Institutional change and the triple helix model

Institutional change has a very important role in the process of putting together the opportunities for economic development of countries (particularly that of transitional economies) and it is characterized by various processes aiming to improve the collaboration of various economic agents. The aim of this paper is to analyze the interrelationship between the government, institutions, particularly higher education institutions and research centers, and the industry as a theoretical model, incorporated in the well-known Triple Helix Model. The applicability of the model is studied in terms of its potential for achieving economic growth and social development Some examples form different countries have been provided