Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy?
Based on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the ca...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-02-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/9/1/11 |
| _version_ | 1827604914709200896 |
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| author | Arkadiusz Michał Kowalski Jakub Rybacki |
| author_facet | Arkadiusz Michał Kowalski Jakub Rybacki |
| author_sort | Arkadiusz Michał Kowalski |
| collection | DOAJ |
| description | Based on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the case of R&D expenses and the relative position on the global technological frontier. We propose a simple fixed effect panel regression measuring relative innovativeness potential. Our model suggests that current ranking leaders, i.e., Nordic countries (Sweden, Denmark, and Finland) and Germany, are likely to further outpace the United States. Central and Eastern European countries are achieving the greatest relative gains but are unlikely to exceed 70% of US potential. Peripheral European countries, South Africa, Turkey, and Russia are projected to further lose their innovativeness position despite their weaker initial position. |
| first_indexed | 2024-03-09T06:11:12Z |
| format | Article |
| id | doaj.art-0617fb14dc2b4037983cddf58b337fd2 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-09T06:11:12Z |
| publishDate | 2021-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-0617fb14dc2b4037983cddf58b337fd22023-12-03T11:57:54ZengMDPI AGEconomies2227-70992021-02-01911110.3390/economies9010011Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy?Arkadiusz Michał Kowalski0Jakub Rybacki1SGH Warsaw School of Economics, Collegium of World Economy, 02-521 Warsaw, PolandSGH Warsaw School of Economics, Collegium of World Economy, 02-521 Warsaw, PolandBased on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the case of R&D expenses and the relative position on the global technological frontier. We propose a simple fixed effect panel regression measuring relative innovativeness potential. Our model suggests that current ranking leaders, i.e., Nordic countries (Sweden, Denmark, and Finland) and Germany, are likely to further outpace the United States. Central and Eastern European countries are achieving the greatest relative gains but are unlikely to exceed 70% of US potential. Peripheral European countries, South Africa, Turkey, and Russia are projected to further lose their innovativeness position despite their weaker initial position.https://www.mdpi.com/2227-7099/9/1/11β convergenceσ convergenceinnovationmoderate innovators |
| spellingShingle | Arkadiusz Michał Kowalski Jakub Rybacki Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? Economies β convergence σ convergence innovation moderate innovators |
| title | Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? |
| title_full | Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? |
| title_fullStr | Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? |
| title_full_unstemmed | Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? |
| title_short | Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy? |
| title_sort | moderate innovator trap does the convergence of innovation performance occur in the world economy |
| topic | β convergence σ convergence innovation moderate innovators |
| url | https://www.mdpi.com/2227-7099/9/1/11 |
| work_keys_str_mv | AT arkadiuszmichałkowalski moderateinnovatortrapdoestheconvergenceofinnovationperformanceoccurintheworldeconomy AT jakubrybacki moderateinnovatortrapdoestheconvergenceofinnovationperformanceoccurintheworldeconomy |