Earticle

초록

영어

In this paper, we conduct a comparative study for the effect of R&D investment on total factor productivity(TFP) in order to compare the efficiency of R&D spending among different OECD countries. For the analysis, we first pool the data from 22 OECD member countries during 1981-2004, and estimate TFP elasticity of R&D investment of that group. Then we evaluate TFP elasticity of R&D investment of five major advanced countries such as USA, Japan, Canada, Italy and Korea from 1970 to 2004. Finally, we investigate whether the efficiency of R&D investment of Korea has improved over the period by dividing the period into two parts, before and after 1990. From the empirical analysis, we find that the estimated R&D efficiency of Korea has been similar to that of a group of 22 OECD countries. The estimated R&D efficiency of Korea has been higher than those of Canada and Italy, but lower than those of USA and Japan. In sum, the R&D efficiency of Korea has reached the average level of OECD member countries. In addition, we find that the R&D efficiency of Korea after 1990 has been much higher than the efficiency before 1990. Thus, we can say that the R&D efficiency of Korea has substantially improved over the course of a period. We surmise that increased R&D spending done by major conglomerates and technological innovation have contributed the improvement of R&D efficiency since the year of 1990.

목차

I. 서론
 II. 문헌 연구
 III. 분석모형과 데이터
 IV. 실증분석 결과
 V. 결론 및 시사점
 〈잠고문헌〉
 Abstract

키워드

저자

• 이우성 [ Woo- Sung Lee | 과학기술정책연구원 연구위원 ] 제1저자
• 송치웅 [ Chi-Ung Song | 과학기술정책연구원 부연구위원 ] 교신저자
• 손수정 [ Soo-Jeong Sohn | 과학기술정책연구원 부연구위원 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  생산성연구: 국제융합학술지 [Productivity Research: An International Interdisciplinary Journal]

• 간기

  격월간

• pISSN

  1225-3553

• 수록기간

  1987~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 325 DDC 330