European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis
Though much attention is dedicated to the development of its research and innovation policy, the European Union constantly struggles to match the level of the strongest innovators in the world. Therefore, there is a necessity to analyze the individual efforts and conditions of the 27 member states t...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-06-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/11/6/163 |
| _version_ | 1797595189326381056 |
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| author | Meda Andrijauskiene Dimosthenis Ioannidis Daiva Dumciuviene Asimina Dimara Napoleon Bezas Alexios Papaioannou Stelios Krinidis |
| author_facet | Meda Andrijauskiene Dimosthenis Ioannidis Daiva Dumciuviene Asimina Dimara Napoleon Bezas Alexios Papaioannou Stelios Krinidis |
| author_sort | Meda Andrijauskiene |
| collection | DOAJ |
| description | Though much attention is dedicated to the development of its research and innovation policy, the European Union constantly struggles to match the level of the strongest innovators in the world. Therefore, there is a necessity to analyze the individual efforts and conditions of the 27 member states that might determine their final innovative performance. The results of a scientific literature review showed that there is a growing interest in the usage of artificial intelligence when seeking to improve decision-making processes. Data envelopment analysis, as a branch of computational intelligence methods, has proved to be a reliable tool for innovation efficiency evaluation. Therefore, this paper aimed to apply DEA for the assessment of the European Union’s innovation efficiency from 2000 to 2020, when innovation was measured by patent, trademark, and design applications. The findings showed that the general EU innovation efficiency situation has improved over time, meaning that each programming period was more successful than the previous one. On the other hand, visible disparities were found across the member states, showing that Luxembourg is an absolute innovation efficiency leader, while Greece and Portugal achieved the lowest average efficiency scores. Both the application of the DEA method and the gathered results may act as viable guidelines on how to improve R&I policies and select future investment directions. |
| first_indexed | 2024-03-11T02:33:16Z |
| format | Article |
| id | doaj.art-0152e192ec5f48b68e8c4c8ae8349690 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-11T02:33:16Z |
| publishDate | 2023-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-0152e192ec5f48b68e8c4c8ae83496902023-11-18T10:05:30ZengMDPI AGEconomies2227-70992023-06-0111616310.3390/economies11060163European Union Innovation Efficiency Assessment Based on Data Envelopment AnalysisMeda Andrijauskiene0Dimosthenis Ioannidis1Daiva Dumciuviene2Asimina Dimara3Napoleon Bezas4Alexios Papaioannou5Stelios Krinidis6School of Economics and Business, Kaunas University of Technology, LT-44029 Kaunas, LithuaniaCentre for Research and Technology (CERTH)—Hellas, Information Technologies Institute, 57001 Thessaloniki, GreeceSchool of Economics and Business, Kaunas University of Technology, LT-44029 Kaunas, LithuaniaCentre for Research and Technology (CERTH)—Hellas, Information Technologies Institute, 57001 Thessaloniki, GreeceCentre for Research and Technology (CERTH)—Hellas, Information Technologies Institute, 57001 Thessaloniki, GreeceCentre for Research and Technology (CERTH)—Hellas, Information Technologies Institute, 57001 Thessaloniki, GreeceCentre for Research and Technology (CERTH)—Hellas, Information Technologies Institute, 57001 Thessaloniki, GreeceThough much attention is dedicated to the development of its research and innovation policy, the European Union constantly struggles to match the level of the strongest innovators in the world. Therefore, there is a necessity to analyze the individual efforts and conditions of the 27 member states that might determine their final innovative performance. The results of a scientific literature review showed that there is a growing interest in the usage of artificial intelligence when seeking to improve decision-making processes. Data envelopment analysis, as a branch of computational intelligence methods, has proved to be a reliable tool for innovation efficiency evaluation. Therefore, this paper aimed to apply DEA for the assessment of the European Union’s innovation efficiency from 2000 to 2020, when innovation was measured by patent, trademark, and design applications. The findings showed that the general EU innovation efficiency situation has improved over time, meaning that each programming period was more successful than the previous one. On the other hand, visible disparities were found across the member states, showing that Luxembourg is an absolute innovation efficiency leader, while Greece and Portugal achieved the lowest average efficiency scores. Both the application of the DEA method and the gathered results may act as viable guidelines on how to improve R&I policies and select future investment directions.https://www.mdpi.com/2227-7099/11/6/163research and innovationinnovation efficiencycomputational intelligencedata envelopment analysis (DEA)European UnionR&I policy |
| spellingShingle | Meda Andrijauskiene Dimosthenis Ioannidis Daiva Dumciuviene Asimina Dimara Napoleon Bezas Alexios Papaioannou Stelios Krinidis European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis Economies research and innovation innovation efficiency computational intelligence data envelopment analysis (DEA) European Union R&I policy |
| title | European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis |
| title_full | European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis |
| title_fullStr | European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis |
| title_full_unstemmed | European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis |
| title_short | European Union Innovation Efficiency Assessment Based on Data Envelopment Analysis |
| title_sort | european union innovation efficiency assessment based on data envelopment analysis |
| topic | research and innovation innovation efficiency computational intelligence data envelopment analysis (DEA) European Union R&I policy |
| url | https://www.mdpi.com/2227-7099/11/6/163 |
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