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The Effects of University-Industry Collaboration in R&D on the Global Competitiveness of the Countries
Abstract
Today, countries as well as companies face high competition conditions at the global level. In order to increase the level of competition for both firms and countries, it is vital to implement technological changes and innovations based on research and development (R&D). In this respect, university-industry collaboration in R&D has an important role to play in increasing such technological changes and innovations in order to improve the competitiveness of both firms and countries. In this context, the main aim of this study is to analyze the effects of university-industry collaborative R&D on the global competitiveness of countries throughout the world using statistical techniques. This study finds that the global competitiveness of countries increases in proportion to increased university-industry collaborative R&D. Therefore, the study seeks to help decision makers at both the firm and national levels to design better policies and strategies for university-industry R&D collaboration to achieve sustainable global competitiveness and economic growth.
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