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고용창출을 위한 정부연구개발투자 정책방향(Study on government S&T policy for job creation)

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  • 고용창출을 위한 정부연구개발투자 정책방향(Study on government S&T policy for job creation)
  • Kim, ByungWoo김병우; 하태정
  • 과학기술정책연구원


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Title 고용창출을 위한 정부연구개발투자 정책방향(Study on government S&T policy for job creation)
Similar Titles
Material Type Reports
Author(English)

Kim, ByungWoo

Author(Korean)

김병우; 하태정

Publisher

서울:과학기술정책연구원

Date 2008-12
Series Title; No 정책연구 / 08-06
ISBN 978-89-6112-039-5
Pages 191
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Industry and Technology < Science/Technology
Holding 과학기술정책연구원

Abstract

If technical advances are of a form that can be utilized by existing plants, then
investors will be encouraged to create new plants (the "capitalization effect"),
which will, in turn, hire more workers. If technical progress occurs at a very fast
pace, however, the proportion of workers released from production units will be
high (the "creative destruction effect").
We tested several propositions of Schumpeterian growth theory against real
data from the Korean economy. When we examine the results of our estimations
and others tests, we find that the evidence suggests that the capitalization effect
of growth on unemployment has been dominant in the Korean economy in the
past. We can see, however, an increasing importance of the creative destruction
effect of growth. Finally, recent "jobless growth" may be due to very little
capitalization effects of productivity growth.