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Towards a knowledge-based economy: does the Cyprus R&D capability meet the challenge?

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  • Bernard Musyck
  • Athanasios Hadjimanolis

Abstract

This paper highlights the need for Cyprus, a small peripheral European country, to become a knowledge-based economy, as a way to increase living standards in the long run. Key factors for a successful transition to the knowledge economy are improved education, appropriate funding for research and development (R&D) in basic and applied sciences, and, in particular, appropriate mechanisms of technology transfer, from the laboratories to the companies. The paper reviews the existing R&D infrastructure in Cyprus, with special emphasis on its links with industry. Overall, the evidence indicates that Cyprus is lagging behind in research-industry collaboration and is also suffering from a severe atrophy of its own research infrastructure. Copyright , Beech Tree Publishing.

Suggested Citation

  • Bernard Musyck & Athanasios Hadjimanolis, 2005. "Towards a knowledge-based economy: does the Cyprus R&D capability meet the challenge?," Science and Public Policy, Oxford University Press, vol. 32(1), pages 65-77, February.
    • Handle: RePEc:oup:scippl:v:32:y:2005:i:1:p:65-77
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    File URL: http://hdl.handle.net/10.3152/147154305781779650
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    Cited by:

    1. Vlado Simeunovic & Sanja Milic & Andor Pajrok, 2022. "Higher Education in the Eyes of Economic Operators," Sustainability, MDPI, vol. 14(13), pages 1-16, June.
    2. Kapetaniou, Chrystalla & Lee, Soo Hee, 2017. "A framework for assessing the performance of universities: The case of Cyprus," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 169-180.

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