The efficiency of spending on R&D in Latin America region
AbstractInnovativeness is one of the key factors stimulating economic growth. Improving innovative capacities is especially important for developing countries. The Latin American region is characterized by a variety of innovation policies. In this article, the author attempts to answer the question of which Latin American countries most efficiently spend funds on R&D. The study presented in this article also verifies the hypothesis that increased spending on R&D does not result in a proportional increase in the intended innovative results. The main research methodology employed is data envelopment analysis (DEA), which allows for assessing input-output efficiency and indicates the efficiency frontier for the period between 2000 and 2017.
|Journal series||Applied Economics, ISSN 0003-6846, e-ISSN 1466-4283, (N/A 40 pkt)|
|Publication size in sheets||0.75|
|Keywords in English||Innovation; DEA methodology; relative efficiency; R&D|
|Not used for evaluation||yes|
|Publication indicators||: 2018 = 0.781; : 2017 = 0.75 (2) - 2017=0.906 (5)|
|Uwaga||The project is financed by the Ministry of Science and Higher Education in Poland under the program ‘Regional Initiative of Excellence’ 2019 – 2022, project number 015/RID/2018/19, total funding amount 10 721 040,00 PLN; Ministerstwo Nauki i Szkolnictwa Wyższego|
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