|Title||R&D effects on firm productivity, exports, and OFDI|
|Subtitle||Korean firm-level analysis|
|Author||Lee, Seungrae; Park, Ji Hyun; Kim, Hyuk-Hwang et al.|
|Publisher||[Sejong] : The Korea Institute for International Economic Policy|
|Country||South Korea||Holding||KIEP; KDI School|
This report empirically analyzes the effects of firm R&D on firm performance, particularly on firm productivity, exports, and outward foreign direct investment (OFDI) by using Korean firm-level data. While this report lies in line with prior literatures that examined firm R&D effects on firm performance, we further explores the pathway connection between the two. That is, we not only examine firm R&D effects on particular firm performance, but also study the significance of firm productivity as a pathway that links firm R&D with firm exports and OFDI. Our estimation results indicate that firm R&D significantly heightens firm performance, particularly by showing stronger impact on firm performance over time.