@article{intel:/content/journals/10.1386/tmsd.9.3.195_1, author = "Abbasi, Farhad and Hajihoseini, Hojatolah and Haukka, Sandra", title = "Use of virtual index for measuring efficiency of innovation systems: A cross-country study", journal= "International Journal of Technology Management & Sustainable Development", year = "2011", volume = "9", number = "3", pages = "195-212", doi = "https://doi.org/10.1386/tmsd.9.3.195_1", url = "https://intellectdiscover.com/content/journals/10.1386/tmsd.9.3.195_1", publisher = "Intellect", issn = "2040-0551", type = "Journal Article", keywords = "DEA", keywords = "OLS", keywords = "inefficient countries", keywords = "innovation systems", keywords = "virtual index", abstract = "In this study we propose a virtual index for measuring the relative innovativeness of countries. Using a multistage virtual benchmarking process, the best and rational benchmark is extracted for inefficient ISs. Furthermore, Tobit and Ordinary Least Squares (OLS) regression models are used to investigate the likelihood of changes in inefficiencies by investigating country-specific factors. The empirical results relating to the virtual benchmarking process suggest that the OLS regression model would better explain changes in the performance of innovation- inefficient countries.", }