'Fourth Generation' Universities and Regional Development
academia.edu 9: Paper 14148905. (2017) San Francisco, California
18 Pages Posted: 25 Aug 2017 Last revised: 5 Feb 2021
Date Written: October 17, 2017
Nowadays the competitiveness of regions is affected and altered by globalization and other background processes that serve as arrangers of regional structure and for this reason they deserve attention. In the global competition, immaterial assets like knowledge or social capital become key aspects, and engines of economic development. In regional studies, knowledge is identified as a crucial factor of regional development.
Knowledge became the main asset of production, it is considered as a new engine of economic development, hereby the role of knowledge, innovation, technology and learning is necessary to be reconsidered. This can also be derived by the fact that the presence of innovation fundamentally determines the competitiveness of regions and continuous innovation is required to obtain competitive edge. We can point out that the competitive edge of developed economies mainly relies on their ability to create and utilize knowledge.
Keywords: university, economic development, diamond-model
JEL Classification: I23, O31, R11, C18, D80, I20, I25, M10, M20, O18, O20, O30, O32, O35, O40, P25, P48, R10, R50, R58
Suggested Citation: Suggested Citation