R&D efficiency and barriers to entry: a two stage semi-parametric DEA approach
AbstractThis paper assesses the relative efficiency of knowledge production in the OECD using a nonparametric DEA approach. In general, resources allocated to R&D are limited and therefore must be used efficiently, given the institutional and legal constraints. The efficiency scores presented are based on an intertemporal frontier estimation for the period 1995 to 2004. We analyse the impact of the regulatory environment using a single bootstrap procedure. The empirical evidence supports our hypothesis that barriers to entry aimed at reducing competition actually lower R&D efficiency by attenuating the incentives to innovate and to allocate resources efficiently. Copyright 2012 Oxford University Press 2011 All rights reserved, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 64 (2012)
Issue (Month): 1 (January)
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Other versions of this item:
- Cullmann, Astrid & Schmidt-Ehmcke, Jens & Zloczysti, Petra, 2010. "R&D Efficiency and Barriers to Entry: A Two Stage Semi-Parametric DEA Approach," CEPR Discussion Papers 8047, C.E.P.R. Discussion Papers.
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John R. Baldwin & Paul K. Gorecki, 1990. "Firm Entry and Exit in the Canadian Manufacturing Sector," Working Papers 767, Queen's University, Department of Economics.
- Yuezhou Cai, Aoife Hanley, 2012. "Building BRICS: 2-Stage DEA analysis of R&D Efficiency," Kiel Working Papers 1788, Kiel Institute for the World Economy.
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