Levchenko, O.Tkachuk, O.Tsarenko, I.Левченко, О. М.Ткачук, О. В.Царенко, І. О.2019-02-232019-02-232018Levchenko, O. The Role of Universities and their Research Work in the Generation of Innovation. Central European Conference in Finance and Economics / О. Levchenko, O. Tkachuk, I. Tsarenko // Central European Conference in Finance and Economics (CEFE 2018). - Technical University of Košice, 2018. - P. 606-614.978-80-553-2736-5https://dspace.kntu.kr.ua/handle/123456789/8541The paper deals with the issue of generation of innovation. We analyze and assess the linear relation between innovation development and independent variables such as competitiveness of higher education (Ranking Universitas 21) and productivity of scientific research (H-index according to the SCImago Journal & Country Rank). The aim of this paper is to highlight the relationship between universities, which plays a key role in the economic development and innovation process of the collected countries. And also as well as the significance of the research work of the scientists of the universities of country in the increasing the competitiveness of the higher education system in the whole, and, as a result, the level of innovation development of the country's economy. For the purposes of this paper the analysis of these indicators of 49 countries of the world is conducted. With regard to the aim, we have set the following hypothesis: we assume that there is a statistically significant correlation between university ranking and innovation process of country, the research work of the scientists of the universities of country and university ranking and between the research work of the scientists of the universities and innovation development of country. The analysis confirmed that the innovation development has strong relationship with university ranking of country and less notable relationship with research work.enuniversityresearch workinnovation developmenth-indexproductivity of scientific researchThesis