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

Author

Listed:
  • Pedro Casares-Hontañón
  • Pablo Coto-Millán
  • Manuel Agüeros Sánchez
  • Alfonso Badiola

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.

Suggested Citation

  • Pedro Casares-Hontañón & Pablo Coto-Millán & Manuel Agüeros Sánchez & Alfonso Badiola, 2016. "World production of innovation: a study of its technical efficiency (2000-2009)," International Journal of Manufacturing Technology and Management, Inderscience Enterprises Ltd, vol. 30(6), pages 392-409.
    • Handle: RePEc:ids:ijmtma:v:30:y:2016:i:6:p:392-409
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