<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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 CO<sub>2</sub> emissions, ensure rational use of exhaustive resources, create new green products and raise the standard of living of the country’s population.</p>
</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.

Quintuple Helix Model: Investment Aspects of Higher Education Impact on Sustainability

Dr. Sc., Associate Professor, Chernihiv Polytechnic National University

Dr. Sc., Professor, Stefan cel Mare University

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

PhD, Associate Professor, Yuriy Fedkovych Chernivtsi National University

PhD, Assistant Professor, Stefan cel Mare University

Management Theory and Studies for Rural Business and Infrastructure Development

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The interdisciplinary analysis of sustainability requires an in-depth study of interactions between different economic entities, and identifying investment...

Quintuple Helix Model: Investment Aspects of Higher Education Impact on Sustainability

Online veröffentlicht: 12. Mai 2021

Seitenbereich: 111 - 128

Eingereicht: 20. Jan. 2021

Akzeptiert: 01. März 2021

DOI: https://doi.org/10.15544/mts.2021.10

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

© 2021 Nataliia Kholiavko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Quintuple Helix Model: Investment Aspects of Higher Education Impact on Sustainability

Online veröffentlicht: 12. Mai 2021

Seitenbereich: 111 - 128

Eingereicht: 20. Jan. 2021

Akzeptiert: 01. März 2021

DOI: https://doi.org/10.15544/mts.2021.10

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

© 2021 Nataliia Kholiavko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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