The examination of the Triple Helix Econometric Model within regional innovation systems offers a valuable perspective on enhancing the dynamics and synchronization between different stakeholders in the economic framework. This model underscores the critical role of collaboration between the University, Industry, and Government, alongside other crucial entities, in steering both the trajectories of innovation and the broader economic growth. This holistic view addresses the strategic alliances that foster technological advancement and regional economic expansion.
The article explores the applications of econometric analysis and quantitative approaches in assessing the innovative development of regions, guided by the Triple Helix model. It employs a specialized software created in Python to facilitate this analysis. The study leverages a dataset sourced from official innovation-focused government websites, comprising 18 essential statistical indicators pivotal for fostering regional innovation economies. The findings from the econometric computations align closely with the economic activity rankings provided by the National Research University "Higher School of Economics," corroborating the effectiveness of the software in addressing econometric problems. This validation highlights the software's potential in analyzing the collaborative dynamics among Universities, Industry, and Government within the Triple Helix framework.
The suggested software facilitates an in-depth analysis and evaluation of the innovation sector across different economic and political entities. It serves experts in scientific projects, innovation management, and economic development, along with regional analysis hubs and research institutions that scrutinize and track economic patterns within territories.
This study enhances the functional aspects of the economy by employing quantitative techniques to address real-world problems associated with the growth of regional innovation economies. It does so through the utilization of econometric methods applied to the Triple Helix Theory Model, which integrates industry, academia, and government to foster economic development