Innovation and competitiveness of universities – an empirical research

Abstract

The paper aims at investigating through an empirical research what is the interconnection between innovativeness on country level (based on The Global Innovation Index) and university competitiveness (based on the world university ranking U-Multirank). As a result of statistical analyses, we present the main indicators, part of university competitiveness, which are significant for the Global Innovation Index of a country. The results are based on data from 44 countries and 1394 universities. In addition, the end-result of the study presents a full picture of the interaction between educational innovations for achieving and improving main challenges in universities and universities main functions all together with the relevant indicators, bringing innovation performance on country level.