International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1852
Status : Paper published
Language : English
Topic : Macroeconomics
Presenter: Assoc. Prof. Dr. Miraç Eren
Session : 2A Finance
Analysis of Innovation Performances of European Union Member Countries
Analysis of Innovation Performances of European Union Member Countries
- Assoc. Prof. Dr. Miraç Eren (Ondokuz Mayıs University, Türkiye)
- Assoc. Prof. Dr. Selahattin Kaynak (Ondokuz Mayıs University, Türkiye)
Abstract
Together with the transition from the industrial society to the information society, Innovation at the forefront of the countries' development arguments has strategic significance for companies, industries, and countries and it is emerging as the main element of being in the market. Also, Innovation has vital importance in determining the policies of countries because of increasing social welfare and living standards of individuals. Countries having effective innovation policies and systems are rapidly advancing in the development race. Even in countries with low innovation performance, demand for innovative products and services are high. According to the Lisbon Strategy, it is important to know the innovation performances of the member countries of the European Union, which see the innovation as the basic element of economic growth, and to measure their activities. For these reasons, the purpose of this research is to analyze the innovation performances of the EU member countries. So, Data Envelopment Analysis (DEA) to measure the performance of each member country against the other member countries in the group consisting of European Union countries was considered. Therefore, the variables that are used in determining the level of innovation of the member states of the European Commission were respectively considered as Input Variables (Human Research, Research Systems, Finance, and Support) and Output Variables (Innovators, Economic effects). Tone (2001)'s Slack-Based Model and Lotfi & Poursakhi (2012)'s dynamic DEA Model was considered together to measure the efficiency of the countries in few periods instead of a single period.
JEL codes: C61, C82, O47
Eren, Miraç, Kaynak, Selahattin (2017). "Analysis of Innovation Performances of European Union Member Countries" in Proceedings of International Conference of Eurasian Economies 2017, pp.65-69, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01852
