«Business-Education-Science» Coopetition and Innovation Transfer for Sustainable Developmen

Abstract

Today «business-education-science» coopetition is an innovative approach to achieving sustainable development goals on different levels of economy and in various spheres of human life. In particular, there is great potential in the context of the fourth, eighth, and ninth sustainable development goals. That is why the article aims to analyze key trends and empirically prove and formalize the impact of «business-education-science» coopetition on sustainable development. The key directions of multidisciplinary study on «business-education-science» coopetition for sustainable development are determined by bibliometric analysis of 6035 documents for 38 years using the Scopus database tools and VOSviewer software. The obtained results allowed to form 7 clusters of multidisciplinary studies on this issue. A comparative analysis of Ukraine and the top 10 countries' levels of sustainable development, innovation development, and business-education competition were conducted. Besides a dynamic analysis of sustainable and innovation development in Ukraine, a dynamic analysis of business and education coopetition in Ukraine, Finland, Denmark, and Sweden was made for 2012-2021. The sample from the top 10 countries in the Sustainable Development Rating in 2021 (Finland, Denmark, Sweden, Norway, Austria, Germany, France, Switzerland, Ireland, and Estonia) are formed for 10 past years (2012-2021) to investigate the relationship between the level of «business – education – science» coopetition and the level of sustainable development, in particular the scores of University-Industry Collaboration Indicator and Sustainable Development Index. The Shapiro-Wilk test for normal data and Pearson / Spearman correlation analysis was used at the first stage of empirical confirmation of the hypothesis about the impact of «business – education – science» coopetition on sustainable development. In the second stage, the regression model of system dynamic panel-data estimation (The Arellano–Bover / Blundell–Bond model) is built to formalize and determine this impact. Then Arellano-Bond test for zero autocorrelation in first-differenced errors is made to show that there is no present evidence that the model is misspecified. It is proved that if the level of «business – education – science» coopetition (on the example of the score of the University-Industry Collaboration Indicator) increases by 1%, the level of sustainable development (in particular, the score of the Sustainable Development Index) will increase on 0,04% too. The obtained results could be useful for business, education, science institutions, and governance for further research and strengthening sustainable and innovation development levels.