Building BRICS: 2-Stage DEA analysis of R&D Efficiency
AbstractShould inputs such as bank finance affect innovation in BRICS vs. developed countries similarly? Arguably these elasticities may depend on a country’s economic progress (Gerschenkron, 1962; Liu and White, 2001). Applying a combination of DEA and Tobit to a sample of 22 countries, we show how innovation (measured patents, scientific publications and high-tech sectoral output) responds favourably to private-sector R&D. No significant differences are recorded for BRICS countries. Differences emerge between BRICS and non-BRICS for the elasticity of innovative efficiency to banking inputs
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1788.
Length: 23 pages
Date of creation: Aug 2012
Date of revision:
BRICS countries; National Innovation System (NIS); innovation; DEA;
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-09 (All new papers)
- NEP-EFF-2012-09-09 (Efficiency & Productivity)
- NEP-INO-2012-09-09 (Innovation)
- NEP-IPR-2012-09-09 (Intellectual Property Rights)
- NEP-SBM-2012-09-09 (Small Business Management)
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