A growth model for the quadruple helix

• Author(s): Afonso, Óscar ; Monteiro, Sara ; Thompson, Maria João Ribeiro
• Date: 2012
• Persistent ID: http://hdl.handle.net/1822/22680
• Origin: RepositóriUM - Universidade do Minho
• Subject(s): Economic growth; Quadruple helix; Innovation systems; Government expenditure
• Document Type: Article
• Language: English

Description

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 Infraestructures, 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.