%0 Journal Article %T Knowledge Circulation between Universities, Public Research Organizations and Business in the EU 27. Drivers, Barriers, Actions to be put Forward %A Cristina £¿ERB£¿NIC£¿ %J European Journal of Interdisciplinary Studies %D 2011 %I Academy of Economic Studies (ASE) %X The purpose of this study is to explore different patterns of knowledge circulation between universities, public research organizations (PROs) and businesses in the EU27. To this end, a Knowledge circulation index was created based on funding flows (business funded R&D in higher education and government sectors), co-operation-based innovation indicators, bibliometric data and patent statistics. The results have confirmed a leading position for Finland, Netherlands, Denmark, Belgium, the UK and Slovenia, countries with a long tradition in knowledge transfer, but with a sustainable base for networks and links between all innovation actors. The paper advances some future paths to action, such as rising up SMEs¡¯ profile in knowledge circulation, finding the best coordination matrix for already existent support network or finding solutions to reduce the strong dependence on public and EU funding. %K knowledge circulation %K EU27 %K composite indicator %K Erawatch R&D profiles %U http://www.ejist.ro/files/pdf/341.pdf