Kiel Working Papers, Kiel Institute for World Economics
No 1788:
Building BRICS: 2-Stage DEA analysis of R&D Efficiency
Aoife Hanley Yuezhou Cai
Abstract: Should 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
Keywords: BRICS countries, National Innovation System (NIS), innovation, DEA; (follow links to similar papers)
JEL-Codes: O30; (follow links to similar papers)
23 pages, August 2012
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