Title :
The analysis of allocation efficiency of R&D resource and its determinants — An empirical study of panel data from 31 countries
Author :
Zhang, Yongkai ; Zhao, Sanying
Author_Institution :
Lanzhou Commercial Coll., Lanzhou, China
Abstract :
The paper employs Stochastic Frontier Approach to analyze the allocation efficiency of R&D resources in 31 countries by Frontier 4.1 software. It reveals that U.S.A, Japan, Germany and Britain are the big power of R&D input and output, yet their R&D efficiency is not so high; Switzland, Sweden, South Korea, Canada and Australian have the highest R&D efficiency, and the R&D efficiency of China, India, Brazil and South Africa are relatively high. With the global R&D activities transferring to the region of lower cost and high efficiency, R&D Emerging Economies are arising. According to output elasticity of R&D resources, human labor is much stronger than that of funds. Furthermore, the output elasticity of human labor in high-income countries is stronger than that of middle-income countries, but the output elasticity of funds in high-income countries is weaker than that of middle-income countries.
Keywords :
economics; research and development; resource allocation; stochastic processes; Frontier 4.1 software; R&D emerging economies; R&D resource allocation efficiency; high-income countries; human labor; middle-income countries; stochastic frontier approach; R&D efficiency; R&D resource; determinants; output elasticity;
Conference_Titel :
Geoinformatics, 2011 19th International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-61284-849-5
DOI :
10.1109/GeoInformatics.2011.5980845
