Total factor productivity of national innovation systems in the European Union

Costa, Leonardo; Eduardo, Nelson

Publication

Total factor productivity of national innovation systems in the European Union

2016Conference object

dc.contributor.author	Costa, Leonardo
dc.contributor.author	Eduardo, Nelson
dc.date.accessioned	2017-07-12T17:34:12Z
dc.date.available	2017-07-12T17:34:12Z
dc.date.issued	2016
dc.description.abstract	Innovation is important for economic growth. In this research, we analyze the productivity and efficiency of the National Innovation Systems (NIS) of the European Union 28 (EU-28) Member States, in the period 2006–2012. The data come from the Innovation Union Scoreboard 2014 report and Eurostat. Based on the Battese and Coelli (1995) time-varying inefficiency model, a Cobb– Douglas stochastic frontier is estimated as well as the effects of macroeconomic environmental variables on inefficiency. Innovation growth is decomposed into total factor productivity (TFP) changes, accumulation of inputs, and an unexplained residual component. Using an extension of the Kumbhakar and Lovell (2000) decomposition, TFP changes are computed as the sum of technological changes, changes in technical efficiency, and scale effects. Results show decreasing returns to scale in innovation production. Concerning the effects of macroeconomic environmental variables, technical inefficiency decreases with higher standards of living, the rate of economic growth, the reduction of economic inequality, and the control of inflation and unemployment. Excessive financial liquidity and political decentralization increase technical inefficiency. Growth in the innovation production of the EU- 28 Member States is due to TFP changes, to the accumulation of inputs, and to a residual non-explained component. Positive TFP changes resulted exclusively from the improvement in technical efficiency.
dc.description.version	info:eu-repo/semantics/publishedVersion	pt_PT
dc.identifier.citation	COSTA, Leonardo; EDUARDO, Nelson - Total Factor Productivity of National Innovation Systems in the European Union. In 10th Annual Meeting of the Portuguese Economic Journal, Coimbra, Portugal, 1-3 July, 2016. – In Book of Abstracts. Coimbra: Faculdade de Economia da Universidade de Coimbra, 2016. E-book. p. 14	pt_PT
dc.identifier.uri	http://hdl.handle.net/10400.14/22506
dc.language.iso	eng	pt_PT
dc.peerreviewed	no	pt_PT
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	pt_PT
dc.title	Total factor productivity of national innovation systems in the European Union	pt_PT
dc.type	conference object
dspace.entity.type	Publication
person.familyName	Costa
person.givenName	Leonardo
person.identifier	AAL-3816-2021
person.identifier.ciencia-id	4012-5FCD-867F
person.identifier.orcid	0000-0001-8992-2519
person.identifier.scopus-author-id	18433384700
rcaap.rights	openAccess	pt_PT
rcaap.type	conferenceObject	pt_PT
relation.isAuthorOfPublication	615fde74-e7a9-4dbe-a3a1-f9ad7a34d480
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