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R&D effects on firm productivity, exports, and OFDI : Korean firm-level analysis

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Title R&D effects on firm productivity, exports, and OFDI
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Sub Title

Korean firm-level analysis

Material Type Articles
Author(English)

Lee, Seungrae; Park, Ji Hyun; Kim, Hyuk-Hwang et al.

Publisher

[Sejong] : The Korea Institute for International Economic Policy

Date 2015
Journal Title; Vol./Issue KIEP World Economy Update:vol. 5(no. 20)
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Industry and Technology < General
Holding KIEP; KDI School
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Abstract

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.