The highly systemic nature of data production and the necessity for any information to be individually acquired and expressed so as to produce an effect, jointly constrain the dynamics of data commercialization. This paper analyzes the nature of these constraints from an individualistic perspective, focusing notably on the often uncared for entrepreneurial features of the data transfer.
Business & Economy
We adopt a Stochastic Frontier Analysis (SFA) of innovative exercise to disentangle international locations’ patenting capacity from patenting efficiency. We analyze the determinants of revolutionary capability of a set of 26 OECD nations plus China, over the interval , to point out if and the way China’s technological activity is rising quicker than generally held, in comparison to probably the most progressive nations of the world. Our outcomes highlight that both internal and exterior parts jointly contribute to reinforce international locations’ innovative capacity and efficiency.
The interplay (flow) of individuals was examined and the significance of excessive-velocity transportation network for TFP growth was clarified because the impact of accessibility on TFP growth. Population agglomeration and the development of transportation community are thus essential methods for rising regional economies.
In explicit, while authorities funded R&D is more important for innovative capability, private funded R&D in addition to Foreign Direct Investments (FDI) have an effect on technical efficiency. Moreover, as for the whole set of countries FDI seem to exert a useful resource – looking for role (as they affect negatively technical effectivity), this does not occur for China, where FDI exert a constructive effect. Results are robust to the usage of alternative measures of innovative inputs (such as high education expenditure in R&D and R&D personnel, but in addition FDI flows quite than stocks).
Finally, human capital measures are usually not very effective in enhancing patenting efficiency, apart from tertiary training. New information with potential industrial worth is created, replicated, and transferred in a distributed method.