World production of innovation: A study of its technical efficiency (2000-2009)

Abstract: This paper analyses the determinants of global innovation with a focus on technical efficiency. To this end, we propose a theoretical model which specifies a transcendental logarithmic production function, which includes a number of inputs that influence innovation, such as technological capital, human capital and scientific capital. Subsequently, we estimate technical efficiency with stochastic econometric methods. The article considers the importance of human capital to boost production innovation worldwide. Also, it highlights that in recent years Asian countries have become leaders in technical efficiency.

 Autoría: Casares-Hontañón P., Coto-Millán P., Sánchez M.A., Badiola A.,

 Fuente: International Journal of Manufacturing Technology and Management, Volume 30, Issue 6, 2016, Pages 392-409

Editorial: Inderscience

 Año de publicación: 2016

Nº de páginas: 18

Tipo de publicación: Artículo de Revista

DOI: 10.1504/IJMTM.2016.081588

ISSN: 1368-2148,1741-5195