The Application of the Knowledge-Based Model of Growth in Greece

International bodies, supranational and national entities have laid emphasis on research, technology and innovation already since mid-1990s, in order to enforce growth potential. On the contrary, in Greece, state intervention in research and technology had not served strategic, growth goals, even as part of industrial policy.This was considered to be a serious differentiation between the greek practice and that of other E.U. member states that intended to increase their competitive advantage via investment in well-educated human capital, raised productivity rates and products of high added value. This work analyses the application of the knowledge-based model of growth in Greece, focusing on national research policy''s structure and failures, examining its inefficiencies.