Public R&D and Science – Industry Links in Economic Development: Implications for Bosnia and Herzegovina
Public R&D and Science – Industry Links in Economic Development: Implications for Bosnia and Herzegovina

Author(s): Slavo Radošević
Subject(s): National Economy, Business Economy / Management, Higher Education , Economic development, Socio-Economic Research
Published by: Akademija Nauka i Umjetnosti Bosne i Hercegovine
Keywords: Research & Development; Science industry links; ‘Triple Helix’; Technology Upgrading;
Summary/Abstract: The paper presents the current understanding of the role of public R&D in economic growth and the science–industry links from middle-income economies like Bosnia and Herzegovina (BiH). In the second part, we present the conventional view on science–industry links which see these linkages primarily in terms of a one-way transfer of knowledge or its commercialisation from R&D to the business enterprise sector. Based on the comparative data, which also includes BiH, we show an alternative approach and argue about its relevance in the context of BiH. Our conclusion is that science–industry links (SIL) should support technology upgrading and not (or not only) R&D based growth. In the next section, we present the current understanding of the role of public R&D in economic growth. Section two explores the role of public R&D in the catching up context, while section 3 explores specifically the role of science-industry links in catching up context. Section 4 proposes a ‘Triple Helix’ approach to science - industry linkages for catching up economies. We illustrate its features within the data for the central and east European economies. Finally, section 5 concludes with implications for BiH.

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