Regional university as the core of innovation cluster formation

The presence of a regional university is an important factor in the development of an innovative environment both at the level of the region and the regional cluster. Ideas, methods, patents, «know-how», the results of scientific research and design developments, arising at the university level, are implemented in the economic, educational and social environment of the region. Important is the very frequency and significance of the emergence of innovative improvements, as well as the quality of implementation of the improvements that have arisen in economic practice at the regional level. These two factors determine the status of a regional university in the regional cluster and the university environment as a whole. The article simulates the factors that determine the effectiveness of the university at the regional level.

Keywords: innovation environment, university, knowledge spillover effect, production function of higher education, network effect, implementation of innovative improvements, university efficiency at the regional level.

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