Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms

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...

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Main Authors: Ho, Dong-huyn, Lööf, Hans
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:https://static.sys.kth.se/itm/wp/cesis/cesiswp162.pdf
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spelling ftrepec:oai:RePEc:hhs:cesisp:0162 2024-04-14T08:13:38+00:00 Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms Ho, Dong-huyn Lööf, Hans https://static.sys.kth.se/itm/wp/cesis/cesiswp162.pdf unknown https://static.sys.kth.se/itm/wp/cesis/cesiswp162.pdf preprint ftrepec 2024-03-19T10:26:15Z 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. Technical efficiency; R&D; Innovation; Productivity Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description 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. Technical efficiency; R&D; Innovation; Productivity
format Report
author Ho, Dong-huyn
Lööf, Hans
spellingShingle Ho, Dong-huyn
Lööf, Hans
Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
author_facet Ho, Dong-huyn
Lööf, Hans
author_sort Ho, Dong-huyn
title Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
title_short Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
title_full Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
title_fullStr Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
title_full_unstemmed Creating Innovations, Productivity and Growth - the efficiency of Icelandic firms
title_sort creating innovations, productivity and growth - the efficiency of icelandic firms
url https://static.sys.kth.se/itm/wp/cesis/cesiswp162.pdf
genre Iceland
genre_facet Iceland
op_relation https://static.sys.kth.se/itm/wp/cesis/cesiswp162.pdf
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