Innovation rankings: Good, bad or revealing?
Yuezhou Cai and
No 1882, Kiel Working Papers from Kiel Institute for the World Economy (IfW)
The standard indicators used to compare cross-country innovation are in the Global Competitiveness Report (GCR). But there are problems with aggregation and response bias with these largely self-reported measures (Hollanders and van Cruysen, 2008). We propose a theory-based metric using Data Envelopment Analysis which corrects for sample bias and considers Returns to Scale. The derived ranking compares well to components of the GCR. Moreover, in second-stage estimations, our corrected efficiency score correlates well with standard Growth Theory indicators.
Keywords: Data Envelopment Analysis; Efficiency Indicators; Global Competitiveness Report (search for similar items in EconPapers)
JEL-codes: C61 C14 O38 (search for similar items in EconPapers)
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Journal Article: Innovation rankings: good, bad or revealing? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1882
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