Abstract
Abstract Nowadays, countries across the world aspire to increase their innovation for the common good. In this scope, and among others, the Triple Helix thesis emphasizes the role of collaboration between stakeholders from academia, industry and government to bring about effective innovation. Despite efforts to encourage university-industry (U-I) collaboration, bridging U-I barriers remains among the relevant economic and policy challenges. Among other aspects, it has been argued that the tendency to transfer tools from developed to underdeveloped countries hinders the capacity to obtain the full potential of U-I collaboration. As no empirical study validating such hypothesis has been identified, our study tests i/ whether U-I collaboration has a different impact on growth depending on the level of economic development, ii/ whether the impacts of specific governmental measures on U-I collaboration differ at different levels of economic development. Our findings suggest that up till now the potential of U-I collaboration remains underutilized across all levels of development. Our results show that diversified policy measures are relevant at different development levels. Furthermore, their relevance may also evolve over time. However, such factors as quality of research institutions and private R&D investments are critical across development levels and time.
Highlights
The overall level of innovation within an economy is an outcome of the performance of both the academic and industrial sectors
Calls for building strong Triple Helix relationships that enable the optimal capitalisation of the national knowledge resources and their efficient transformation into economic and social gains stem from both the academic literature and policymaker-oriented reports (Welch et al 2008; Wonglimpiyarat and Khaemasunun 2015; OECD 2019)
Lowering barriers to U-I collaboration, stimulating collaborative innovation, and creating a proper innovation environment feature among the challenges commonly ascribed to governmental actors (Ranga et al 2008; Chen et al, 2013; Runiewicz-Wardyn 2014)
Summary
The overall level of innovation within an economy is an outcome of the performance of both the academic and industrial sectors. The Triple Helix thesis points out the linkages between university and industry as critical assets for innovation performance, calling for a strategic alliance between university, industry and government for knowledge-based economic development in which governments should provide and manage the supportive framework (Etzkowitz and Leydesdorff 2000) The existence of such collaboration is associated with the increased competitiveness of the participant organisations, potential positive impacts on the quality of life by enhancing both the pool of available innovation and the quality of information and knowledge available and with general agreement over the positive impacts on regional and national economic development (Howarth and Monasterolo 2016; Hou et al 2021)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
