Do external risk factors increase or decrease country-level R&D efficiency: focused on air pollution and job insecurity?
- Resource Type
- Article
- Authors
- Yoon, Sangpil; Chung, Yanghon; Han, Seunghun; Woo, Chungwon
- Source
- Technology Analysis & Strategic Management. Mar2024, Vol. 36 Issue 3, p472-485. 14p.
- Subject
- *JOB security
*AIR pollution
*ENVIRONMENTAL risk
*ACHIEVEMENT motivation
*REGRESSION analysis
- Language
- ISSN
- 0953-7325
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. [ABSTRACT FROM AUTHOR]