About One Approach for Comparing Regions of Different Countries According to the Technical Efficiency of Innovation Space

Abstract

In the work (Aivazyan, etc., 2017) it is presented a parametric description of regional innovation systems of several countries using estimates of innovative space technical efficiency obtained by the “national” models . These estimates are comparable for regions of one country, but they are not comparable for regions of different countries. We propose an approach that allows to rank the regions of different countries according to the adjusted estimates of technical efficiency, and it maintain the ratings of regions formed on the basis of “national” models. The described approach can be used in a wide class of the evaluation problems of technical efficiency and building ratings of economic entities which are operating in different institutional conditions.

Keywords

• regional economy
• econometric modeling
• stochastic frontier
• efficiency estimation.