TL;DR — The national resources that can be used in the national innovation system are limited. Therefore, interest in R&D efficiency is increasing in terms of how well-limited resources are utilised to achieve innovation.
Abstract
The national resources that can be used in the national innovation system are limited. Therefore, interest in R&D efficiency is increasing in terms of how well-limited resources are utilised to achieve innovation. This study analyzed the effects of external risk factors on a country’s R&D efficiency using the DEA-Tobit regression model. Air pollution was set as an environmental risk, and job insecurity was selected as a social risk. The results showed a positive correlation between R&D efficiency and both risk factors. In the case of environmental risks, long-term R&D investments or technology development due to strong regulations have affected R&D efficiency. Social risks have served as motivation for high performance. This study provides implications that policymakers should consider the impact of risk on performance and manage it through organisation and monitoring.
How to cite
APA: Sangpil Yoon, Yanghon Chung, Seunghun Han, Chungwon Woo (2024). Do external risk factors increase or decrease country-level R&D efficiency: focused on air pollution and job insecurity?. Technology Analysis & Strategic Management, 36(3), 472-485. https://doi.org/10.1080/09537325.2022.2036715
BibTeX:
@article{wooexternalriskcountryrdeffic,
title={Do external risk factors increase or decrease country-level R&D efficiency: focused on air pollution and job insecurity?},
author={Sangpil Yoon and Yanghon Chung and Seunghun Han and Chungwon Woo},
journal={Technology Analysis & Strategic Management}, volume={36}, number={3}, pages={472--485},
year={2024}, doi={10.1080/09537325.2022.2036715}}