University and business cooperation as a determinant of the knowledge economy development

Ligonenko Larysa
Doctor of Economics, Professor of Business Economics and Entrepreneurship Department, Kyiv National Economic University named after Vadym Hetman, Ukraine, e-mail: Larisa.ligonenko@kneu.edu.ua, ORCID ID: https://orcid.org/0000-0001-5597-5487

Cite this article:

Ligonenko, L. (2023). University and business cooperation as a determinant of the knowledge economy development [Spivpratsia universytetiv ta biznesu yak determinanta rozbudovy ekonomiky znan], Socio-economic research bulletin, Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 3-4 (86-87), pp. 22-36.

Abstract

The article considers the state of publishing activity devoted to the knowledge economy in Ukrainian and international scientific periodicals. The author focuses on the role and value of university-business cooperation in the field of R&D as a determinant of the development of the Knowledge Economy and a source of unique business-oriented knowledge. The purpose of this article is evaluation of the current state of cooperation between universities and business in the field of R&D, the argumentation of the priority of developing such cooperation to prepare countries for activities in the Knowledge Economy conditions. Based on the results of an international survey, the analysis of the activity of cooperation between universities and businesses in the field of R&D showed that there is a generally low activity level (3.788 on a 7-point scale) and significant national differences. A comparative analysis of the activity of cooperation between universities and business in the field of R&D was carried out using the author’s methodological tools  positioning of countries in the matrix «University-Business Cooperation (UIC)» – «Knowledge Economy Index (GKI)» – allowed to identify the belonging of individual countries to such groups as: «Leaders», «Generators», «Transmitters», «Waiting». The role of scientific cooperation between universities and business in these countries is characterized and strategic tasks for each group of countries are defined. The author underlined that Ukraine is in the group of «Waiting» (GKI = 3.491 and UIC = 47.6), but there is a chance to move in the short term to the quadrant of «Generators», and strategically to enter the cohort of «Leaders» of the Knowledge Economy. To do this, all stakeholders should realize the role of university-business cooperation as a determinant of the development of the knowledge economy. The conducted correlation and regression analysis between the parameters characterizing the development of cooperation (UIC), components and the overall rating assessment of the development of the knowledge economy (GKI) allowed verifying the hypothesis about the leading role of scientific cooperation between universities and business for the formation of the Knowledge Economy and international recognition of the acquired achievements. There is a strong positive linear correlation between the UIC and GKI arrays: with the RDI sub-index (research, development and innovation) – 0.7695; with the overall GKI rating – 0.7600; with the ICT sub-index (information and communication technologies) – 0.7221; with the E sub-index (economic development) – 0.74439. Some recommendations for the practical use of the research results are given: the calculated equation of linear regression dependence can be the basis for forecasting the position of individual countries within the Knowledge Economy Index, used to model the effects of projects and initiatives aimed at intensifying cooperation between universities and businesses in the field of R&D.

Keywords

knowledge economy; cooperation between universities and business; R&D; innovation; knowledge; ICT; economic development; ranking; positioning; correlation and regression analysis.

JEL classification:І230; І250; О150; О320; С870; DOI:https://doi.org/10.33987/vsed.3-4(86-87).2023.22-36

UD classification: 37.014.54:330.341.1+378.4:334.7]:330.43

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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