ANALYSIS OF EFFICIENCY OF R&D ACTIVITIES AMONG COUNTRIES WITH DEVELOPED AND DEVELOPING ECONOMIES INCLUDING REPUBLIC OF BELARUS WITH STOCHASTIC FRONTIER APPROACH

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.

Keywords

• r&d
• efficiency
• stochastic frontier analysis