QUINTUPLE HELIX MODEL: INVESTMENT ASPECTS OF HIGHER EDUCATION IMPACT ON SUSTAINABILITY

Authors

  • Nataliia Kholiavko Chernihiv Polytechnic National University
  • Veronica Grosu Stefan cel Mare University
  • Yuriy Safonov Kyiv National Economy University Named After Vadym Hetman
  • Artur Zhavoronok Yuriy Fedkovych Chernivtsi National University
  • Cristina Gabriela Cosmulese Stefan cel Mare University.

Keywords:

higher education system, investment, Quintuple Helix Model, sustainability, Sustainable Development Goals

Abstract

The interdisciplinary analysis of sustainability requires an in-depth study of interactions between different economic entities, and identifying investment aspects of developing relations between them. The concept of Quintuple Helix Model allowed to analyze the interactions and mutual influence between universities, industry (business), government, civil society and the natural environment. Within the Quintuple Helix Model, the central role in the development of the economy is given to knowledge and their transfer between the various subsystems of the Model. The higher education subsystem occupies a special place in the Model because of such reasons: 1) within the educational activity, universities train highly qualified personnel for the national economy; 2) within the extracurricular activity, universities develop new green consciousness of the young generation that is crucial for further sustainable development of the national economy; 3) within the research activity, universities develop innovative regenerative technologies and environmental-friendly technologies.  Universities provide the generation, transfer and diffusion of sustainable knowledge in society and business. Synergy of higher education (universities), business (industry), government, public (civil society) is able to create a foundation for sustainable development of the national economy, increase the level of environmental protection, reduce the CO2 emissions, ensure rational use of exhaustive resources, create new green products and raise the standard of living of the country's population.

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Author Biographies

Veronica Grosu, Stefan cel Mare University

Dr. Sc., Professor, Stefan cel Mare University.

Address: 13 Universitatii Str., 720229, Suceava, Romania

Yuriy Safonov, Kyiv National Economy University Named After Vadym Hetman

Dr. Sc., Professor, Kyiv National Economy University Named After Vadym Hetman.

Deputy Director of Scientific Institute of Education Content Modernization

Artur Zhavoronok, Yuriy Fedkovych Chernivtsi National University

PhD, Associate Professor, Yuriy Fedkovych Chernivtsi National University

Cristina Gabriela Cosmulese, Stefan cel Mare University.

PhD, Assistant Professor, Stefan cel Mare University.

Address:13 Universitatii Str., 720229, Suceava, Romania

Published

2021-05-12

How to Cite

Kholiavko, N., Grosu, V., Safonov, Y., Zhavoronok, A., & Cosmulese, C. G. (2021). QUINTUPLE HELIX MODEL: INVESTMENT ASPECTS OF HIGHER EDUCATION IMPACT ON SUSTAINABILITY. Management Theory and Studies for Rural Business and Infrastructure Development, 43(1), 111–128. Retrieved from https://ejournals.vdu.lt/index.php/mtsrbid/article/view/2186

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