Effectiveness of R&D Expenditures Supporting Innovation: A Case Study of OECD Countries

Viktor Prokop, Jan Stejskal, Petr Hajek

2019

Abstract

R&D expenditures have been proven to be a key determinant of innovation activities in all developed countries. These are primarily private sources of in-house research, intramural government expenditure on R&D, research and development spending by universities and the public sector (e.g., public laboratories and research institutes). These expenditures are often part of public policies whose proper targeting and management should lead to allocation efficiency and optimal use of available production resources and funding. This paper aims to analyze the effectiveness of these resources used to support R&D activities in 36 OECD countries. We have used the available data from the OECD databases for 2014 and employed the DEA (VRS model) method. The output variable was % share of innovative firms and the GDP of the economy. The results confirm that the efficiency of allocated resources is considerably variable. Only a handful of countries have achieved maximum efficiency in the analyzed period (Estonia, Belgium, Ireland, Chile, South Korea, Mexico, and New Zealand). At the end of the paper, the results were discussed and practical recommendations defined.

Paper Citation

in Harvard Style

Prokop V., Stejskal J. and Hajek P. (2019). Effectiveness of R&D Expenditures Supporting Innovation: A Case Study of OECD Countries.In Proceedings of the 1st International Conference on IT, Communication and Technology for Better Life - Volume 1: ICT4BL, ISBN 978-989-758-429-9, pages 5-13. DOI: 10.5220/0008928500050013

in Bibtex Style

@conference{ict4bl19,
author={Viktor Prokop and Jan Stejskal and Petr Hajek},
title={Effectiveness of R&D Expenditures Supporting Innovation: A Case Study of OECD Countries},
booktitle={Proceedings of the 1st International Conference on IT, Communication and Technology for Better Life - Volume 1: ICT4BL,},
year={2019},
pages={5-13},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008928500050013},
isbn={978-989-758-429-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on IT, Communication and Technology for Better Life - Volume 1: ICT4BL,
TI - Effectiveness of R&D Expenditures Supporting Innovation: A Case Study of OECD Countries
SN - 978-989-758-429-9
AU - Prokop V.
AU - Stejskal J.
AU - Hajek P.
PY - 2019
SP - 5
EP - 13
DO - 10.5220/0008928500050013