Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy?
| Autor: | Arkadiusz Michał Kowalski, Jakub Rybacki |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Estimation
o convergence σ convergence moderate innovators lcsh:HB71-74 05 social sciences Economics Econometrics and Finance (miscellaneous) lcsh:Economics as a science Convergence (economics) Fixed effects model Development ß convergence innovation β convergence Eastern european Frontier World economy 0502 economics and business Economics ddc:330 Position (finance) Economic geography 050207 economics 050203 business & management Panel data |
| Zdroj: | Economies, Vol 9, Iss 11, p 11 (2021) Economies Volume 9 Issue 1 |
| ISSN: | 2227-7099 |
| Popis: | Based on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the case of R& D expenses and the relative position on the global technological frontier. We propose a simple fixed effect panel regression measuring relative innovativeness potential. Our model suggests that current ranking leaders, i.e., Nordic countries (Sweden, Denmark, and Finland) and Germany, are likely to further outpace the United States. Central and Eastern European countries are achieving the greatest relative gains but are unlikely to exceed 70% of US potential. Peripheral European countries, South Africa, Turkey, and Russia are projected to further lose their innovativeness position despite their weaker initial position. |
| Databáze: | OpenAIRE |
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