Measuring the importance and efficiency of research and development expenditures in the transformation of knowledge-based economies: a case study of the ASEAN region

Afzal, Munshi Naser Ibne and Lawrey, Roger (2014) Measuring the importance and efficiency of research and development expenditures in the transformation of knowledge-based economies: a case study of the ASEAN region. International Journal of Asia-Pacific Studies, 10 (1). pp. 33-47.

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Abstract

This paper presents an evaluation of the efficient use of public research and development (R&D) expenditure in the ASEAN (Association of Southeast Asian Nations) region by using Data Envelopment Analysis (DEA). The efficiency of public R&D expenditure is measured as a percentage of GDP, by considering it as an input to knowledge generation. Two knowledge outputs are considered, namely real GDP growth and high-tech goods export as a percentage of total manufacturing exports. All data are collected from World Development Indicators (2010), World Competitiveness Yearbook (2011) and ASEAN publications. The efficiency results are prepared following both constant returns to scale (CRS) and variable returns to scale (VRS) assumptions. The efficiency scores under CRS suggest that the Philippines and Indonesia were the best performers in 2010 while under VRS, Singapore and Thailand were the most efficient countries in 2010. Special emphasis is placed on how to present the DEA results to government and policy makers in order to provide more policy guidance on how to achieve optimum knowledge output relative to R&D expenditure.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: © Penerbit Universiti Sains Malaysia, 2014. Open access journal. This publication is copyright. It may be reproduced in whole or in part for the purposes of study, research, or review, but is subject to the inclusion of an acknowledgment of the source.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 21 Apr 2014 11:22
Last Modified: 08 Mar 2017 05:15
Uncontrolled Keywords: KBE; knowledge economy; public R&D expenditure; real GDP growth; high-tech exports; DEA; CRS; VRS; scale efficiency; efficiency scores
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
14 Economics > 1403 Econometrics > 140304 Panel Data Analysis
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150307 Innovation and Technology Management
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9102 Microeconomics > 910299 Microeconomics not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/24600

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