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Challenges in innovation management for Latin America and the Caribbean: an efficiency analysis

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  • Aguilar-Barceló, José G.
  • Higuera-Cota, Fernanda

Abstract

Applying data envelopment analysis (DEA) to data from the 2016 Global Innovation Index (GII) (Cornell University/INSEAD/WIPO, 2016), the paper evaluates the efficiency of 19 Latin American and Caribbean economies in creating innovation-friendly environments. Where the region performs best is on infrastructure and adaptation of information and communication technologies (ICTs), but there are problems with human capital formation, the conduct and impact of research, and institutional aspects. The output of countries such as Chile and Colombia proved lower than expected given their factors, meaning that their strong innovation results are not matched by their efficiency management. Enhancing market functioning (competition, credit and investment) and knowledge absorption capacities is among the main challenges for the region.

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  • Aguilar-Barceló, José G. & Higuera-Cota, Fernanda, 2019. "Challenges in innovation management for Latin America and the Caribbean: an efficiency analysis," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    • Handle: RePEc:ecr:col070:44712
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    5. Carro, Roberto & González Gómez, Daniel A., 2015. "Administración de las operaciones. Actividades para el aprendizaje," Nülan. Deposited Documents 2265, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    6. World Bank, 2010. "Innovation Policy : A Guide for Developing Countries," World Bank Publications - Books, The World Bank Group, number 2460.
    7. -, 2019. "Revista CEPAL no. 127," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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    Cited by:

    1. Costa, Naijela Silveira da & Ferraz, Diogo & Moralles, Herick Fernando & Nascimento, Daisy do, 2022. "Economic complexity and human development: comparing standard and slack-based data envelopment analysis models," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Laura Zapata-Cantu & Fernando González, 2021. "Challenges for Innovation and Sustainable Development in Latin America: The Significance of Institutions and Human Capital," Sustainability, MDPI, vol. 13(7), pages 1-21, April.

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