不仅会提高单个初创企业的效率，而且还会积极影响企业可以达到的最高效率水平。