From the perspective of the value chain, innovation activities are divided into the technology R&D stage and the technology transformation stage. The input-output index system of urban innovation in Shandong Province is constructed. The overall and city-specific innovation efficiency of Shandong Province is evaluated by calculating the DEA-Malmquist index, using the panel data of the years 2013-2020 as a sample. It is found that at the overall level, the innovation efficiency M index of Shandong province has slightly decreased, and the technology R&D stage is mainly affected by EFF and TECH, while the technology transformation stage is mainly affected by TECH. At the regional level, the trend of innovation efficiency varies significantly between cities, with different constraints. Based on the conclusions of the study, recommendations for improving the urban innovation efficiency in Shandong Province are proposed.

Guiju Liu, Xiu Li. Evaluation of Urban Innovation Efficiency in Shandong Province Based on DEA-Malmquist Model. Academic Journal of Business & Management (2024) Vol. 6, Issue 7: 122-128. https://doi.org/10.25236/AJBM.2024.060717.

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