A growth model for the quadruple helix
A growth model for the quadruple helix
Author(s): Oscar Afonso, Sara Monteiro, Maria ThompsonSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: economic growth; quadruple helix; innovation systems; government expenditure; O10; O18; O31;
Summary/Abstract: We develop a R&D-based growth model with productive public expenditure in order to frame the Quadruple Helix (QH) innovation concept, based on four helices: Academia & Technological Infrastructures, Firms, Government and Civil Society. Our motivation stems from acknowledgment that the relationship between these four helices and their joint impact on growth is in need of a theoretical framework. We aim to emphasise the importance to economic growth of innovation systems structured on these four helices. The introduced model confirms theoretically the notion that increases in: (i) complementarities between distinct productive units, or (ii) in productive government expenditure, lead to higher growth.
Journal: Journal of Business Economics and Management
- Issue Year: 13/2012
- Issue No: 5
- Page Range: 849-865
- Page Count: 17
- Language: English