Author(s)

Xiaochun Wu, Yang Chen

Corresponding Author

Yang Chen

ABSTRACT

Based on the stakeholder theory and market failure theory, this paper explores the mechanism of how to promote local economic development through collaborative innovation between government, industry, university, research and user(GIURU), using a single case study approach, and discusses how to use collaborative innovation between GIURU to alleviate the plight of local shipping enterprises and improve the efficiency of local shipping enterprises, so as to adapt to the national "carbon neutral" long-term policy trend and to meet the future transportation needs of the Beijiang River, thus promoting local economic development. This paper illustrates the principle of collaborative innovation between GIURU, and analyzes four key points to successfully promote local economic development with collaborative innovation: the coordinated driving force between government department policy support and enterprise development demand, market and government failure, the establishment of GIURU platform, and win-win cooperation between GIURU. This paper has significance in the theoretical innovation of GIURU.

KEYWORDS

GIURU, Collaborative innovation, Regional economic development, Inland river development