Driving Global Innovation Convergence: Evidence of 104 Countries’ Productivity and Efficiencies of National Innovation System

Subhasis Bera () and Dil B. Rahut ()
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Subhasis Bera: International School of Business and Media
Dil B. Rahut: Asian Development Bank Institute (ADBI)

Journal of the Knowledge Economy, 2024, vol. 15, issue 4, No 108, 18467-18494

Abstract: Abstract The extant evidence considers innovation as one critical determinant of economic growth. The studies on the performance of the National Innovation System in the quest for Schumpeterian convergence with the frontier are constrained due to uneven innovative potential and paucity of data, especially in the case of developing countries. Addressing the challenges for policy formulation to enhance global growth, this study performs the CaRT method, Slack-based DEA, and PS convergence test of 104 countries from 2006 to 2019 to comprehend the global innovation matrix. The study shows the absence of global convergence but subgroup convergence in Färe-Primont productivity, each technical, scale, and mix efficiency component. Moreover, the subgroups’ formations in each efficiency convergence type are distinct. The study correspondingly exhibits that the average transition path of different subgroups does not pursue any specific pattern for these efficiencies, indicating that the global convergence of innovation productivity and efficiency is arduous and calls for distinct policy formulation subject to the status of the economy.

Keywords: National innovation system; Club convergence; TFP; Transition path; DEA; Missing data imputation (search for similar items in EconPapers)
JEL-codes: F0 O3 O4 P5 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01728-5

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