Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64832
Authors: 
Cai, Yuezhou
Hanley, Aoife
Year of Publication: 
2012
Series/Report no.: 
Kiel Working Paper 1788
Abstract: 
Should inputs such as bank finance affect innovation in BRICS vs. developed countries similarly? Arguably these elasticities may depend on a country's economic progress (Gerschenkron, 1962; Liu and White, 2001). Applying a combination of DEA and Tobit to a sample of 22 countries, we show how innovation (measured patents, scientific publications and high-tech sectoral output) responds favourably to private-sector R&D. No significant differences are recorded for BRICS countries. Differences emerge between BRICS and non-BRICS for the elasticity of innovative efficiency to banking inputs.
Subjects: 
BRICS countries
National Innovation System (NIS)
innovation
DEA
JEL: 
O30
O57
P52
Document Type: 
Working Paper

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