Introducing microeconomic foundation in data envelopment analysis: effects of the ex ante regulation principle on regional performance

Vitor Miguel Ribeiro (), Celeste Varum () and Ana Dias Daniel ()
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Vitor Miguel Ribeiro: University of Porto
Celeste Varum: University of Aveiro
Ana Dias Daniel: University of Aveiro

Journal of the Knowledge Economy, 2021, vol. 12, issue 3, No 11, 1215-1244

Abstract: Abstract Data envelopment analysis (DEA) models applied to regional innovation systems (RIS) are predominantly focused on evaluating innovation efficiency through a two-stage approach that accommodates sub-processes of production and commercialisation. Focusing on the Portuguese RIS, a three-stage DEA model incorporates a new sub-process characterised by the disclosure of official information on innovation level, thus allowing to internalise the principle of ex ante regulation consecrated by European supranational law in regional innovation policies. The main finding reveals that results of the two-stage DEA differ from those of the three-stage DEA. In particular, the presence of perfect information on innovation level leads to a reduction of the mean innovation efficiency, but also decreases the innovation efficiency gap between peripheral and non-peripheral regions. A discussion related to the need of information disclosure on innovation level is provided to highlight the potential conflict between level and efficiency of innovation.

Keywords: Data envelopment analysis; Regional innovation systems; Multi-stage system; Performance; Tobit; R15; L51; O31 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s13132-020-00661-1

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