Chapter

Coupling Effects of Regional Economy and Local Universities Construction

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Abstract

The development of local universities pulls the development of the regional economy and the development of regional economy provides a platform for the local universities to develop and makes them vigorously in return. This chapter will discuss the coupling effects of the regional economy and local universities. It is believed that the coupling effects between the regional economy and the local universities should be strengthened and the suggestions will be given.

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Over the last few decades there has been a growing interest among researchers to explore the role of universities to wider societies. Nowadays universities are no longer just seen as an institution that is engaged in delivering knowledge to new generations rather they are now seen as institutions that have wider impact on society and economies at local and national level. This study therefore sets out to provide a general overview of the role of universities in local economic development by randomly reviewing literature. The study focuses on three key aspects: university-industry relationship; entrepreneurial universities; and its contribution to regional economy. The study shows that universities play a major role in shaping regional economy where regional government policy is a key to its integration with industries. The study also points out that there is a need to push more entrepreneurial activities as it promotes innovation and regional development. Further study also reveals that empirical studies are required to investigate the links between universities and local economic development.
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