Efficiency Assessment on Codified Knowledge Products. An SFA Approach

Gustavo Ferro and Nicolás Gatti

No 4620, Asociación Argentina de Economía Política: Working Papers from Asociación Argentina de Economía Política

Abstract: Knowledge applied to innovation is increasingly recognized as an explanatory factor of economic growth. Innovation derives from the application of knowledge to generate new products or new processes. National Innovation Systems (NIS) performs as the formal or informal network of people within institutions, interacting to produce and apply knowledge to innovation. NIS can be understood as two subsystems: one based on scientifical and technological work, producing codified products (publications and patents), and the other centered on practical actions to diffuse, apply, and use knowledge. Our objective is to assess cost efficiency in the production of codified knowledge outputs (CKO), being our unit of analysis countries. To attain our goal, we apply a Stochastic Frontier Analysis (SFA) to estimate a cost frontier of CKO. The sample is a panel that includes 1189 observations, for 23 years (1996-2019), and 82 countries. Our main results identify determinants and patterns of efficiency and productivity, tendencies, and specifics of countries and groups of them.

JEL-codes: O12 O30 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2022-11
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ino, nep-knm and nep-sbm
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