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Malmquist Indices Of R&D Productivity Growth In Taiwanese Ic-Design Industry

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  • Wen-Cheng Lu
  • Ting-Kun Liu

Abstract

This article employs the Malmquist index, a data envelopment analysis-type nonparametric technique, to decompose productivity growth into technical efficiency and technological change for Taiwanese IC-design firms. The results indicate that the increase in R&D productivity is mainly attributed to the increase in technical change, and the efficiency gain found is largely the result of improvements in scale efficiency. R&D productivity growth from the panel Tobit regression empirically shows that productivity growth did occur due to an increase in the debt ratio, to the firm being small, as well as due to the firm’s superior credit rating.

Suggested Citation

  • Wen-Cheng Lu & Ting-Kun Liu, 2010. "Malmquist Indices Of R&D Productivity Growth In Taiwanese Ic-Design Industry," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 4(1), pages 105-114.
    • Handle: RePEc:ibf:gjbres:v:4:y:2010:i:1:p:105-114
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    References listed on IDEAS

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    Cited by:

    1. Chiang-Ping Chen & Jin-Li Hu & Chih-Hai Yang, 2013. "Produce patents or journal articles? A cross-country comparison of R&D productivity change," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(3), pages 833-849, March.
    2. Martina Halaskova & Beata Gavurova & Kristina Kocisova, 2020. "Research and Development Efficiency in Public and Private Sectors: An Empirical Analysis of EU Countries by Using DEA Methodology," Sustainability, MDPI, vol. 12(17), pages 1-22, August.

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    More about this item

    Keywords

    Malmquist index; Productivity growth; Technological Efficiency;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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