Do external risk factors increase or decrease country-level R&D efficiency: focused on air pollution and job insecurity?

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&...

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Bibliographic Details
Published in:Technology analysis & strategic management 2024-03, Vol.36 (3), p.472-485
Main Authors: Yoon, Sangpil, Chung, Yanghon, Han, Seunghun, Woo, Chungwon
Format: Article
Language:English
Subjects:
Air pollution
DEA-Tobit
Efficiency
Environmental aspects
Innovations
Job insecurity
Motivation
Policy making
R&D
R&D efficiency
Regression models
Regulation
Research & development
Risk factors
Risk management
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Summary: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.
ISSN:0953-7325
1465-3990
DOI:10.1080/09537325.2022.2036715