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Moderate Innovator Trap—Does the Convergence of Innovation Performance Occur in the World Economy?
2021
Economies
Based on β and σ convergence analysis, we find a high persistence of innovation gaps for international innovation indices reported by the European Commission. Our research confirms the diverging scientific potential across the analyzed economies. Estimation provides evidence of convergence in the case of R&D expenses and the relative position on the global technological frontier. We propose a simple fixed effect panel regression measuring relative innovativeness potential. Our model suggests
doi:10.3390/economies9010011
fatcat:ylqz64kybjdhhcfpq3oystdura