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Towards a Triple Helix based efficiency index of innovation systems

Author

Listed:
  • Milica Jovanović

    (University of Belgrade)

  • Gordana Savić

    (University of Belgrade)

  • Yuzhuo Cai

    (Tampere University)

  • Maja Levi-Jakšić

    (University of Belgrade)

Abstract

This article presents a novel application of a two-phase Data Envelopment Analysis (DEA) for evaluating the efficiency of innovation systems based on the Triple Helix neo-evolutionary model. The authors identify a niche to measure Triple Helix-based efficiency of innovation systems scrutinizing different methodologies for measuring Triple Helix performance and indicating different perspectives on policy implications. The paper presents a new Triple Helix-based index that engages a comprehensive dataset and helps provide useful feedback to policymakers. It is based on a set of 19 indicators collected from the official reports of 34 OECD countries and applied in a two-phase DEA model: the indicators are aggregated into pillars according to the Assurance Region Global and DEA super-efficiency model; pillar scores are aggregated according to the Benefit-of-the-Doubt based DEA model. The results provide a rank of 34 countries outlining strengths and weaknesses of each observed innovation system. The research implies a variable set of weights to be a major advantage of DEA allowing less developed countries to excel in evaluating innovation systems efficiency. The results of Triple Helix efficiency index measurement presented in this paper help better account for the European Innovation Paradox.

Suggested Citation

  • Milica Jovanović & Gordana Savić & Yuzhuo Cai & Maja Levi-Jakšić, 2022. "Towards a Triple Helix based efficiency index of innovation systems," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2577-2609, May.
    • Handle: RePEc:spr:scient:v:127:y:2022:i:5:d:10.1007_s11192-022-04304-x
    DOI: 10.1007/s11192-022-04304-x
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    More about this item

    Keywords

    Triple Helix; Data envelopment analysis; European innovation paradox; Efficiency; Performance measures; OECD;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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