© 2016

National Innovation Efficiency During the Global Crisis

A Cross-Country Analysis


Table of contents

  1. Front Matter
    Pages i-xvii
  2. Emine Nur Gunay, Gozde Nur Kazazoglu
    Pages 1-4
  3. Emine Nur Gunay, Gozde Nur Kazazoglu
    Pages 5-26
  4. Emine Nur Gunay, Gozde Nur Kazazoglu
    Pages 27-68
  5. Emine Nur Gunay, Gozde Nur Kazazoglu
    Pages 165-171
  6. Back Matter
    Pages 173-184

About this book


What effect did the Great Recession have on national innovation? Did countries with high GDPs and GDPs per capita sustain efficient innovation? How did the recession affect the time lag between innovation development and implementation? This book presents the most comprehensive data set in current economic literature to measure and compare the effect of GDP and GDP per capita on the efficiency of 58 countries' national innovation systems during the Great Recession. A total of 18 different models are applied to different groupings of the data, including data envelopment analyses and time lag effects. The result is a rich comparative resource for policy makers and economists alike.


innovation management development economic growth economic policy innovation systems international economics Gunay business economics growth innovation Knowledge and Innovation macroeconomics management regions

Authors and affiliations

  1. 1.AnkaraTurkey
  2. 2.Uskudar IstanbulTurkey

About the authors

Emine Nur Gunay is Senior Economic Adviser to the Turkish Prime Minister. She worked in the International Trade Department of Bogazici University from 1995 to 2014. She also established and served as Director of the Innovation and Competition-Based Development Studies Research Center in Bogazici University and served as an FP7 National Delegate in Socio–Economic Sciences and Humanities between 2007-2012 in the European Union. 

Gozde Nur Kazazoglu is a PhD student in Istanbul Technical University's Management Department. She has served as Assistant Adviser to the Senior Economic Adviser of Turkish Prime Minister since 2014. 

Bibliographic information

Industry Sectors
Finance, Business & Banking


“The authors investigate the effects of the Global Financial Crisis of 2007-2009 on the efficiency of national innovation systems and discuss policy implications of the findings. This innovative, timely, and well-written study is highly relevant for several related courses in economics and business and indispensable for graduate students, academicians and policymakers.” (Ali M. Kutan, Distinguished Research Professor of Economics and Finance, Southern Illinois University Edwardsville, USA)

“This book clearly shows countries implementing policies on national systems for efficient innovation have performed more successfully than others with their smart selection of sectors to build innovative business clusters and umbrella networks in times of crises. The authors' innovative approach broadens perspectives of policy makers intending to create a new success story in today’s world which hasn't yet found its new normal after The Global Financial Crisis of 2007-2009.” (Ahmet Faruk Aysan, Board Member of The Central Bank of the Republic of Turkey)