ANALYSIS OF EFFICIENCY OF R&D ACTIVITIES AMONG COUNTRIES WITH DEVELOPED AND DEVELOPING ECONOMIES INCLUDING REPUBLIC OF BELARUS WITH STOCHASTIC FRONTIER APPROACH
https://doi.org/10.21122/2227-1031-2016-15-6-528-535
Abstract
This study evaluates efficiency of R&D activities based on the stochastic frontier analysis across 69 counties with developed and developing economies. Gross domestic expenditures on R&D in purchasing power parity, researchers per million inhabitants, technicians per million inhabitants are treated as inputs while patents granted to residents and scientific and technical journal articles are considered as outputs. According to the analysis results Costa Rica, Israel and Singapore are the most efficient in terms of transformation of available resources into the R&D results. What concerns Belarus it is necessary that additional investments in R&D go together with increasing efficiency of available resources’ usage.
About the Authors
I. V. Zhukovski
Belarusian State University
Belarus
Belarus
Post-graduate student
Address for correspondence: Zhukovski Igor V.– Belarusian State University Karl Marx str., 31, 220050, Minsk, Republic of Belarus Tel.: +375 17 327-25-21 6786544@gmail.com
A. V. Gedranovich
Belarusian State University
Belarus
Belarus
Associate Professor, PhD in Economics
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Review
For citations:
Zhukovski I.V., Gedranovich A.V. ANALYSIS OF EFFICIENCY OF R&D ACTIVITIES AMONG COUNTRIES WITH DEVELOPED AND DEVELOPING ECONOMIES INCLUDING REPUBLIC OF BELARUS WITH STOCHASTIC FRONTIER APPROACH. Science & Technique. 2016;15(6):528-535. https://doi.org/10.21122/2227-1031-2016-15-6-528-535
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