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Ranking the performance of national innovation systems in the Iberian Peninsula and Latin America from a neo-Schumpeterian economics perspective

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  • Paredes-Frigolett, Harold
  • Pyka, Andreas
  • Pereira, Javier
  • Gomes, Luiz Flávio Autran Monteiro

Abstract

We present the results of an empirical study of the national innovation systems of countries in the Iberian Peninsula and Latin America from a comprehensive neo-Schumpeterian economics (CNSE) perspective. The empirical study covered the period from 2000 until 2011 and the countries analyzed are Argentina, Brazil, Chile, Mexico, Portugal, and Spain. Unlike previous approaches that used cluster analyses as a methodological framework to analyze national innovation systems from a CSNE perspective, we use a novel approach based on multicriteria decision analysis (MCDA) to rank innovation performance. We show how an MCDA approach can be followed in order to rank the performance of national innovation systems and provide an analysis of the results obtained at the financial, public and industry pillars of the CNSE model.

Suggested Citation

  • Paredes-Frigolett, Harold & Pyka, Andreas & Pereira, Javier & Gomes, Luiz Flávio Autran Monteiro, 2014. "Ranking the performance of national innovation systems in the Iberian Peninsula and Latin America from a neo-Schumpeterian economics perspective," FZID Discussion Papers 95-2014, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    • Handle: RePEc:zbw:fziddp:952014
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    References listed on IDEAS

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    1. Horst Hanusch & Andreas Pyka, 2007. "Applying a Comprehensive Neo-Schumpeterian Approach to Europe and Its Lisbon Agenda," Springer Books, in: Richard Tilly & Paul J. J. Welfens & Michael Heise (ed.), 50 Years of EU Economic Dynamics, chapter 0, pages 275-299, Springer.
    2. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    3. Egidijus Rytas Vaidogas & Edmundas Kazimieras Zavadskas & Zenonas Turskis, 2007. "Reliability measures in multicriteria decision making as applied to engineering projects," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 8(5/6), pages 497-518.
    4. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 275-289, March.
    5. Pereira, Javier & Paulre, Bernard, 2001. "Flexibility in manufacturing systems: A relational and a dynamic approach," European Journal of Operational Research, Elsevier, vol. 130(1), pages 70-82, April.
    6. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    7. Denis Bouyssou & Thierry Marchant & Marc Pirlot & Alexis Tsoukiàs & Philippe Vincke, 2006. "Evaluation and Decision Models with Multiple Criteria," International Series in Operations Research and Management Science, Springer, number 978-0-387-31099-2, April.
    8. Wang, Chengqi & Kafouros, Mario I., 2009. "What factors determine innovation performance in emerging economies? Evidence from China," International Business Review, Elsevier, vol. 18(6), pages 606-616, December.
    9. Autran Monteiro Gomes, Luiz Flávio & Duncan Rangel, LuI´s Alberto, 2009. "An application of the TODIM method to the multicriteria rental evaluation of residential properties," European Journal of Operational Research, Elsevier, vol. 193(1), pages 204-211, February.
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    Cited by:

    1. Paredes-Frigolett, Harold & Pyka, Andreas & Leoneti, Alexandre Bevilacqua, 2021. "On the performance and strategy of innovation systems: A multicriteria group decision analysis approach," Technology in Society, Elsevier, vol. 67(C).
    2. Carayannis, Elias G. & Goletsis, Yorgos & Grigoroudis, Evangelos, 2018. "Composite innovation metrics: MCDA and the Quadruple Innovation Helix framework," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 4-17.

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    Keywords

    Comprehensive neo-Schumpeterian Economics; Innovation Performance; Multicriteria Decision Analysis; National Innovation Systems; China;
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