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Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics. KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS.ORCID iD: 0000-0002-5871-8571
2009 (English)Report (Other academic)
Abstract [en]

Iceland is one of the smallest European economies and the country was hit severely by the 2008-financial crisis. This paper considers the economy in the period preceding the collapse. Applying a Data Envelopment Analysis on 204 randomly selected firms, the results suggest that a substantial fraction of the Icelandic firms can be classified as non-efficient in their production process. The production scale of many manufacturing firms is too small to be technically efficient, while service firms typically use excessive resources in their production process. A remarkably weak performance in transforming R&D and labour efforts into successful innovations is observed.

Place, publisher, year, edition, pages
CECIS, The Royal Institute of Technology, Stockholm , 2009. , 42 p.
Series
CESIS Working Paper Series in Economics and Institutions of Innovation, 162
Keyword [en]
Technical efficiency, R&D, Innovation, Productivity
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-67495OAI: oai:DiVA.org:kth-67495DiVA: diva2:485043
Note
QC 20120131Available from: 2012-01-31 Created: 2012-01-27 Last updated: 2012-01-31Bibliographically approved

Open Access in DiVA

CESISWP162(491 kB)65 downloads
File information
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Lööf, HansOh, Dong-Huyn
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf