Use of virtual index for measuring efficiency of innovation systems : a cross-country study

Abbasi, Farhad, Hojatolah, Hajihoseini, & Haukka, Sandra (2011) Use of virtual index for measuring efficiency of innovation systems : a cross-country study. International Journal of Technology Management and Sustainable Development, 9(3), pp. 195-212.

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In this study we propose a virtual index for measuring the relative innovativeness of countries. Using a multistage virtual benchmarking process, the best and rational benchmark is extracted for inefficient ISs. Furthermore, Tobit and Ordinary Least Squares (OLS) regression models are used to investigate the likelihood of changes in inefficiencies by investigating country-specific factors. The empirical results relating to the virtual benchmarking process suggest that the OLS regression model would better explain changes in the performance of innovation- inefficient countries.

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ID Code: 43805
Item Type: Journal Article
Refereed: Yes
Keywords: Innovation systems, Innovation, Benchmarking
DOI: 10.1386/tmsd.9.3.195_1
ISSN: 1474-2748
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Divisions: Past > Research Centres > ARC Centre of Excellence for Creative Industries and Innovation
Current > QUT Faculties and Divisions > Creative Industries Faculty
Deposited On: 04 Aug 2011 01:48
Last Modified: 04 Aug 2011 01:48

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