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

Authors: Pedro Casares-Hontañón; Pablo Coto-Millán; Manuel Agüeros Sánchez; Alfonso Badiola

Addresses: Department of Economics, University of Cantabria, Avd/ Los Castros s/n. C.P. 39005, Santander, Spain ' Department of Economics, University of Cantabria, Avd/ Los Castros s/n. C.P. 39005, Santander, Spain ' Department of Economics, University of Cantabria, Avd/ Los Castros s/n. C.P. 39005, Santander, Spain ' Department of Economics, University of Cantabria, Avd/ Los Castros s/n. C.P. 39005, Santander, Spain

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.

Keywords: global innovation; technological capital; human capital; scientific capital; translog; technical efficiency; stochastic production frontier; econometrics; Asia; production innovation.

DOI: 10.1504/IJMTM.2016.081588

International Journal of Manufacturing Technology and Management, 2016 Vol.30 No.6, pp.392 - 409

Accepted: 03 Dec 2014
Published online: 17 Jan 2017 *

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