Earticle

초록

영어

Innovation and research and development (R&D) have become increasingly important in the global economic environment in recent years. In particular, OECD member countries have been increasing their investment in R&D to boost economic growth and national competitiveness. However, it is often overlooked that various factors, such as corruption, play an important role in maximizing the effectiveness of R&D spending. Corruption can lead to the inefficient allocation of resources, which in turn can weaken a country's ability to innovate. Therefore, by analyzing the impact of corruption on R&D spending, this study aims to provide important insights for policymakers and researchers. This study investigates the relationship between corruption and R&D expenditure by applying a linear panel model to data collected from OECD member countries. A total of 596 datasets for 35 OECD member countries between 2000 and 2019 were used for the analysis. The results show that, even among OECD member countries, corrupt countries invest less in R&D. This result implies that, while it is important to increase the quantitative level of R&D investment to promote national innovation, the management of corruption is also an important factor. Understanding the impact of corruption on R&D spending will provide policymakers with an important basis for formulating effective investment strategies in R&D, particularly those aimed at maximizing the positive impact of R&D spending on economic growth and long-term national competitiveness.

목차

ABSTRACT
Ⅰ. Introduction
Ⅱ. Literature Review
2.1 The Opposing Hypotheses of Corruption and Economic Activity: Sanding Wheel vs. Greasing Wheel
2.2 The Relationship between Corruption and Innovation at the Enterprise Level
2.3 The Relationship between Corruption and R&D Investment at the Country Level
2.4 Contributions of This Study to the Limitations of Existing Research
Ⅲ. Materials and Methods
Ⅳ. Results
Ⅴ. Testing for Endogeneity and Robustness of Results
Ⅵ. Discussion
References

저자

• Hyunkeun Bae [ Senior Researcher, Center for Public R&D Program Evaluation, Science and Technology Policy Institute ]
• Gicheol Jeong [ Senior Research Fellow, Center for Public R&D Program Evaluation, Science and Technology Policy Institute ] Corresponding Author

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