Innovation Efficiency, Productive Performance and Undesirable Outputs across European Regions: Are there any missing links?

We introduce an analytical methodological framework that links knowledge generation efficiency with economic efficiency and the corresponding environmental impact for 199 European Regions during 2000-2018, using a benchmarking approach and especially a chain network DEA technique. A clear trade-off between knowledge generation efficiency and productive performance emerges. European regions which exhibit high innovation efficiency enjoy higher overall performance compared to their counterparts. In a second stage, we investigate the convergence patterns of the examined regions with respect to all the three facets of the estimated efficiency where the coexistence of multi-type convergence clubs is revealed.